Keep on trucking: Rising demand from road freight operators has supported industry growth

The Truck Repair industry has exhibited moderate growth over the past five years. The volume of freight transported by road freight operators has increased over the period, driving industry revenue growth. Additionally, the average distance driven per truck or commercial vehicle has risen over the five-year period. This trend has led to greater wear and tear on trucks and commercial vehicles, stimulating demand for truck repair services. As a result, industry revenue is expected to grow at an annualised 2.6% over the five years through 2018-19, to $4.8 billion.The industry has benefited from the growth of Australia's truck fleet over the past five years, with the average age of trucks remaining relatively more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Truck repair firms have benefited from growth in Australia’s truck fleet over the past five years
  • Demand from road freight transport operators has increased over the past five years
  • A newer truck and commercial vehicle fleet will likely constrain demand for repair services
  • Industry Report - Industry Investment Chapter

    The Truck Repair industry exhibits low capital intensity. For every dollar spent on capital, an estimated $14.78 is spent on labour. The high expenditure on labour stems from the varied and customised nature of repairs and maintenance on the many truck types and models. Most industry services cannot be automated, which adds to the industry's labour-intensive nature.The industry's capital intensity has decreased over the past five years, though not due to reduced investment in capacity. Rather, capital intensity has decreased due to rising labour costs, as demand for skilled truck mechanics has grown faster than the pool of mechanics. As a result, wage costs have risen compared with depreciation costs. Capital expenses for the industry include new buildings and equipment...purchase to read more.

    Additional Insights for the Truck Repair Industry

    IBISWorld has determined the most important Key Success Factors for the Truck Repair are:

  • Proximity to key markets
  • Ensuring pricing policy is appropriate
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Demand from road freight transport and Number of motor vehicles in the Truck Repair industry impact industry performance..

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    What's in this report

    What is the Truck Repair Industry?

    Industry players provide aftermarket repair services and products for light commercial vehicles, articulated trucks, and light and heavy rigid trucks. Aftermarket refers to maintenance, repair, parts, accessories, chemicals and fluids for trucks after their initial sale.

    Industry Products
  • General servicing
  • Body repairs
  • Engine repairs
  • Muffler, brake and exhaust repairs
  • Transmission repairs
  • Other services
  • Industry Activities
  • Alignment and suspension services
  • Brake repair and maintenance
  • Truck parts distribution
  • Truck electronics repair and maintenance
  • Engine repair and maintenance
  • Truck smash repairs
  • 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
  • Number of motor vehicles
  • Number of vehicle accident deaths
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Profit pressures
  • Vehicle accidents
  • Commercial expansion
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit pressures
  • Vehicle accidents
  • Commercial expansion
  • Industry participation
  • Table: Truck Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Truck Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Road Freight Transport
  • Courier Pick-up and Delivery Services

  • Key Selling Industries
  • Motor Vehicle Dismantling and Used Parts Wholesaling
  • Motor Vehicle New Parts Wholesaling
  • Paint and Coatings Manufacturing

  • Products & Services
  • General servicing
  • Engine repairs
  • Body repairs
  • Muffler, brake and exhaust repairs
  • Other services
  • Transmission repairs
  • Chart: Truck Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Light commercial vehicle operators
  • Rigid truck operators
  • Articulated truck operators
  • Chart: Major Market Segmentation for the Truck Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Truck Repair

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck Repair Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Truck Repair 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 Truck Repair Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A prime mover hauling two trailers.
  • B-Triple
  • A prime mover with three trailers attached.
  • Fleet Telematics
  • Fleet telematics systems use electronics and GPS to track the location and other characteristics (e.g. mileage or speed) of vehicles in a fleet.
  • Gross Vehicle Mass (Gvm)
  • The weight of an empty vehicle plus its maximum carrying capacity. This doesn’t include the weight of trailers.
  • What Our Customers Say

    Why buy this report?

    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.

    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 Truck Repair:
    • 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 Truck Repair 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 Truck Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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