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 Analysis Chapter
At the beginning of the five-year period, demand for industry parts was below trend in what is normally an industry with low volatility. Freight volumes fell following the global financial crisis, which resulted in lower wear on trucks and reduced demand for parts. Larger wholesalers were able to weather this relatively well. As business and consumer confidence began to improve, demand for parts also increased. However, this effect was also mitigated somewhat by larger companies buying new trucks as private capital expenditure increased. Overall, the distance travelled by trucks has been increasing over the five years through 2013-14, and with it, wear on tyres and brakes. Together, these products generate the majority of revenue earned by the industry... purchase to read more