Shifting gears: Professional repair services are set to outperform DIY repairs

The Truck Repair industry has kicked into high gear over the past five years as disposable income and freight transportation have steadily improved. As a result, businesses have resumed purchases of new and used trucks, and the repairs associated with these vehicles have increased due to increased use. Additionally, in response to rising consumer confidence, clients are now more likely to request professional truck repair services as opposed to performing do-it-yourself repairs, leading to growing industry revenue over the five years to 2017...purchase to read more.

Industry Statistics & Market Size
Revenue
$37bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
232,611
Businesses
104,049
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strengthening corporate profit and consumer income will boost demand for truck repair and maintenance
  • The cyclical nature of the industry has carried operators toward greater revenue growth
  • Rising demand will provide additional incentive for companies to enter this industry
  • Industry Report - Industry Products Chapter

    RepairsCorrective maintenance, including on-site or roadside assistance, accounts for an estimated 47.8% of the industry's annual revenue. One of the main functions of the repair process is diagnosing and locating the problem so appropriate repairs can then be undertaken. On-site or roadside-assistance service calls are common and involve a mechanic to travel and perform service repairs. This service may or may not require towing the vehicle to a repair shop. Many operators offer emergency services 24 hours a day, seven days a week and have the ability to charge premium rates for service in odd hours. Collision repairs, often involving a full engine rebuild, are included within this segment. Ove...purchase to read more.

    Additional Insights for the Truck Repair Industry

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

  • Proximity to key markets
  • Access to skilled automotive technicians
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Freight transportation services index and Average age of vehicle fleet in the Truck Repair industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Truck Repair Industry?

    This industry provides aftermarket repair services and products for medium and heavy-duty trucks. Aftermarket refers to maintenance, repair, parts, accessories, chemicals and fluids for trucks after their initial sale. This industry excludes repair and maintenance services provided by truck dealers and gas stations.

    Industry Products
  • Servicing and maintenance
  • Engine and other repairs
  • Brake repairs
  • Transmission repairs
  • Engine overhaul and rebuilds
  • Industry Activities
  • Repairing and replacing truck engines
  • Repairing and replacing exhaust systems
  • Repairing and replacing mufflers
  • Repairing and replacing transmissions
  • Repairing and replacing brakes
  • Repairing automotive radiators
  • Repairing onboard computer systems
  • Wheel alignments
  • Frame alignments
  • Performing general automotive repairs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Freight transportation services index
  • Average age of vehicle fleet
  • Price of diesel
  • Total vehicle miles
  • Per capita disposable income

  • Current Performance
  • Steady revenue growth
  • Profitability recovers
  • Chart: Revenue Growth

  • Industry Outlook
  • External competition wanes
  • Technology advances
  • Table: Truck Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Truck Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Wholesale Trade
  • New Car Dealers
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Consumers

  • Key Selling Industries
  • Auto Parts Stores
  • Auto Parts Wholesaling
  • Automobile Engine & Parts Manufacturing
  • Industrial Machinery & Equipment Wholesaling
  • Tire Wholesaling

  • Products & Services
  • Servicing and maintenance
  • Brake repairs
  • Engine and other repairs
  • Transmission repairs
  • Engine overhaul and rebuilds
  • Chart: Truck Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • For-hire carriers
  • Private carriers
  • Government
  • Chart: Major Market Segmentation for the Truck Repair Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck Repair Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Truck Repair 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 Repair Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Average age of vehicle fleet (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Carrier
  • A company that employ truck or bus drivers
  • Clean-Diesel
  • Technology reducing emissions from diesel fuel engines, which are often used in trucks.
  • Flexible-Fuel
  • A term used to describe vehicles that have an internal combustion engine designed to operate on more than one type of fuel.
  • Freight
  • Goods carried by a vessel or vehicle for pay, especially by a commercial carrier.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Truck Repair provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Repair:
    • 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 Repair 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 Repair, 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