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

IBISWorld’s industry research report on Truck Repair contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
Annual Growth

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

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    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...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry Investment Chapter

    Similar to the overall automobile repair and maintenance sector, the Truck Repair industry is characterized by a low level of capital intensity. In 2017, for every dollar spent on labor, industry operators are expected to spend $0.05 on capital investments. Truck repair shops have to invest in diagnostic and repair tools, computers and other complex technology, especially as more computer components are incorporated into trucks. Nevertheless, wage and labor-associated expenses account for bulk of industry costs, because skilled truck repair and maintenance technicians are needed at all stages of the repair process. Dur..

    shopping_cartBUY NOW 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_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Truck Repair Industry
  • 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
    Jargon & Glossary
  • 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.
  • Why buy this report?

    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.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.