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Semi-Trailer and Truck Rental in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Semi-Trailer and Truck Rental Market Research Report | Industrial Machinery, Gas & Chemicals | General Contractors | Feb 2016

Cruising along: High demand and increasing trade boost industry revenue

IBISWorld’s Semi-Trailer and Truck Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
ORIX ORIX market share
Rentco Rentco market share
Industry Statistics & Market Size
Revenue
$110m
Annual Growth 11-16
2.5%
Annual Growth 16-21
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Profit
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Employment
205
Businesses
50
Industry Analysis & Industry Trends

The Semi-Trailer and Truck Rental industry has cruised through a growth period over the past five years, despite some minor bumps along the way caused by fluctuations in Australia's merchandise trade. The industry's revenue is expected to grow by an annualised 2.5% over the five years through 2015-16, to $110.0 million. This includes growth of 2.8% during the current year.

The industry fulfils a small but important role in the transport sector, supplementing the fleet of transport firms to help meet short-term requirements. This includes coping with a spike in customer orders to be filled, the need to meet unusual vehicle specifications (outside the normal vehicle fleet), and the temporary replacement of fleet stock in response to vehicle breakdowns... 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 2.0% over the ten years through 2020-21. This represents a solid long term pace of expansion, although it is lower than the projected growth in Australia's GDP of 2.6% annualised 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... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Semi-Trailer and Truck Rental Industry?

Companies in this industry primarily rent out semi-tractors (trucks) and semi-trailers without a driver, including prime movers, tandem-axle and tri-axle trailers. The industry excludes companies primarily engaged in long-term leasing activities.

Industry Products
Semi-tractorsSingle- and tandem-axle trailersTri-axle trailersLight and heavy rigid trucks
 
Industry Activities
Renting out semi-tractorsRenting out semi-trailers


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