Trucking along: An increase in demand from truck transportation will propel industry growth

The Heavy Duty Truck Parts Dealers industry has experienced strong growth over the five years to 2017. Industry revenue has benefited from increased demand for truck transportation due to overall economic improvements. As demand for new trucks rose and the use of existing national truck fleet grew, both truck manufacturers and truck repair and maintenance service providers increased demand for heavy duty truck parts, supporting industry growth. The Heavy Duty Truck Parts Dealers industry is expected to continue to perform well over the five years to 2022, as truck transportation industries continue to grow. However, the potential improvement of US rail infrastructure threatens to reduce industry demand...purchase to read more.

Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 12-17
1.4%
Forecast Growth 17-22
Profit
Employment
19,464
Businesses
1,699
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Demand for heavy duty truck parts is ultimately dependent on the performance of truck transportation industries
  • Increased environmental regulations often require truck parts replacements
  • Demand for heavy duty truck parts is expected to remain positive
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Heavy Duty Truck Parts Dealers industry are moderate. Industry operators require wholesaling licenses to operate, yet licensing requirements are not significant enough to prevent new companies from entering the industry. The industry is highly fragmented, with the largest four industry operators expected to account for less than 5.0% of industry revenue in 2017. The large number of small operators in this industry drives substantial price competition as wholesalers compete to marginally improve market share. Aside from original equipment manufacturers, the majority of this competition is local; new entrants must be able to establish a positive reputation with local downstream customers to secure potential contracts and guarantee a stable stream of revenue...purchase to read more.

    Additional Insights for the Heavy Duty Truck Parts Dealers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heavy Duty Truck Parts Dealers Industry are

  • Upstream vertical integration (ownership links)
  • Ability to control stock on hand
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Demand from truck transportation and Demand from truck and bus manufacturing in the Heavy Duty Truck Parts Dealers industry impact industry performance..

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    What's in this report

    What is the Heavy Duty Truck Parts Dealers Industry?

    Operators in this industry primarily engage in the merchant wholesale distribution of truck parts and supplies for heavy duty and commercial trucks. Products include engine parts, differentials, transmissions, suspensions and cabs. New tires and tubes are excluded.

    Industry Products
  • Mechanical parts
  • Exterior and structural parts
  • Electronics
  • Industry Activities
  • Wholesaling engine parts
  • Wholesaling differentials
  • Wholesaling transmissions
  • Wholesaling suspensions
  • Wholesaling cabs
  • 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
  • Demand from truck and bus manufacturing
  • Average age of vehicle fleet
  • Regulation for the Automotive sector
  • World price of steel

  • Current Performance
  • Growing downstream demand
  • A boost from regulation
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased competition for truck transportation industries
  • Profit
  • Table: Heavy Duty Truck Parts Dealers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heavy Duty Truck Parts Dealers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Truck & Bus Manufacturing
  • Auto Parts Wholesaling
  • Auto Parts Stores
  • Long-Distance Freight Trucking

  • Key Selling Industries
  • Auto Parts Manufacturing
  • Auto Parts Wholesaling
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Mechanical parts
  • Exterior and structural parts
  • Electronics
  • Chart: Heavy Duty Truck Parts Dealers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Truck service providers
  • Truck manufacturers
  • Other
  • Chart: Major Market Segmentation for the Heavy Duty Truck Parts Dealers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent, utilities, marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Heavy Duty Truck Parts Dealers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy Duty Truck Parts Dealers 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 Heavy Duty Truck Parts Dealers 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 Heavy Duty Truck Parts Dealers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Demand from truck transportation (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Heavy-Duty Truck
  • A truck with a gross vehicle weight in excess of 26,000 pounds (i.e. class 7 and 8 trucks).
  • Throughput
  • The quantity or amount of raw material processed within a given time.
  • Wholesale
  • The sale and resale of goods to retailers, commercial customers and other wholesalers.
  • Wholesale Bypass
  • The phenomena by which manufacturers sell their products directly to retailers and other downstream markets, circumventing wholesalers.
  • What Our Customers Say

    Why buy this report?

    The Heavy Duty Truck Parts Dealers industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    This report on Heavy Duty Truck Parts Dealers:
    • 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 Heavy Duty Truck Parts Dealers 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 Heavy Duty Truck Parts Dealers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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