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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 | Feb 2016

Keep on trucking: Adoption of new fuel-efficient technologies will support industry growth

The Truck & Bus Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
30,221
Businesses
69
Industry Analysis & Industry Trends

Operators in the Truck and Bus Manufacturing industry experienced volatile swings over the past five years. The Environmental Protection Agency enacted a final phase of emissions standards in 2010. As a result, truck manufacturers experienced increased demand for vehicles that are compliant with these new standards. Over the past five years, many players have expanded internationally, with a particular focus on Asian and South American markets. The relative decline of manufacturing and export-focused industries in the United States limited growth prospects for truck manufacturers; as a result, manufacturers moved operations to emerging economies where production costs are lower. The next five years are expected to be brighter for the industry... purchase to read more

Industry Report - Industry Analysis Chapter

Over the five years to 2016, revenue for the Truck and Bus Manufacturing industry is anticipated to rise. During the five-year period, many industry operators focused on emerging economies, such as China and Brazil, where demand for transport has risen substantially compared with developed countries. These emerging countries continue to build up infrastructure and experience significant GDP growth, presenting an opportunity for truck and bus manufacturers. Moreover, domestic economic conditions increased during the period, spurring demand for freight transport, which benefited truck manufacturers. To this end, industry revenue is expected to grow at an annualized rate of 1.5% to $31.2 billion over the five years to 2016, lifted by an estimated 2.2% in 2016... 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
Special-purpose trucksTrucks for Classes 4 to 7Class 8 trucksBuses and firefighting vehicles
 
Industry Activities
Manufacturing heavy-duty truck chassisAssembling complete heavy-duty trucksAssembling complete busesAssembling heavy-duty motor vehicles for highway use


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