Truck Dealers in Australia Industry Market Research Report Now Available from IBISWorld

Truck dealers were negatively affected by the financial crisis, but conditions have improved and growth has returned. For this reason, industry research firm IBISWorld has added a report on the Truck Dealers in Australia to its growing industry report collection.

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IBISWorld Market Research

IBISWorld Market Research

Favourable economic conditions drive demand and revenue growth

Melbourne, Australia (PRWEB) January 11, 2014

The Truck Dealers industry has been burdened by unfavourable conditions over the past five years, resulting in a weak performance. The global economic crisis caused business confidence to fall sharply in 2008-09, leading to weak sales. The lingering post-financial crisis blues further delayed companies from investing capital into the purchase of new trucks, which caused industry revenue to decline in 2009-10 and 2010-11. Merchandise import and export activity declined sharply in 2009-10, which exacerbated the drop in industry revenue over the year. Weak conditions have also led to many firms culling employment numbers due to reduced labour requirements. According to IBISWorld industry analyst Kosta Lev, “enterprises are expected to follow a similar trend as smaller firms have struggled to remain afloat”.

However, the Truck Dealers industry has been on the path to recovery since 2011-12 and has grown in each year since then. “Demand from the road freight sector has strengthened, which has assisted in the industry's recovery,” says Lev. In addition, the government's interest rate reductions over the past two years have increased the availability of credit for the industry's customers, which is resulting in positive demand.

Over the next five years, industry revenue growth is expected to speed up as many of the obstacles from the previous period are left in the rear view. More favourable economic conditions over the next five years are expected to result in increased business confidence, which should stimulate demand for industry goods. Merchandise trade is also expected to grow and result in increased activity for the road freight sector, which will further boost demand.

For more information, visit IBISWorld’s Truck Dealers report in Australia industry page.

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IBISWorld Industry Report Key Topics

This industry includes operators that primarily sell medium- and heavy-duty trucks. The sale of trucks excludes the sale of truck semi-trailers, minivans and utility vehicles. The industry's activities also exclude repair and maintenance services, the sale of truck parts and other aftermarket services.

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