Industry Analysis & Industry Trends
Over the past five years, demand for truck repair services has remained solid. Industry revenue is estimated to grow by an annualised 2.4% over the five years through 2013-14 to reach $5.1 billion. Over the period, the Truck Repair industry benefited from higher demand from road freight transport. Furthermore, the number of trucks and commercial vehicles continued to grow along with the number of kilometres driven for these vehicles. The higher truck and commercial vehicle traffic increased wear and tear on vehicles, which helped boost industry revenue. Countering the increased demand from higher traffic of trucks and commercial vehicles was the declining accident rate resulting from safer roads and vehicles. Industry revenue is estimated to stagnate in 2013-14 (0.0%... purchase to read more
Industry Report - Industry Products Chapter
Products and services can be generally split into general service, specialist repairs and parts distribution segments.
The majority of the industry's revenue comes from servicing vehicles on a schedule based on the volume of kilometres they travel. Commercial vehicles are serviced regularly to ensure they are operating efficiently and safely. Regular servicing may also be part of licence conditions for some operators.
Brakes require constant repair and maintenance for safe driving. While both engine brakes and brake systems are used on the industry's largest vehicles, the use of engine brakes is limited within many residential areas due to noise concerns. Such limits increase the wear and tear on standard braking systems... purchase to read more