Australia Luxury Car Market 2023-2027

Luxury Car Market in Australia 2023-2027

Technavio has been monitoring the luxury car market in Australia and is forecast to grow by 30,298.94 actual units during 2022-2027, accelerating at a CAGR of 5.28% during the forecast period. Our report on the luxury car market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the integration of advanced technologies in luxury cars, the rising number of high-net-worth individuals, and an increasing preference for safety and comfort.

Technavio's luxury car market is segmented as below:

This study identifies the growing adoption of luxury EVs as one of the prime reasons driving the luxury car market growth during the next few years. Also, increasing technological updates in luxury cars to beat the competition and the increase in popularity of coach-built luxury cars will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the luxury car market covers the following areas:

  • Luxury car market sizing
  • Luxury car market forecast
  • Luxury car market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury car market vendors that include Aston Martin Lagonda Ltd., Bayerische Motoren Werke AG, FCA Italy S.p.A, Ferrari spa, Ford Motor Co., GAZ International LLC, General Motors Co., Isuzu Motors Ltd., Mazda Motor Corp., McLaren Group Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Porsche Automobil Holding SE, Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Hyundai Motor Group. Also, the luxury car market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Propulsion
Exhibit 05: Executive Summary - Chart on Market Segmentation by Vehicle Type
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on Australia - Market size and forecast 2022-2027 (actual units)
Exhibit 12: Data Table on Australia - Market size and forecast 2022-2027 (actual units)
Exhibit 13: Chart on Australia: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on Australia: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Luxury car market in Australia 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on Luxury car market in Australia 2017 - 2021 (actual units)
4.2 Propulsion Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Propulsion Segment 2017 - 2021 (actual units)
4.3 Vehicle Type Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Vehicle Type Segment 2017 - 2021 (actual units)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Propulsion
6.1 Market segments
Exhibit 25: Chart on Propulsion - Market share 2022-2027 (%)
Exhibit 26: Data Table on Propulsion - Market share 2022-2027 (%)
6.2 Comparison by Propulsion
Exhibit 27: Chart on Comparison by Propulsion
Exhibit 28: Data Table on Comparison by Propulsion
6.3 IC engine-based vehicles - Market size and forecast 2022-2027
Exhibit 29: Chart on IC engine-based vehicles- Market size and forecast 2022-2027 (actual units)
Exhibit 30: Data Table on IC engine-based vehicles- Market size and forecast 2022-2027 (actual units)
Exhibit 31: Chart on IC engine-based vehicles- Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on IC engine-based vehicles- Year-over-year growth 2022-2027 (%)
6.4 Electric vehicles - Market size and forecast 2022-2027
Exhibit 33: Chart on Electric vehicles- Market size and forecast 2022-2027 (actual units)
Exhibit 34: Data Table on Electric vehicles- Market size and forecast 2022-2027 (actual units)
Exhibit 35: Chart on Electric vehicles- Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Electric vehicles- Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Propulsion
Exhibit 37: Market opportunity by Propulsion (actual units)
Exhibit 38: Data Table on Market opportunity by Propulsion (actual units)
7 Market Segmentation by Vehicle Type
7.1 Market segments
Exhibit 39: Chart on Vehicle Type - Market share 2022-2027 (%)
Exhibit 40: Data Table on Vehicle Type - Market share 2022-2027 (%)
7.2 Comparison by Vehicle Type
Exhibit 41: Chart on Comparison by Vehicle Type
Exhibit 42: Data Table on Comparison by Vehicle Type
7.3 SUV - Market size and forecast 2022-2027
Exhibit 43: Chart on SUV- Market size and forecast 2022-2027 (actual units)
Exhibit 44: Data Table on SUV- Market size and forecast 2022-2027 (actual units)
Exhibit 45: Chart on SUV- Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on SUV- Year-over-year growth 2022-2027 (%)
7.4 Others - Market size and forecast 2022-2027
