Industry Analysis & Industry Trends
The Truck Repair industry has driven through the barriers presented to it by the weaker economic conditions at the start of the period to post steady growth over the past five years. Industry operators have benefited from increasing demand from road freight transport operators driving the volume of freight transported, which has led to greater wear and tear on trucks, subsequently stimulating demand for truck repair. As a result, industry revenue is forecast to grow at a steady rate, rising at an annualised 2.4% over the five years through 2015-16, to reach $5.3 billion.
Over the past five years, the industry has benefited from the growth of Australia's truck fleet, which has occurred despite the average age of trucks increasing... purchase to read more
Industry Report - Starting a New Business Chapter
The Truck Repair industry exhibits a low barriers to entry, with skill and capital being the main obstacles. Capital is required to lease or buy premises and the tools required to perform industry services. It is also necessary to purchase and hold spare parts and other products for sale. In general, 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 key barriers are skill 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