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 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 2.6% over the ten years through 2018-19. This growth is roughly in line with the overall economy, which is expected to grow by an annualised 2.5% 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 2018-19, IBISWorld expects the number of establishments to grow by an annualised 2.8%... purchase to read more