Exhibit 47: Chart on Others- Market size and forecast 2022-2027 (actual units)
Exhibit 48: Data Table on Others- Market size and forecast 2022-2027 (actual units)
Exhibit 49: Chart on Others- Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Others- Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Vehicle Type
Exhibit 51: Market opportunity by Vehicle Type (actual units)
Exhibit 52: Data Table on Market opportunity by Vehicle Type (actual units)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 54: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 56: Overview on factors of disruption
10.4 Industry risks
Exhibit 57: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 58: Vendors covered
11.2 Market positioning of vendors
Exhibit 59: Matrix on vendor position and classification
11.3 Aston Martin Lagonda Ltd.
Exhibit 60: Aston Martin Lagonda Ltd. - Overview
Exhibit 61: Aston Martin Lagonda Ltd. - Product / Service
Exhibit 62: Aston Martin Lagonda Ltd. - Key offerings
11.4 Bayerische Motoren Werke AG
Exhibit 63: Bayerische Motoren Werke AG - Overview
Exhibit 64: Bayerische Motoren Werke AG - Business segments
Exhibit 65: Bayerische Motoren Werke AG - Key news
Exhibit 66: Bayerische Motoren Werke AG - Key offerings
Exhibit 67: Bayerische Motoren Werke AG - Segment focus
11.5 FCA Italy S.p.A
Exhibit 68: FCA Italy S.p.A - Overview
Exhibit 69: FCA Italy S.p.A - Product / Service
Exhibit 70: FCA Italy S.p.A - Key offerings
11.6 Ferrari spa
Exhibit 71: Ferrari spa - Overview
Exhibit 72: Ferrari spa - Business segments
Exhibit 73: Ferrari spa - Key offerings
Exhibit 74: Ferrari spa - Segment focus
11.7 Hyundai Motor Group
Exhibit 75: Hyundai Motor Group - Overview
Exhibit 76: Hyundai Motor Group - Business segments
Exhibit 77: Hyundai Motor Group - Key offerings
Exhibit 78: Hyundai Motor Group - Segment focus
11.8 Mazda Motor Corp.
Exhibit 79: Mazda Motor Corp. - Overview
Exhibit 80: Mazda Motor Corp. - Business segments
Exhibit 81: Mazda Motor Corp. - Key offerings
Exhibit 82: Mazda Motor Corp. - Segment focus
11.9 Mercedes Benz Group AG
Exhibit 83: Mercedes Benz Group AG - Overview
Exhibit 84: Mercedes Benz Group AG - Business segments
Exhibit 85: Mercedes Benz Group AG - Key offerings
Exhibit 86: Mercedes Benz Group AG - Segment focus
11.10 Mitsubishi Motors Corp.
Exhibit 87: Mitsubishi Motors Corp. - Overview
Exhibit 88: Mitsubishi Motors Corp. - Business segments
Exhibit 89: Mitsubishi Motors Corp. - Key offerings
Exhibit 90: Mitsubishi Motors Corp. - Segment focus
11.11 Porsche Automobil Holding SE
Exhibit 91: Porsche Automobil Holding SE - Overview
Exhibit 92: Porsche Automobil Holding SE - Business segments
Exhibit 93: Porsche Automobil Holding SE - Key offerings
Exhibit 94: Porsche Automobil Holding SE - Segment focus
11.12 Renault SAS
Exhibit 95: Renault SAS - Overview
Exhibit 96: Renault SAS - Product / Service
Exhibit 97: Renault SAS - Key offerings
11.13 SAIC Motor Corp. Ltd.
Exhibit 98: SAIC Motor Corp. Ltd. - Overview
Exhibit 99: SAIC Motor Corp. Ltd. - Business segments
Exhibit 100: SAIC Motor Corp. Ltd. - Key news
Exhibit 101: SAIC Motor Corp. Ltd. - Key offerings
Exhibit 102: SAIC Motor Corp. Ltd. - Segment focus
11.14 Stellantis NV
Exhibit 103: Stellantis NV - Overview
Exhibit 104: Stellantis NV - Business segments
Exhibit 105: Stellantis NV - Key news
Exhibit 106: Stellantis NV - Key offerings
Exhibit 107: Stellantis NV - Segment focus
11.15 Tata Motors Ltd.
Exhibit 108: Tata Motors Ltd. - Overview
Exhibit 109: Tata Motors Ltd. - Business segments
Exhibit 110: Tata Motors Ltd. - Key news
Exhibit 111: Tata Motors Ltd. - Key offerings
Exhibit 112: Tata Motors Ltd. - Segment focus
11.16 Tesla Inc.
Exhibit 113: Tesla Inc. - Overview
Exhibit 114: Tesla Inc. - Business segments
Exhibit 115: Tesla Inc. - Key news
Exhibit 116: Tesla Inc. - Key offerings
Exhibit 117: Tesla Inc. - Segment focus
11.17 Toyota Motor Corp.
Exhibit 118: Toyota Motor Corp. - Overview
Exhibit 119: Toyota Motor Corp. - Business segments
Exhibit 120: Toyota Motor Corp. - Key offerings
Exhibit 121: Toyota Motor Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 122: Inclusions checklist
Exhibit 123: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 124: Currency conversion rates for US$
12.4 Research methodology
Exhibit 125: Research methodology
Exhibit 126: Validation techniques employed for market sizing
