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 Analysis Chapter
The Semi-Trailer and Truck Rental industry has enjoyed solid growth over the past five years, despite slumps in most other automotive industries. The industry's performance has been supported by the favourable trends in road freight transport and merchandise trade. The industry has expanded to meet the spike of short-term demand in the core transport, mining and construction markets as clients supplemented their in-house fleets with rental stock. The pace of industry expansion has also been supported by technological innovation in the form of larger trucks and trailers, which increases labour productivity and capacity. Future growth in productivity may be hindered by government moves to limit increases in vehicle size on roads... purchase to read more