Heavy Duty Truck Parts Wholesalers Industry Market Research Report Now Updated by IBISWorld

Over the next five years, the Heavy Duty Truck Parts Wholesalers industry in Australia will benefit from higher demand for road freight. For this reason, industry research firm IBISWorld has updated its report on the Heavy Duty Truck Parts Wholesalers industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

The number of trucks registered in Australia is expected to increase, which means more parts will be required to service them.

Melbourne, Australia (PRWEB) September 30, 2013

The industry has recovered relatively well over the five years through 2013-14. Companies looked to hold off on the maintenance of their trucks at the beginning of the five-year period, causing a slight decline. However, this was quickly offset by the growing demand from downstream industries. As momentum builds, industry revenue is forecast to grow by 3.5% in 2013-14. The performance of the Heavy Duty Truck Parts Wholesalers industry in Australia is highly dependent on demand from final markets for its goods, such as the Road Freight Transport industry. According to IBISWorld industry analyst Caroline Finch, “Road freight companies tend to use more trucks than any other industry. These trucks are often large, articulated trucks transporting heavy loads, and as such, there is a large amount of wear on components, particularly tyres, brakes and transmissions.”

Demand from road freight has been recovering over the past five years. This has provided a substantial boost to industry revenue, which is forecast to grow at a compound annual rate of 1.3% over the five years through 2013-14 to reach $2.2 billion. The Heavy Duty Truck Parts Wholesalers industry has a low level of industry volatility. “This is because it is protected by regulation, to the extent that trucks have to get a minimum level of maintenance to be roadworthy,” says Finch. The industry has a low share of concentration, with Iveco Trucks Australia Ltd and Isuzu Australia Limited the only major players.

The outlook for the Heavy Duty Truck Parts Wholesalers industry remains positive. The number of trucks registered in Australia is expected to increase, which means more parts will be required to service them. Higher demand from road freight transportation will also contribute to revenue growth. As logistic companies look to increase their productivity, larger trucks may be used more intensively. These require more tyres and come under greater wear due to their heavier loads. Consequently, tyres and brakes are anticipated to grow as a product segment. Industry profitability will continue to remain a function of sale and the trade-weighted index. An expected decline in the trade-weighted index will put some pressure on profitability margins.

For more information, visit IBISWorld’s Heavy Duty Truck Parts Wholesalers in Australia industry report page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics
Establishments in this industry wholesale truck parts and supplies for commercial trucks. Products include drive train parts, tyres, brake pads and other consumables. The industry does not supply parts for off-road vehicles such as mining trucks.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


Contact

  • Gavin Smith
    IBISWorld
    +61 396553838
    Email