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          1. Truck & Bus Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/6/2020
            SIC Codes: 3711
            NAICS Codes: 336120
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Truck & Bus Manufacturing Industry Profile

            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 faster than their more established competitors in North America and Western Europe.

            The US heavy truck and bus manufacturing industry includes about 70 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $30 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 more than 95% of revenue.

            Companies in the industry compete with makers ...

             
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