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.
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