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Truck Repair in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Repair Market Research Report | Industrial Machinery, Gas & Chemicals | Industrial Contractors | Jan 2014

Slow and steady: Revenue grows solidly due to higher demand from road freight transport

IBISWorld’s Truck Repair market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 09-14
2.4%
Annual Growth 14-19
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Profit
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Employment
21,181
Businesses
1,996
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Repair Industry?

This industry provides aftermarket repair services and products for light, medium and heavy-duty trucks. Aftermarket refers to maintenance, repair, parts, accessories, chemicals and fluids for trucks after their initial sale.

Industry Products
General servicesSpecialist electronicsSpecialist brake repairSpecialist transmissionVehicle paintParts distributionSpecialist alignment and suspension
 
Industry Activities
Alignment and suspension servicesBrake repair and maintenanceTruck parts distributionTruck electronics repair and maintenanceEngine repair and maintenanceAlignment and suspension servicesBrake repair and maintenanceTruck parts distributionTruck electronics repair and maintenanceEngine repair and maintenance


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