What is the Semi-Trailer and Truck Rental industry?
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 2.0% over the ten years through 2020-21. This represents a solid long term pace of expansion, although it is lower than the projected growth in Australia's GDP of 2.6% 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