Industry Analysis & Industry Trends
The majority of demand for specialized freight trucking comes from the transportation of food, beverage and pharmaceutical products, which mitigated declines for many operators during the past five years. The outlook is promising for providers of industry services. Demand will grow from the construction and manufacturing sectors as the economy improves and spending revives... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Local Specialized Freight Trucking industry is in the mature phase of its industry life cycle. In the 10 years to 2018, IBISWorld estimates that industry value added, a measure of the industry's contribution to the overall economy, will increase at an average annual rate of 1.3%, which is roughly in line with projections for annualized GDP growth of 2.1% during the same period. Nevertheless, industry operators will need to cope with stricter environmental standards and rising fuel prices. These factors are expected to limit the industry's overall growth during the next five years.
Over the long term, growth has been driven by strengthening demand in downstream markets rather than by the emergence of new markets or technologies... purchase to read more