The Truck Repair industry has kicked into high gear over the past five years. Disposable income and freight transportation have steadily improved over the five years to 2016. As a result, businesses have resumed purchases of new and used trucks, and the repairs associated with these vehicles have experienced a parallel increase. As the age of the vehicle fleet increases and the number of total vehicle miles grows, the existing cars in circulation are more prone to basic wear and tear. Provided that the price of oil remains historically low, in the coming years, individual clients and businesses will be even more likely to invest in new trucks if the costs associated with a truck's upkeep are perceived as being more affordable.
This industry provides aftermarket repair services and products for medium and heavy-duty trucks. Aftermarket refers to maintenance, repair, parts, accessories, chemicals and fluids for trucks after their initial sale. This industry excludes repair and maintenance services provided by truck dealers and gas stations.
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.