Industry Analysis & Industry Trends
The industry has recovered relatively well over the five years through 2013-14. Companies looked to hold off on the maintenance of their trucks at the beginning of the five-year period, causing a slight decline. However, this was quickly offset by the growing demand from downstream industries. As momentum builds, industry revenue is forecast to grow by 3.5% in 2013-14.
The performance of the Heavy Duty Truck Parts Wholesalers industry is highly dependent on demand from final markets for its goods, such as the Road Freight Transport industry. Road freight companies tend to use more trucks than any other industry. These trucks are often large, articulated trucks transporting heavy loads... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its lifecycle. Industry value added is forecast to grow at a compound annual rate of 2.9% over the ten years through 2017-18. Although this is higher than the GDP growth rate of 2.5% over the same period, there are several factors indicating a mature life cycle.
The industry is expected to consolidate over the 10-year period as larger operators look for scale to improve their profitability margins. There is little technological change or product innovation being introduced by the participants. Finally, the industry moves in line with such economic indicators as freight volumes and number of registered vehicles. These indicators tend to grow closely with GDP, which confirms the mature status of the industry... purchase to read more