Motor Vehicle Engine and Parts Repair and Maintenance in Australia - Industry Market Research Report

Motor Vehicle Engine and Parts Repair and Maintenance in Australia - Industry Market Research Report

Motor Vehicle Engine and Parts Repair and Maintenance in Australia

The Motor Vehicle Engine and Parts Repair and Maintenance industry has shrunk because of disrupted trading conditions stemming from the COVID-19 pandemic. The industry tends to have a low level of revenue volatility and the effect on revenue is relatively mild. A steady rise in motor vehicle registrations, decade-long growth in the average age of motor vehicles and scheduled servicing requirements for private and commercial vehicles have stabilised revenue growth. The pandemic introduced volatility by making it more difficult to perform scheduled maintenance and repairs and reducing vehicle use among consumers, causing delays in a steady revenue stream. Revenue is expected to decline at an annualised 0.9% over the five years through 2022-23, to $12.4 billion.

Industry mechanics primarily repair motor vehicle engines and parts, and perform regular vehicle maintenance and servicing. The industry does not include smash repairs and electrical repairs.

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.