Automotive Electrical Component Manufacturing in Australia - Industry Market Research Report

Automotive Electrical Component Manufacturing in Australia - Industry Market Research Report

Automotive Electrical Component Manufacturing in Australia

Businesses in the Automotive Electrical Component Manufacturing industry have faced mixed operating conditions. Revenue grew strongly over the three years through 2021-22 as manufacturers benefited from a depreciating Australian dollar and falling new vehicle sales. These trends restricted import growth and supported demand from the aftermarket. Demand from motor vehicle manufacturers has fallen as local passenger vehicle manufacturing has ended. But industry manufacturers have restructured their Australian operations owing to global automotive supply chain shifts. Overall, revenue has been growing at an annualised 6.7% over the five years through 2023-24 and is expected to total $2.6 billion in 2023-24, when revenue will jump by an estimated 2.0%.

Industry operators primarily manufacture automotive electrical components, such as air conditioners and demisters. Operators supply components to both motor vehicle manufacturers and the aftermarket. Automotive battery manufacturing is excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."