Industry Analysis & Industry Trends
Truck and bus manufacturers experienced high volatility over the past five years, with the recession and associated drop in trade activity pummeling revenue. However, as the global economy recovers, trade will increase and, in turn, boost demand for industry products. A growing number of operators will move their operations abroad to take advantage of high demand from emerging economies... 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 6 to 8 being the most relevant for this industry... purchase to read more