The Truck Dealers industry is continuing to expand over the five years to 2018, as downstream markets improved in line with the overall economy. Moreover, many freight trucking companies experienced a need for new fleets due to increasing trade volumes and manufacturing output. As a result, over the five years to 2017, industry revenue is expected to increase. Industry revenue typically moves in line with factors such as manufacturing output, trade volume and construction activity. Both the local and the long-distance freight trucking sectors, two of the industry's primary markets, have experienced renewed demand in the past five years. Therefore, industry revenue was able to recover quickly during the period. However, more recently, the industry has reported negative heavy truck sales, which include Class Seven and Class Eight vehicles. Nonetheless, medium-duty truck sales have remained stable in recent years. Steady demand from the manufacturing and construction sectors is expected to sustain revenue growth over the five years to 2023.
This industry comprises operators that sell medium and heavy-duty commercial trucks. In addition to new truck sales, many companies offer a wide variety of used trucks and new truck parts. Many dealers also provide truck repair services. This industry does not include light truck or sport utility vehicle (SUV) dealers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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