Industry Analysis & Industry Trends
The Semi-Trailer and Truck Rental industry has cruised through a growth period over the past five years with some minor bumps along the road. The industry is expected to grow by 2.3% over the five years through 2013-14, to reach $87.1 million. This growth is understated, as it comes off a high base year in 2008-09. Over 2008-09, the industry benefited from an increase in merchandise imports and exports. The Road Freight industry, a key source of industry demand, declined over the year. Although this is usually bad for revenue, when combined with a simultaneous growth in merchandise trade it was in fact beneficial for the industry... purchase to read more
Industry Report - Industry Analysis Chapter
The Semi-Trailer and Truck Rental industry has enjoyed strong growth over the past five years, despite slumps in most other automotive industries during the period. IBISWorld expects the industry to grow by an annualised 2.3% over the five years through 2013-14 to reach $87.1 million. This includes estimated growth in revenue of 2.4% in 2013-14. Although this growth rate is still positive, it understates the performance of the industry over the period. This is due to the figure coming from a high base year in 2008-09.
Successful companies in the industry are often highly profitable. Industry profitability is estimated to average 10.6% in 2013-14. However, this high return is synonymous with high risk... purchase to read more