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Truck & Bus Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck & Bus Manufacturing Market Research Report | NAICS 33612 | Oct 2015

Keep on trucking: Adoption of new fuel-efficient technologies will support industry growth

IBISWorld’s Truck & Bus Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 10-15
5.3%
Annual Growth 15-20
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Profit
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Employment
28,732
Businesses
65
Industry Analysis & Industry Trends

Operators in the Truck and Bus Manufacturing industry experienced volatile swings over the past five years. The Environmental Protection Agency enacted a final phase of emissions standards in 2010. As a result, truck manufacturers experienced increased demand for vehicles that are compliant with these new standards. Over the past five years, many players have expanded internationally, with a particular focus on Asian and South American markets. The relative decline of manufacturing and export-focused industries in the United States limited growth prospects for truck manufacturers; as a result, manufacturers moved operations to emerging economies where production costs are lower. The next five years are expected to be brighter for the industry... purchase to read more

Industry Report - Industry Investment Chapter

The Truck and Bus Manufacturing industry is capital intensive, with wages accounting for a relatively low proportion of revenue. However, expenditure on wages accounts for a larger proportion of revenue than capital. Still, IBISWorld estimates that for every dollar spent on labor, industry firms invest about $0.74 in capital. Due to the industry’s size and scope, large-scale production requires significant capital investment. One of the largest forms of capital investment over the past five years has come from the move toward automated production processes. The use of robots and other computer-based technology for repetitive manufacturing activity has become the norm for large-scale truck and bus manufacturers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck & Bus Manufacturing Industry?

Companies in this industry manufacture truck and bus chassis and assemble trucks, buses and other specialty heavy-duty vehicles, including ambulances and firefighting trucks. This industry includes heavy trucks used by freight companies but excludes passenger vehicles.

Industry Products
Special-purpose trucksTrucks for Classes 4 to 7Class 8 trucksBuses and firefighting vehicles
 
Industry Activities
Manufacturing heavy-duty truck chassisAssembling complete heavy-duty trucksAssembling complete busesAssembling heavy-duty motor vehicles for highway use


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