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 - 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