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 - Industry Analysis Chapter
The Truck Repair industry has been resilient over the past five years, posting solid and steady 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 caused more wear and tear on trucks and commercial vehicles, boosting demand for industry services. Partially offsetting this growth has been a declining road accident rate, which has limited demand for truck repairs.
Industry revenue is forecast to rise at an annualised 2.4% over the five years through 2015-16, to reach $5.3 billion. Revenue growth is expected to slow to 1.3% in the current year... purchase to read more