Trailing off: Falling demand from mining markets has constrained revenue growth

The Semi-Trailer and Truck Rental industry fulfils a small but important role in the transport sector, helping transport firms meet short-term requirements. Clients often rent semi-trailers and trucks to cope with a spike in customer orders, or meet the need for unusual vehicle specifications that are outside the client's normal vehicle fleet. Rental equipment is also required as temporary replacement of fleet stock in response to vehicle breakdowns.Solid demand from the Road Freight Transport industry has supported the industry's performance over the past five years. However, weak growth in the volume of merchandise imports and exports, and the declining price of motor vehicles have constrained industry more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Industry profit margins are expected to narrow over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The Semi-Trailer and Truck Rental industry in Australia is considered to be in the mature phase of its life cycle. Industry value added (IVA), which represents the industry's contribution to the economy, is projected to grow by an annualised 1.6% over the ten years through 2021-22. This represents a solid long-term pace of expansion, although it is lower than the projected growth in Australia's GDP of 2.5% annualised over the same period. This is indicative of a saturated market. In addition, there is very little technological change within the industry. Product offerings are stable and clearly segmented and buyers are limited to road freight operators...purchase to read more.

    Additional Insights for the Semitrailer and Truck Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Semitrailer and Truck Rental Industry are

  • Proximity to key markets
  • Having a wide and expanding product range
  • Ability to effectively manage debtors
  • IBISWorld analysts also discuss how external factors such as Demand from road freight transport and Total merchandise imports and exports in the Semitrailer and Truck Rental industry impact industry performance..

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    What's in this report

    What is the Semitrailer and Truck Rental Industry?

    Industry companies primarily rent out semi-tractors (trucks) and semi-trailers without a driver, including prime movers, tandem-axle and tri-axle trailers. The industry excludes companies primarily engaged in long-term leasing activities.

    Industry Products
  • Semi-tractors
  • Single- and tandem-axle trailers
  • Tri-axle trailers
  • Light and heavy rigid trucks
  • Industry Activities
  • Renting out semi-tractors
  • Renting out semi-trailers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from road freight transport
  • Total merchandise imports and exports
  • Motor vehicle price index
  • Business confidence index
  • Demand from rail freight transport

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Semitrailer and Truck Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Semitrailer and Truck Rental Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Road Freight Transport

  • Key Selling Industries
  • Commercial Vehicle Wholesaling
  • Petroleum Product Wholesaling
  • Trailer and Caravan Dealers

  • Products & Services
  • Tri-axle trailers
  • Semi-tractors
  • Light and heavy rigid trucks
  • Single- and tandem-axle trailers
  • Chart: Semitrailer and Truck Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Intrastate freight haulage firms
  • Urban light commercial transport firms
  • Interstate freight haulage firms
  • Other
  • Chart: Major Market Segmentation for the Semitrailer and Truck Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Interest
  • Repairs and maintenance
  • Purchases
  • Wages
  • Rent
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Semitrailer and Truck Rental

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Semitrailer and Truck Rental Industry

  • Industry Globalization
    ORIX Australia Corporation Limited, Rentco Pty Ltd,
  • Table: ORIX Australia Corporation Limited - financial performance
  • Table: Rentco Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Semitrailer and Truck Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Semitrailer and Truck Rental Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Articulated Truck
  • Vehicles primarily for load carrying, consisting of a prime mover and a turnable device which can be linked to one or more trailers.
  • Axle
  • A shaft that is fixed to the wheels and the body of the trailer.
  • Curtainsider
  • A flatbed truck or trailer with an upper-structure for mounting a tarpaulin system.
  • Dollie Or Dolly
  • A short tandem axle trailer. It is used to attach multiple semi-trailers in succession.
  • Global Positioning System (Gps)
  • A device that uses satellites to pinpoint its location.
  • Heavy Rigid Trucks
  • Rigid trucks with a gross vehicle mass greater than 4.5 tonnes.
  • Light Rigid Trucks
  • Rigid trucks with a gross vehicle mass greater than 3.5 tonnes but less than 4.5 tonnes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Semitrailer and Truck Rental 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Semitrailer and Truck Rental:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Semitrailer and Truck Rental market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Semitrailer and Truck Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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