Industry Analysis & Industry Trends
The Heavy Duty Truck Parts Wholesalers industry sells local and foreign-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, is highly dependent on final demand for industry products from truck drivers and operators. Rising road freight transport demand, an ageing vehicle fleet and a greater number of trucks on the road benefits industry operators. Road freight companies tend to use more trucks than any other industry. These trucks are often large, articulated trucks transporting heavy loads over long distances. There is a large amount of wear on components, particularly tyres, brakes and transmissions, which increases the need for truck parts... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Heavy Duty Truck Parts Wholesalers industry is currently 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 an annualised 1.9% over the 10 years old. This represents an underperformance of the overall GDP, which is projected to rise at an annualised 2.6% over the 10-year period. This indicates the industry's contribution to the economy is declining.
There is little technological change or product innovation being introduced by the participants, with much of the change focused on improving operating efficient. These include inventory management and distribution systems implemented to contain wage and employment growth... purchase to read more