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 Analysis Chapter
The Truck Repair industry has been resilient over the past five years, posting solid growth on the back of increased demand from a growing fleet of trucks and commercial vehicles. Growth in kilometres travelled and demand for freight have resulted in higher wear and tear on trucks and commercial vehicles, boosting demand for industry services. Countering this growth has been a declining road accident rate, which has dampened demand for repairs.
Industry revenue is forecast to rise at a compound annual rate of 1.9% over the five years through 2014-15, to reach $5.2 billion. Revenue growth is expected to slow to 0.6% in the current year... purchase to read more