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 - Starting a New Business Chapter
Skill and capital are the chief barriers to entry in the industry. Capital is required to lease or buy premises and the tools required to perform industry services. It is also necessary to purchase spare parts and other products for sale. In general, Truck Repair industry operators looking to work on large vehicles, such as B-doubles or B-triples or other configurations that can carry over 4.5 tonnes, face the highest capital requirements.
The other part of the equation is skills and experience. Prospective entrants require access to a workforce with the skills to conduct general services and more specialised repairs. The more specialised the niche targeted by an operator, the higher the skill and equipment requirements... purchase to read more