Truck Repair in the US - Industry Market Research Report

Truck Repair in the US - Industry Market Research Report

  • March 2021 •
  • 33 pages •
  • Report ID: 5841642 •
  • Format: PDF
Tune up: Positive demand trends will likely continue to drive moderate industry growth

Abstract

Truck Repair

The Truck Repair industry exhibits a low level of market share concentration, with the largest players, HDA Truck Pride and Fleet Services International Ltd. generating less than 5.0% of market share. Operators in this industry aftermarket repair services and products for medium and heavy-duty trucks, including maintenance, repair, parts, accessories, chemicals and fluids for trucks after their initial sale.

Industry driven by small operators with low market share

• The Truck Repair industry does not participate in any significant merger and acquisition activity, rather this occurs in its parent industry, Auto Mechanics (IBISWorld report 81111). Although industry concentration has grown slightly over the past five years, this is the result of some franchises and large independent operators winning large contracts and streamlining their services, as well as large truck dealerships and parts distributors, which have ramped up their service offerings over the past five years. Some industry operators have been successful by expanding to new locations, enabling them to service a wider geographical area.

Specialized knowledge drives internal competition
• In addition to the industry’s high level of external competition, it also experiences intense internal competition. Since there are no substitutes to truck repair services, industry operators compete with one another. Most importantly, advanced understanding of trucks and access to parts provides operators with a competitive advantage over smaller, family-run establishments. Additionally, due to the fragmented nature of the industry, operators compete on the basis of price, quality of service and location.

This industry provides aftermarket repair services and products for medium-size 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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