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National Truck Equipment Association Releases Application Market Survey Report

April 16, 2003

As a provider of market data and research to the commercial truck and transportation equipment industry, the National Truck Equipment Association (NTEA) has announced the release of Parts One and Two of its Application Market Survey Report. Results include the business activity and application market subtotals categorized by manufacturing and distribution functions. “Results of this survey will help truck equipment manufacturers and distributors understand the potential for their products in various markets,” said NTEA’s Market Data and Research Director Steve Latin-Kasper. “In addition, the results show the relative importance of those markets to each other.”In total, the company says 90 NTEA members participated in the survey (34 distributors and 56 manufacturers), reporting more than $1.5 billion of product shipments. Participants were asked to classify themselves by business activity, and report the dollar value shipped to their top 20 application markets (as categorized in a list of approximately 150). Truck body manufacturers reported 53.9 percent of the manufacturer total. Manufacturers of complete vehicles produced on purchased chassis and truck equipment manufacturers each accounted for 22.6 percent of the manufacturer total. Buses represent the majority of the complete vehicles reported. For distributors, truck bodies accounted for 45.3 percent of reported sales, and truck equipment accounted for 52.4 percent. According to the company, the survey determined that for distributors, the top five application markets were construction; government; waste management and remediation services; utilities; and retail trade, respectively. In total those five application markets accounted for 82 percent of distributor sales in 2002. For manufacturers, the top five application markets were transportation and warehousing; construction; rental and leasing; government; and manufacturing, respectively. These top five markets accounted for 71 percent of the manufacturer total.The results from Parts One and Two of NTEA’s Application Market Survey are available for $50 NTEA members; $100 nonmembers. To underscore the value of participating in NTEA surveys, until March 2004, only survey participants will have access to Parts Three and Four of the survey. These results include the detailed breakdown for each business activity by each application market. In March 2004, the complete report will be made available to nonparticipants for $500 NTEA members; $1,000 nonmembers.To order a copy of the Application Market Survey Report, call 1-800-441-NTEA; e-mail [email protected]; or visit www.ntea.com (click on “Products and Services”). The NTEA was established in 1964 and currently represents nearly 1,600 companies that manufacture, distribute, install, sell and repair commercial trucks, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to the Association. The NTEA says it provides technical information, education and money-saving opportunities through its member programs, publications, services and sponsorship of The Work Truck Show® — the only event dedicated exclusively to the Class 1 through 8 commercial truck and transportation equipment market. The Association maintains its administrative headquarters in suburban Detroit and a government relations office in Washington, DC. Its Web site, www.ntea.com, provides an interactive listing of members and their products/services as well as important industry news and resources. For more information about the NTEA, call 1-800-441-NTEA (6832) or (248) 489-7090.
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