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