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 SWOT Analysis Chapter
The Truck Repair industry is expected to have entered a new growth stage of its life cycle. The industry's contribution to the economy (industry value added) is estimated to grow at an annualised 3.9% over the 10 years through 2018-19. Meanwhile, the economy is expected to grow at a slower rate, with GDP forecast to increase by an annualised 2.5% over the same period. This suggests the industry's economic contribution is increasing its share of the economy and is therefore in the growth stage of its life cycle. Establishment numbers in the industry are projected to increase by an annualised 1.5% over the period.
The industry's services change slowly and have high penetration within the economy, with most truck owners using the industry's services... purchase to read more