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 SWOT Analysis Chapter
The Truck Repair industry has entered a new growth phase of its life cycle. The industry’s services change slowly and have high penetration within the economy, with most truck owners using the industry’s services. Continued growth in the number of vehicles that the industry services will help the industry to grow. The distance driven per vehicle is also growing as merchandise trade increases, further boosting demand for industry services.
Industry value added (IVA) measures an industry’s contribution to the overall economy. IVA is forecast to rise by a compound annual rate of 3.1% over the 10 years through 2019-20... purchase to read more