DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "South African Trucking: Critical Change Expected 2017 - 2020" report to their offering.
South Africa literally has thousands of trucking companies and operators.
So, how do you distinguish the net worth and importance of sole operators to owners of multinational transportation fleets and of the industry as a whole? After all, these operators provide various levels of valuable services to a critical industry that seems to lack co-ordination.
From a macro-economic and socio-political aspect, trucking influences many parts of the South African economy; from being the link between cities for food and farm products to delivering petroleum and other vital and essential strategic services to many environmental aspects of SA commerce.
Yet the industry has gone through major changes in the past 12 months, being influenced by crippling and still growing competition, rising interest rates, higher diesel and petrol prices and a volatile global market; not forgetting the latest Brexit fiasco. This is in addition to a poorly performing local currency, adding margin pressures to an industry already under strain from falling demand for commodities.
For trucking involved in commodities, last year's dramatic fall in the oil price sent coal, iron ore and other commodities in a downward spin, leaving many trucking operators wondering if they could bear any more economic and financial pressures, resulting in numerous contracts being cancelled on the back of such economic woes.
Changes outlined in this report include:
- Industry mergers and acquisitions expected to take place.
- Consolidation across all sectors of trucking.
- Subcontracting a growing trend.
- Improved technology to be used to monitor market efficiency.
Key Topics Covered:
1. Market Definition
2. Trucking Scenario: Historic Perspective
3. South African Trucks: Competitive Landscape
4. Latest Trends: Vehicle Manufacturing Industry
5. Scenarios For The Future
For more information about this report visit http://www.researchandmarkets.com/research/fjv67b/south_african