The Truck Repair industry has kicked into high gear over the past five years as disposable income and freight transportation have steadily improved. As a result, businesses have resumed purchases of new and used trucks, and the repairs associated with these vehicles have risen due to increased use. Additionally, in response to rising consumer confidence, clients are now more likely to request professional truck repair services as opposed to performing do-it-yourself repairs, leading to growing industry revenue over the five years to 2018. Strengthening corporate profit and consumer income will boost demand for truck repair and maintenance among individual and commercial clients over the five years to 2023, although the significant revenue growth that occurred over the past five years is not expected to continue as intensely.
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.
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