Construction tops truck market

The National Truck Equipment Association (NTEA) released its Application Market Survey report on April 16. Results include the business activity and application market subtotals categorized by manufacturing and distribution functions.

In total, 90 NTEA members participated in the survey (34 distributors and 56 manufacturers) reporting more than $1.5 billion of product shipments.

The survery determined that for distributors, the top five application markets were construction; government; waste management and remediation services; utilities; and retail trade. These five markets accounted for 82% of distributor sales in 2002.

For manufacturers, the top five application markets were transportation and warehousing; construction; rental and leasing; government; and manufacturing. These top five markets accounted for 71% of the manufacturer total.

Truck body manufacturers reported 53.9% of the total sales by manufacturers. Manufacturers of complete vehicles produced on purchased chassis and truck equipment manufacturers each accounted for 22.6% of the manufacturer sales total. Buses represent the majority of the complete vehicles reported. For distributors, truck bodies accounted for 45.3% of reported sales, and truck equipment accounted for 52.4%.