Industry Analysis & Industry Trends
The Truck Repair industry has driven through the barriers presented to it by the global financial crisis and posted steady growth over the past five years. Industry operators have benefited from increasing demand from road freight transport operators. The relatively high Australian dollar over the past five years has increased imports into the country and subsequently the volume of freight transported, driving wear and tear on trucks and stimulating demand for truck repair. The high dollar also drove the cost of imported parts downwards, helping the industry retain profit margins.
The industry has benefited over the past five years by an increase in the size of Australia's fleet of trucks, which has occurred despite the average age of trucks increasing... 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