Truck on: Operators will have to adapt to new technologies, hurting profit for smaller companies

Over the five years to 2017, revenue for the Truck Trailer Manufacturing industry is expected to increase at an annualized rate of 4.0% to $10.5 billion. In general, industry performance correlates with activity from the trucking and freight services industries. Data from the American Trucking Associations (ATA) suggests that truck freight tonnage, an ATA index that measures the gross weight of freight transported annually, has increased in line with improving economic conditions. Looking ahead, IBISWorld expects revenue to grow at an annualized rate of 2.3% to $11.7 billion over the five years to 2022. However, this growth will not come without surmounting some potential challenges...purchase to read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
4.0%
Forecast Growth 17-22
Profit
Employment
31,324
Businesses
429

Industry Threats & Opportunities

  • Heavy demand led to rapid production and a remarkable turnaround for the industry
  • Strong downstream demand has encouraged new operators to enter the industry
  • Technological product development will boost demand and spur revenue growth
  • Industry Report - Industry Locations Chapter

    The Truck Trailer Manufacturing industry is geographically concentrated. The Southeast, Plains, Southwest and Great Lakes regions are the four regions with the highest concentration of establishments, accounting for 79.9% of total establishments. Although the industry is geographically concentrated, the industry's major players are primarily headquartered in the Great Lakes regions. This region is only expected to account for 14.6% of industry establishments; however, industry operators prefer the Great Lakes region due to the close proximity to other auto parts suppliers. To this end, Wabash National Corporation is headquartered in Indiana, while Great Dane Limited Partnership is headquartered in Illinois.With 8.5% o...purchase to read more.

    Additional Insights for the Truck Trailer Manufacturing Industry

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

  • Use of most efficient work practices
  • Access to the latest available and most efficient technology and techniques
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as Demand from truck transportation and Freight transportation services index in the Truck Trailer Manufacturing industry impact industry performance..

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    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
  • Freight transportation services index
  • Price of diesel
  • Total trade value
  • Trade-weighted index

  • Current Performance
  • Growth trends
  • Trade activity
  • Volatile steel prices
  • Chart: Revenue Growth

  • Industry Outlook
  • External factors
  • Product development
  • Trade flows
  • Table: Truck Trailer Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Tank & Refrigeration Trucking

  • Key Selling Industries
  • Aluminum Manufacturing
  • Iron & Steel Manufacturing
  • Tire Wholesaling

  • Products & Services
  • Long Distance Freight trailers
  • Short Distance Freight trailers
  • Refrigerated trailers
  • Other
  • Flatbed trailers
  • Chart: Truck Trailer Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Freight operators
  • Other
  • Exports
  • Wholesalers
  • Chart: Major Market Segmentation for the Truck Trailer Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Truck Trailer Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck Trailer Manufacturing Industry

  • Industry Globalization
    Great Dane Limited Partnership, Utility Trailer Manufacturing Company, Wabash National Corporation,
  • Table: Great Dane Limited Partnership - financial performance
  • Table: Utility Trailer Manufacturing Company - financial performance
  • Table: Wabash National Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Truck Trailer 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 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)
  • Total Trade Value (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Box Trailer
  • The most common type of trailer. Also known as a dry van or freight trailer.
  • Palletized
  • Shipments placed on a wooden or plastic pallet, secured with bands and wrapped in plastic.
  • Platform Trailer
  • Platform or flatbed trailers transport oversize cargo that typically does not fit into standard freight trailers.
  • Truck Trailer
  • A trailer that is specifically designed for use on heavy-duty trucks.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Truck Trailer Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Truck Trailer Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 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 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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