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 SWOT Analysis Chapter
The Truck and Bus Manufacturing industry is in the mature stage of its life cycle. Over the 10 years to 2020, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to grow at an annualized rate of 4.7%. Comparatively, GDP is forecast to grow at an annualized rate of 2.5% over the same period. Although IVA is expected to grow at a faster rate than the overall economy, this is not indicative of a growing industry because the industry started at a relatively low base prior to the economic recovery.
Manufacturers are increasingly moving truck production to emerging economies, where production costs are lower and demand is higher... purchase to read more