Truck, Trailer and Motor Home Manufacturing in Canada Industry Market Research Report from IBISWorld Has Been Updated
New York, NY (PRWEB) April 08, 2015 -- Over the five years to 2015, revenue for the Truck, Trailer and Motor Home Manufacturing industry is expected to increase. The industry is unique in the sense that industry operators manufacture both consumer-based goods and products for freight operators. As a result, the industry has a variety of factors that support demand; however, the industry is highly cyclical. For example, RVs and motor homes are typically big-ticket discretionary purchases. Consequently, demand for this segment surged in light of the economic recovery. Moreover, freight operators resumed purchasing new trucks and trailers when trade activity rebounded. Despite this growth, industry revenue is not expected to reach prerecessionary levels. Nevertheless, IBISWorld expects industry revenue to increase over the five years to 2015.
According to IBISWorld Industry Analyst Brandon Ruiz, “trade also remains an integral component of the industry.” As a result, industry revenue tends to ebb and flow with fluctuations in the value of the Canadian dollar. Over the five years to 2015, industry exports are expected to benefit from the depreciation of the Canadian dollar relative to other currencies. Moreover, industry operators benefit from the North American Free Trade Agreement, which enables the United States, Mexico and Canada to trade freely. To this end, exports are expected to soar over the five-year period due to the relative weakness of the Canadian dollar. On the other hand, imports are also anticipated to increase due to renewed demand from the domestic economy.
Over the five years to 2020, industry revenue is expected to trend higher, bolstered by restored demand in recreational consumer-based vehicles, as well as trucks and trailers for freight operators. RVs and motor homes are anticipated to experience renewed demand from retirees, the segment's largest market. Moreover, the number of adults aged 65 and older is forecast to rise, expanding the total pool of potential customers. “Retirees are typically the largest major market for RVs and motor homes due to their flexibility and willingness to travel,” says Ruiz. Similarly, demand from downstream truck transportation is also anticipated to increase as the domestic economy continues to improve. As a result of these trends, industry revenue is expected to rise.
For more information, visit IBISWorld’s Truck, Trailer and Motor Home Manufacturing in Canada industry report page.
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IBISWorld industry Report Key Topics
The Truck, Trailer and Motor Home Manufacturing industry primarily manufactures motor vehicle bodies and cabs, truck trailers and noncommercial trailers. The bodies and cabs may be sold as such, or assembled on purchased chassis.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized 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 US and Canadian 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 Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld Inc., http://www.ibisworld.com, +1 (310) 866-5042, [email protected]
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