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

Operators in the Truck and Bus Manufacturing industry experienced volatile swings over the past five years. Truck and bus manufacturers experienced heightened demand for their products as the economy improved in response to higher trade and freight volumes. Additionally, the Environmental Protection Agency (EPA) enacted a second phase of emissions standards in 2017. As a result, truck manufacturers experienced increased demand for vehicles that are compliant with these standards. The next five years are expected to be brighter for the industry. Strengthening global growth will likely lead to higher trade and freight volumes and, in turn, increased demand for trucks to carry goods, creating greater demand for new truck purchases...read more.

Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 12-17
-2.6%
Forecast Growth 17-22
Profit
Employment
29,147
Businesses
83
What Our Customers Say

Industry Threats & Opportunities

  • Over the past five years, many players have expanded internationally, with a particular focus on Asian and South American markets
  • Although volatile fuel prices are spurring technological change, they also benefit operators
  • The improving economy will boost freight demand, supporting industry growth
  • Industry Report - Industry Products Chapter

    Trucks and buses manufactured within this industry are used for commercial purposes. The distinction between light and heavy trucks is in some instances blurry because companies such as GM and Ford manufacture big pick-up trucks that are sold to private individuals. These pick-up trucks are not included within the Truck and Bus Manufacturing industry.TrucksMost trucks within this industry are used for freight purposes. There are various types of classifications for trucks in the United States, but the general consensus comes from the US Vehicle Inventory and Use Survey, conducted by the Department of Transport. The classification ranges from Class 1 to Class 8, with Classes 4 to 8 being the most relevant for this industry. Tru...purchase to read more.

    Additional Insights for the Truck & Bus Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Truck & Bus Manufacturing Industry are

  • Effective cost controls
  • Establishment of export markets
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Demand from truck transportation and Trade-weighted index in the Truck & Bus Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    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 trucks
  • Trucks for Classes 4 to 7
  • Class 8 trucks
  • Buses and firefighting vehicles
  • Industry Activities
  • Manufacturing heavy-duty truck chassis
  • Assembling complete heavy-duty trucks
  • Assembling complete buses
  • Assembling heavy-duty motor vehicles for highway use
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from truck transportation
  • Trade-weighted index
  • Regulation for the Truck and Bus Manufacturing industry
  • Average age of vehicle fleet
  • Industrial production index

  • Current Performance
  • Early positive trends
  • Environmental Protection Agency (EPA) initiatives
  • NAFTA’s role in international trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Turning around
  • Trade continues upward
  • A new lease on life
  • Table: Truck & Bus Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Truck & Bus Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Local Specialized Freight Trucking
  • Tank & Refrigeration Trucking
  • Scheduled and Charter Bus Services
  • Justice, Public Order and Safety Activities

  • Key Selling Industries
  • Auto Parts Wholesaling
  • Automobile Brakes Manufacturing
  • Automobile Electronics Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Automobile Interior Manufacturing
  • Automobile Metal Stamping
  • Automobile Steering & Suspension Manufacturing
  • Automobile Transmission Manufacturing
  • Tire Wholesaling
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Class 8 trucks
  • Trucks for Classes 4 to 7
  • Buses and firefighting vehicles
  • Special-purpose trucks
  • Chart: Truck & Bus Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Short-freight truckers
  • Long-freight truckers
  • School bus operators
  • Waste-collection companies, government and other markets
  • Other bus operators
  • Chart: Major Market Segmentation for the Truck & Bus Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Truck & Bus Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck & Bus Manufacturing Industry

  • Industry Globalization
    Daimler AGPACCAR Inc.Volvo AB Class BNavistar International Corp.New Flyer Industries Inc.
  • Table: Daimler AG - financial performance
  • Table: PACCAR Inc. - financial performance
  • Table: Volvo AB Class B - financial performance
  • Table: Navistar International Corp. - financial performance
  • Table: New Flyer Industries Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Truck & Bus Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Truck & Bus Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Heavy Truck Production (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Class 6 Trucks
  • Trucks with a gross vehicle weight rating between 19,501 and 26,000 pounds
  • Class 7 Trucks
  • Trucks with a gross vehicle weight rating between 26,001 and 33,000 pounds.
  • Class 8 Trucks
  • Trucks with a gross vehicle weight rating above 33,000 pounds.
  • Environmental Protection Agency (Epa)
  • A federal agency that monitors and sets guidelines for procedures and substances that may have environmental consequences.
  • Gross Vehicle Weight Rating (Gvwr)
  • A measure of the allowable weight of a truck, including its trailer and cargo.
  • Heavy Trucks
  • Trucks categorized as either Class 6, 7 or 8.
  • Prebuy Activity
  • Purchases in excess of current demand, usually in anticipation of regulatory-related price increases.
  • Why buy this report?

    The Truck & Bus Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Truck & Bus Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Truck & Bus Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Truck & Bus Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear