Industry Analysis & Industry Trends
The industry struggled during the recession, as revenue, employment and enterprise numbers experienced declines as a result of falling demand from trucking companies. Nevertheless, industry revenue is forecast to grow as the economy improves, and fleet operators will demand industry products to cut costs and promote a greener image. Competition increase as technology evolves, but wireless connectivity and mobile-device use will continue to spur demand.... purchase to read more
Industry Report - Industry Locations Chapter
Several factors affect industry locations, including proximity to complementary industries, customers and suppliers. Firms also consider the location and accessibility of highly skilled labor.
The West, Southeast and Mid-Atlantic
The West dominates the industry, with 27.2% of establishments located there. California alone is home to 19.7% of establishments because it is a hub for technology and software developments. As a result, it is easier for companies to not only find the best engineers, but also establish links with other industries and investors that can help operators grow. The Southeast and Mid-Atlantic account for 16.3% and 15.0% of industry establishments... purchase to read more