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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Investment Chapter

The Truck and Bus Manufacturing industry is capital intensive, with wages only 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 $0.71 in capital. Because of the size and scope of this industry, 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
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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