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Truck and Bus ManufacturingPublished by: First Research, Inc. Published: Apr. 28, 2008 - 10 Pages Table of Contents
AbstractUS heavy truck and bus manufacturers include about 80 companies with combined annual revenue of about $25 billion. Major companies include PACCAR (Peterbilt and Kenworth); Volvo of North America; and Blue Bird. The industry is highly concentrated: the top five manufacturers have about 70 percent market share; the top 20 have 97 percent. Many companies are parts suppliers to assembly plants.COMPETITIVE LANDSCAPE Heavy truck demand is driven by growth in the agriculture, manufacturing, construction, and retail sectors. Bus demand is driven by growth in the number of school-aged children and investment in public transportation systems. The profitability of individual companies depends on volume and sales of high-margin options. Small manufacturers compete by supplying parts to other assemblers or by offering highly customized products. The industry is capital-intensive: annual sales per employee averages about $750,000. The industry competes with other forms of transportation, namely trains and planes, which also move freight and people over long distances. Reconditioned and used vehicles also compete with newly manufactured products, since equipment may have a useful life in excess of 1 million miles. PRODUCTS, OPERATIONS & TECHNOLOGY Heavy trucks and buses are classified by Gross Vehicle Weight Rating (GVWR), a measure of the total allowable weight of the truck when fully loaded. Class 6 (GVWR of 19,001 to 26,000 pounds); Class 7 (GVWR of 26,001 to 33,000 pounds); and Class 8 (GVWR of 33,000 pounds and over) vehicles make ... Get Full Details About This Report >> |
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