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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 | May 2014

Rolling on: Revenue will rise, but emerging economies will lure operators overseas

IBISWorld’s Truck & Bus Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 09-14
5.7%
Annual Growth 14-19
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Profit
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Employment
21,625
Businesses
80
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 - Starting a New Business Chapter

In general, this capital-intensive manufacturing industry presents a number of costs that can discourage some new entrants. For example, the high capital cost required for developing high-volume production facilities in order to benefit from economies of scale can act as barrier to entry. Manufacturing trucks and buses must be done on a large scale to be profitable. A small company or single proprietors may not be able to find the necessary funding to even start a business.

The need to comply with stringent environmental regulations in the future would require substantial research and development (R&D) investment for an entrant, and can act as a deterrent. Over the past five years, R&D costs have been on the rise, and they are expected to continue growing over the next five years... 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 trucksClass 6 trucksClass 7 trucksClass 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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