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Truck & Bus Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck & Bus Manufacturing Market Research Report | NAICS 33612 | Jan 2017

Keep on trucking: Adoption of new fuel-efficient technologies will support industry growth

IBISWorld’s Truck & Bus Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Regulations threaten manufacturers, but fuel-efficient technology will strengthen demand
  • Although volatile fuel prices are spurring technological change, they also benefit operators
  • The improving economy will boost freight demand, supporting industry growth
  • ... purchase to read more

Industry Analysis & Industry Trends

Operators in the Truck and Bus Manufacturing industry experienced volatile swings over the past five years. Truck and bus manufacturers experienced heightened demand for their products as the economy improved in response to higher trade and freight volumes. Additionally, the Environmental Protection Agency (EPA) enacted a final phase of emissions standards in 2010. As a result, truck manufacturers experienced increased demand for vehicles that are compliant with these standards. Nonetheless, demand for new trucks slowed in recent years, as many freight companies released pent-up demand during the first half of the five-year period. The next five years are expected to be brighter for the industry... ... purchase to read more

Industry Report - Industry Locations Chapter

The Truck and Bus Manufacturing industry's operations are primarily located in the Great Lakes, Southeast and West regions. Truck manufacturers are generally located in close proximity to automotive and trade hubs. The Great Lakes and Southeast are home to many automotive manufacturers. Manufacturing in these regions allows heavy truck and bus manufacturers to maintain shorter supply chains because most automotive parts suppliers are located in these regions. The West region is home to the United States' busiest seaports, where many trucks receive imported cargo. Over the past five years, the geographic spread has stayed moderately stable as manufacturers tend not to move away from major trade hubs and automotive supplier clusters.

.. ... purchase to read more

Additional Insights for the Truck & Bus Manufacturing Industry

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

  • Effective cost controls
  • Establishment of export markets
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Demand from truck transportation and Trade-weighted index in the Truck & Bus Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Truck & Bus Manufacturing Industry?

    Companies in this industry manufacture truck and bus chassis and assemble trucks, buses and other specialty heavy-duty vehicles, including ambulances and firefighting trucks. This industry includes heavy trucks used by freight companies but excludes passenger vehicles.

    Industry Products
    Special-purpose trucksTrucks for Classes 4 to 7Class 8 trucksBuses and firefighting vehicles
    Industry Activities
    Manufacturing heavy-duty truck chassisAssembling complete heavy-duty trucksAssembling complete busesAssembling heavy-duty motor vehicles for highway use

    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
  • Demand from truck transportation
  • Trade-weighted index
  • Regulation for the Truck and Bus Manufacturing industry
  • Average age of vehicle fleet
  • Industrial production index
  • Current Performance
  • Early positive trends
  • EPA initiatives
  • NAFTA’s role in international trade
  • Chart: Revenue Growth
  • Industry Outlook
  • Turning around
  • Trade continues upward
  • A new lease on life
  • Table: Truck & Bus Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Truck & Bus Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Local Specialized Freight Trucking
  • Tank & Refrigeration Trucking
  • Scheduled and Charter Bus Services
  • Justice, Public Order and Safety Activities
  • Key Selling Industries
  • Auto Parts Wholesaling
  • Automobile Brakes Manufacturing
  • Automobile Electronics Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Automobile Interior Manufacturing
  • Automobile Metal Stamping
  • Automobile Steering & Suspension Manufacturing
  • Automobile Transmission Manufacturing
  • Tire Wholesaling
  • Truck, Trailer & Motor Home Manufacturing
  • Products & Services
  • Class 8 trucks
  • Trucks for Classes 4 to 7
  • Buses and firefighting vehicles
  • Special-purpose trucks
  • Chart: Truck & Bus Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Short-freight truckers
  • Long-freight truckers
  • School bus operators
  • Waste-collection companies, government and other markets
  • Other bus operators
  • Chart: Major Market Segmentation for the Truck & Bus Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Truck & Bus Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck & Bus Manufacturing Industry
  • Industry Globalization
    Major Companies
    Daimler AG
    PACCAR Inc.
    AB Volvo
    Navistar International Corp.
  • Table: Daimler AG - financial performance
  • Table: PACCAR Inc. - financial performance
  • Table: AB Volvo - financial performance
  • Table: Navistar International Corp. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Truck & Bus Manufacturing 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 & Bus 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)
  • Heavy Truck Production (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Class 6 Trucks
  • Trucks with a gross vehicle weight rating between 19,501 and 26,000 pounds
  • Class 7 Trucks
  • Trucks with a gross vehicle weight rating between 26,001 and 33,000 pounds.
  • Class 8 Trucks
  • Trucks with a gross vehicle weight rating above 33,000 pounds.
  • Environmental Protection Agency (Epa)
  • A federal agency that monitors and sets guidelines for procedures and substances that may have environmental consequences.
  • Gross Vehicle Weight Rating (Gvwr)
  • A measure of the allowable weight of a truck, including its trailer and cargo.
  • Heavy Trucks
  • Trucks categorized as either Class 6, 7 or 8.
  • Prebuy Activity
  • Purchases in excess of current demand, usually in anticipation of regulatory-related price increases.

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

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