Motor Vehicle Parts Retailing in Australia - Industry Market Research Report

Motor Vehicle Parts Retailing in Australia - Industry Market Research Report

Motor Vehicle Parts Retailing in Australia

During the COVID-19 pandemic, the retail sector weakened as consumer confidence fell, resulting in job and revenue losses. Even so, the Motor Vehicle Parts Retailing industry sustained consistent demand throughout the pandemic. The pandemic drove household savings to remain high, offsetting weaker consumer sentiment. In turn, many consumers have chosen to repair and maintain their own vehicles instead of replacing them, supporting industry revenue. Revenue is expected to grow by 1.9% in the current year, to $6.7 billion. Overall, industry revenue is anticipated to dip by an annualised 1.3% over the five years through 2022-23. During uncertain economic conditions, consumers tend to purchase parts to maintain existing vehicles rather than financing or outright buying new ones.

Industry operators primarily sell new or used parts and accessories for motor vehicles, motorcycles and scooters. They also sell automotive air conditioning and automotive batteries. The industry excludes installations of air conditioners and car audio systems, and sales of tyres for motor vehicles, motorcycles and scooters.

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.