What is the Truck Repair industry?
The Truck Repair industry exhibits a low barriers to entry, with skill and capital being the main obstacles. Capital is required to lease or buy premises and the tools required to perform industry services. It is also necessary to purchase and hold spare parts and other products for sale. In general, industry operators looking to work on large vehicles, such as B-doubles or B-triples or other configurations that can carry over 4.5 tonnes, face the highest capital requirements.
The other key barriers are skill and experience. Prospective entrants require access to a workforce with the skills to conduct general services and more specialised repairs. The more specialised the niche targeted by an operator, the higher the skill and equipment requirements... purchase to read more