Industry Analysis & Industry Trends
The Semi-Trailer and Truck Rental industry has cruised through a growth period since the late 2000s, with some minor bumps along the road. The industry is expected to grow by 3.7% over the five years through 2014-15, climbing to $110.0 million, including a 4.0% growth in sales during the current year.
This growth stems from the increase in demand for total road freight services, partly due to increased volumes of merchandise imports and exports. This industry fulfils a small but important role within the transport sector, supplementing the fleet of transport firms to help meet short-term requirements... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Semi-Trailer and Truck Rental industry in Australia is considered to be in the mature phase of its life cycle. Industry value added (IVA), which represents the industry's contribution to the economy, is projected to grow by an annualised 2.8% over the ten years through 2019-20. This growth is roughly in line with the overall economy, which is expected to grow by an annualised 2.7% over the same period. This is indicative of a saturated market. In addition, there is very little technological change within the industry. Product offerings are stable and clearly segmented and buyers are limited to road freight operators.
Over the ten years through 2019-20, IBISWorld forecasts the number of establishments to grow by an annualised 0.8%... purchase to read more