Industry Analysis & Industry Trends
The Heavy Duty Truck Parts Wholesalers industry sells locally and internationally made truck parts to retailers and repair stores, for use in the repair and maintenance of trucks. The industry, while separated from the Road Freight Transport industry by intermediaries, depends on final demand from truck drivers for parts. Growing freight transport demand, an old vehicle fleet and increases in the number of trucks on the road favour the industry. The performance of the Heavy Duty Truck Parts Wholesalers industry depends on demand from final markets, 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 life cycle. Industry value added, which measures an industry's contribution to the economy, is forecast to grow at a compound annual rate of 2.4% over the 10 years through 2019-20. This is below the forecast GDP growth rate of 2.7% over the same period.
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. The industry also tends to move 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