Keep on trucking: Aging baby boomers will strengthen RV demand

Operators in the Truck, Trailer and Motor Home Manufacturing industry produce motor vehicle bodies, truck trailers, motor homes and recreational vehicles (RVs). The industry is set to speed forward over the five years to 2017, specifically due to increased demand from truck transportation, greater domestic trips made by US residents and a rising total trade value. As consumers had greater access to credit over the current period, they were more likely to finance big-ticket purchases, such as trucks, trailers and motor homes. As a result, downstream truck, trailer and motor home dealers renewed demand for shipments from industry operators. With the economy continuing to strengthen, industry revenue is expected to increase as credit access and consumer spending gradually improve...purchase to read more.

Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 12-17
6.2%
Forecast Growth 17-22
Profit
Employment
141,047
Businesses
1,970

Industry Threats & Opportunities

  • With the economy continuing to strengthen, industry revenue is expected to increase as credit access gradually improves
  • Operators have increased hiring in light of increased demand
  • Existing industry participants will look to expand operations and increase production capacity
  • Industry Report - Industry Investment Chapter

    The Truck, Trailer, and Motor Home Manufacturing industry is moderately capital-intensive. On average, industry operators invest $0.07 of capital for every dollar of labor. The industry does not use highly automated manufacturing methods since products are differentiated and volumes are low. This lessened automation leaves a larger role for labor in this industry. Workers use electrically and hydraulically powered tools when assembling motor homes, vehicle bodies and trailers; production lines also require large hydraulic lifts and other systems to correctly arrange vehicle components for final assembly. In many cases, motor home and truck trailer manufacturers buy completed components, such as chassis, from automakers to help minimize industry operators' capital investment...purchase to read more.

    Additional Insights for the Truck, Trailer & Motor Home Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Truck, Trailer & Motor Home Manufacturing Industry are

  • Ability to expand or cut operating divisions in line with market conditions
  • Having an extensive distribution network
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Demand from truck transportation and Domestic trips by US residents in the Truck, Trailer & Motor Home Manufacturing industry impact industry performance..

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    What's in this report

    What is the Truck, Trailer & Motor Home Manufacturing Industry?

    Operators in this industry primarily produce motor vehicle bodies and cabs, truck, automobile and utility trailers, truck trailer chassis, detachable trailer bodies and detachable trailer chassis.

    Industry Products
  • Motor vehicle bodies
  • Truck trailers
  • Motor homes
  • Travel trailers and campers
  • Industry Activities
  • Semi-truck trailer
  • Motorized RV and motor home
  • Towable RV
  • 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
  • Domestic trips by US residents
  • Number of adults aged 50 and older
  • Total trade value
  • Trade-weighted index
  • World price of crude oil

  • Current Performance
  • Demand surges off a low base
  • Merging lanes
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Ecofriendly concerns
  • Popularity contest
  • Table: Truck, Trailer & Motor Home Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Truck, Trailer & Motor Home Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Scheduled and Charter Bus Services

  • Key Selling Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing

  • Products & Services
  • Motor vehicle bodies
  • Travel trailers and campers
  • Truck trailers
  • Motor homes
  • Chart: Truck, Trailer & Motor Home Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers
  • Freight operators
  • Exports
  • Chart: Major Market Segmentation for the Truck, Trailer & Motor Home 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, Trailer & Motor Home Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck, Trailer & Motor Home Manufacturing Industry

  • Industry Globalization
    Thor Industries Inc., Berkshire Hathaway Inc.,
  • Table: Thor Industries Inc. - financial performance
  • Table: Berkshire Hathaway Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Truck, Trailer & Motor Home 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, Trailer & Motor Home 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)
  • World Price of Crude Oil (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Dry Van
  • The simplest type of truck trailer, consisting of an empty box mounted on a trailer chassis.
  • Frac Tank
  • A tank used to hold water or a proppant when a well is being fractured.
  • Platform Sharing
  • A product development method where different products and the brand attached share the same materials and designs.
  • Reefer
  • A refrigerated truck trailer used for transporting temperature-sensitive goods.
  • Towable Rv
  • A type of RV that must be attached to a separate vehicle using a trailer hitch.
  • What Our Customers Say

    Why buy this report?

    The Truck, Trailer & Motor Home 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, Trailer & Motor Home 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, Trailer & Motor Home 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, Trailer & Motor Home Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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