USA Truck Parts Market

Topic

USA Truck Parts Market

Instructions 

I need you to write a report about truck parts industry in the USA. It should be around 3-4 pages, need a little research on the internet.

– How is the truck parts market in the USA?

– Which truck brands are most selling?

Answer Preview

The heavy-duty truck parts market in the US has been growing impressively for the last decade, recording an annual average growth of 3.7% for the period spanning 2010 and 2015 (IBISWorld, 2016).  The industry is projected to continue growing. This growth is attributed to the fact that the improvements of the economy caused an increase in demand for truck transportation, thereby translating to more demand for truck parts (Fleet Equipment Magazine, 2016). 2015 market estimates by IBIS World (2015) showed that the total industry revenue was $23 billion.

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