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Truck Dealers in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 01, 2024
Length 72 Pages
SKU # IBSS19343085

Description

Truck Dealers in the US - Industry Market Research Report


Truck Dealers in the US

Truck dealers have endured challenges in recent years. Dealers sell trucks to all types of industries for in-house use, but the largest customer is the trucking industry itself. Freight trucking companies offer transportation services on a for-hire basis. Both of these types of sales are tied directly to the performance of the overall economy, as an increase in business activity necessitates greater transportation services. The outbreak of COVID-19 brought the world economy to a screeching halt, taking truck dealers down with it as businesses across the globe cut back. When pandemic-related restrictions were lifted, the prices of key commodities skyrocketed as supply lagged behind booming demand. The record-high price of crude oil dampened the growth caused by the general economic recovery. Altogether, industry revenue has been falling at a CAGR of 1.3% to $118.6 billion over the past five years, despite a forecasted increase of 0.8% in 2023.

The Truck Dealers 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."

Table of Contents

72 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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