Truck Dealers in Australia - Industry Market Research Report

Keep on trucking: Economic uncertainty has restricted truck sales amid high purchase costs

Operators in the Truck Dealers industry sell new and used trucks. The industry's activities exclude repair and maintenance services, the sale of truck parts and other aftermarket services. The industry has endured difficult trading conditions over the past five years. Wider negative economic conditions and fluctuating business confidence as a result of the COVID-19 pandemic have deterred some customers from making expensive truck purchases and therefore weighed on industry demand. However, rising demand from road freight transport operators and record low interest rates have limited industry declines. Overall, industry revenue is expected to decline at an annualised 4.2% over the five years through 2022-23, to $4.7 billion. Industry operators sell new and used light-, medium- and heavy-duty trucks. The sale of trucks excludes the sale of truck semitrailers, vans and utility vehicles. The industry’s activities also exclude repair and maintenance services, the sale of truck parts and other aftermarket services. 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.