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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 | Mar 2015

Rolling on: Revenue will rise, but emerging economies will lure operators overseas

IBISWorld’s Truck & Bus Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 10-15
5.8%
Annual Growth 15-20
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Profit
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Employment
31,100
Businesses
70
Industry Analysis & Industry Trends

Over the five years to 2015, revenue for the Truck and Bus Manufacturing industry is anticipated to trend higher. During the period, many industry operators focused on emerging economies, such as China and Brazil, where demand for transport has risen substantially compared with developed countries. Going forward, the industry will continue its postrecessionary growth over the next five years. Heightened freight activity, in addition to increased international trade, will likely drive industry growth. Additionally, aging fleets will become a concern for trucking operators and companies will invest in new trucks as freight demand grows. Despite revenue growth expected in the United States, emerging overseas economies will entice manufacturers to focus efforts abroad... purchase to read more

Industry Report - Industry Products Chapter

Trucks and buses manufactured within this industry are used for commercial purposes. The distinction between light and heavy trucks is in some instances blurry because companies such as GM and Ford manufacture big pick-up trucks that are sold to private individuals. These pick-up trucks are not included within the Truck and Bus Manufacturing industry.

Trucks

Most trucks within this industry are used for freight purposes. There are various types of classifications for trucks in the United States, but the general consensus comes from the US Vehicle Inventory and Use Survey, conducted by the Department of Transport. The classification ranges from Class 1 to Class 8, with Classes 4 to 8 being the most relevant for this industry... 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
Firefighting vehiclesSpecial-purpose trucksTrucks for Classes 4 to 7Class 8 trucksBuses
 
Industry Activities
Manufacturing heavy-duty truck chassisAssembling complete heavy-duty trucksAssembling complete busesAssembling heavy-duty motor vehicles for highway use


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