First Research US Industry Profile

View Sample
Truck & Bus Manufacturing
SIC Codes: 3711
NAICS Codes: 336120
Last Quarterly Update: 4/22/2019
Companies in this industry manufacture medium and heavy-duty trucks, as well as buses. Major companies include Navistar International and PACCAR (both based in the US), along with China FAW Group and Dongfeng Motor (China), Daimler (Germany), Tata Motors (India), and Volvo (Sweden). The industry includes companies that manufacture and assemble complete vehicles and companies that supply vehicle chassis to assembly plants.
Globally, the leading countries for heavy truck and bus manufacturing include China, Germany, India, Sweden, and the US. Commercial truck manufacturers in emerging markets are growing much faster than their more established competitors in North America and Western Europe.
The US heavy truck and bus manufacturing industry includes about 70 companies with combined annual revenue of about $28 billion. This industry does not include makers of light trucks, which are covered in the Automobile Manufacturing industry profile.
Competitive Landscape
Heavy truck demand is driven by growth in the agriculture, manufacturing, construction, and retail sectors. Bus demand is driven by growth in the number of school-aged children and investment in public transportation systems. The profitability of individual companies depends on volume and sales of high-margin options. Large companies enjoy economies of scale in purchasing. Small manufacturers can compete by offering highly customized products. The US industry is highly concentrated: the top 20 companies account for about 95% of revenue.
Companies in the industry compete with makers of transportation equipment such as trains and planes, which also move freight and people over long distances. New trucks and buses face competition from reconditioned and used vehicles, since equipment may have a useful life in excess of 1 million miles.
Mexico and Canada, where many US truck makers have manufacturing facilities, are the leading sources of truck and bus imports. Canada is the industry's primary export market.
Products, Operations & Technology
Trucks and buses can be classified by gross vehicle weight rating (GVWR), a measure of the total allowable weight of a vehicle when fully loaded. Generally ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

01/21/2019
10/08/2018
07/09/2018
04/09/2018
01/08/2018
10/02/2017
07/10/2017
04/10/2017
01/09/2017
10/03/2016
06/20/2016
03/14/2016
12/07/2015
08/31/2015
06/01/2015
03/02/2015
12/01/2014
09/08/2014
06/16/2014
03/24/2014
12/16/2013
09/23/2013
06/17/2013
03/25/2013
12/10/2012
09/17/2012
07/02/2012
04/09/2012
12/19/2011
09/26/2011
06/20/2011
03/14/2011
11/22/2010
08/30/2010
05/24/2010
03/01/2010