Question
Martin owns a Truck Company where they only sell pick-up trucks. He received a marketing report that represents how the Automotive Industry is going to
Martin owns a Truck Company where they only sell pick-up trucks. He received a marketing report that represents how the Automotive Industry is going to be doing for the next 7 years. He wants to understand how the market is growing and how much his companys revenue will go up within the next few years. If the CAGR for the total market is suggested to rise 12.8% within the next 7 years (starting from 2021) and Martin had $9.1M in NR in 2021 and $14.6M in NR for 2022 out of the available market, how much NR can Martin expect to have by 2025?
2017
2018
2019
2020
2021
2022e
2023e
2024e
2025e
2026e
2027e
CAGR
442.8
499.5
563.4
495.8
565.2
637.8
719.2
810.1
914.1
1031.1
1162.9
12.8%
** Revenue is represented in $Millions **
Martin owns a Truck Company where they only sell pick-up trucks. He received a marketing report that represents how the Automotive Industry is going to be doing for the next 7 years. He wants to understand how the market is growing and how much his companys revenue will go up within the next few years. If the CAGR for the total market is suggested to rise 12.8% within the next 7 years (starting from 2021) and Martin had $9.1M in NR in 2021 and $14.6M in NR for 2022 out of the available market, how much NR can Martin expect to have by 2025?
2017 | 2018 | 2019 | 2020 | 2021 | 2022e | 2023e | 2024e | 2025e | 2026e | 2027e | CAGR |
442.8 | 499.5 | 563.4 | 495.8 | 565.2 | 637.8 | 719.2 | 810.1 | 914.1 | 1031.1 | 1162.9 | 12.8% |
** Revenue is represented in $Millions **
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