Exhibit 127: Information sources
12.5 List of abbreviations
Exhibit 128: List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Propulsion
Exhibits5: Executive Summary - Chart on Market Segmentation by Vehicle Type
Exhibits6: Executive Summary - Chart on Vendor Market Positioning
Exhibits7: Parent market
Exhibits8: Market Characteristics
Exhibits9: Offerings of vendors included in the market definition
Exhibits10: Market segments
Exhibits11: Chart on Australia - Market size and forecast 2022-2027 (actual units)
Exhibits12: Data Table on Australia - Market size and forecast 2022-2027 (actual units)
Exhibits13: Chart on Australia: Year-over-year growth 2022-2027 (%)
Exhibits14: Data Table on Australia: Year-over-year growth 2022-2027 (%)
Exhibits15: Historic Market Size - Data Table on Luxury car market in Australia 2017 - 2021 (actual units)
Exhibits16: Historic Market Size - Propulsion Segment 2017 - 2021 (actual units)
Exhibits17: Historic Market Size - Vehicle Type Segment 2017 - 2021 (actual units)
Exhibits18: Five forces analysis - Comparison between 2022 and 2027
Exhibits19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits24: Chart on Market condition - Five forces 2022 and 2027
Exhibits25: Chart on Propulsion - Market share 2022-2027 (%)
Exhibits26: Data Table on Propulsion - Market share 2022-2027 (%)
Exhibits27: Chart on Comparison by Propulsion
Exhibits28: Data Table on Comparison by Propulsion
Exhibits29: Chart on IC engine-based vehicles- Market size and forecast 2022-2027 (actual units)
Exhibits30: Data Table on IC engine-based vehicles- Market size and forecast 2022-2027 (actual units)
Exhibits31: Chart on IC engine-based vehicles- Year-over-year growth 2022-2027 (%)
Exhibits32: Data Table on IC engine-based vehicles- Year-over-year growth 2022-2027 (%)
Exhibits33: Chart on Electric vehicles- Market size and forecast 2022-2027 (actual units)
Exhibits34: Data Table on Electric vehicles- Market size and forecast 2022-2027 (actual units)
Exhibits35: Chart on Electric vehicles- Year-over-year growth 2022-2027 (%)
Exhibits36: Data Table on Electric vehicles- Year-over-year growth 2022-2027 (%)
Exhibits37: Market opportunity by Propulsion (actual units)
Exhibits38: Data Table on Market opportunity by Propulsion (actual units)
Exhibits39: Chart on Vehicle Type - Market share 2022-2027 (%)
Exhibits40: Data Table on Vehicle Type - Market share 2022-2027 (%)
Exhibits41: Chart on Comparison by Vehicle Type
Exhibits42: Data Table on Comparison by Vehicle Type
Exhibits43: Chart on SUV- Market size and forecast 2022-2027 (actual units)
Exhibits44: Data Table on SUV- Market size and forecast 2022-2027 (actual units)
Exhibits45: Chart on SUV- Year-over-year growth 2022-2027 (%)
Exhibits46: Data Table on SUV- Year-over-year growth 2022-2027 (%)
Exhibits47: Chart on Others- Market size and forecast 2022-2027 (actual units)
Exhibits48: Data Table on Others- Market size and forecast 2022-2027 (actual units)
Exhibits49: Chart on Others- Year-over-year growth 2022-2027 (%)
Exhibits50: Data Table on Others- Year-over-year growth 2022-2027 (%)
Exhibits51: Market opportunity by Vehicle Type (actual units)
Exhibits52: Data Table on Market opportunity by Vehicle Type (actual units)
Exhibits53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits54: Impact of drivers and challenges in 2022 and 2027
Exhibits55: Overview on Criticality of inputs and Factors of differentiation
Exhibits56: Overview on factors of disruption
Exhibits57: Impact of key risks on business
Exhibits58: Vendors covered
Exhibits59: Matrix on vendor position and classification
Exhibits60: Aston Martin Lagonda Ltd. - Overview
Exhibits61: Aston Martin Lagonda Ltd. - Product / Service
Exhibits62: Aston Martin Lagonda Ltd. - Key offerings
Exhibits63: Bayerische Motoren Werke AG - Overview
Exhibits64: Bayerische Motoren Werke AG - Business segments
Exhibits65: Bayerische Motoren Werke AG - Key news
Exhibits66: Bayerische Motoren Werke AG - Key offerings
Exhibits67: Bayerische Motoren Werke AG - Segment focus
Exhibits68: FCA Italy S.p.A - Overview
Exhibits69: FCA Italy S.p.A - Product / Service
Exhibits70: FCA Italy S.p.A - Key offerings
Exhibits71: Ferrari spa - Overview
Exhibits72: Ferrari spa - Business segments
Exhibits73: Ferrari spa - Key offerings
Exhibits74: Ferrari spa - Segment focus
Exhibits75: Hyundai Motor Group - Overview
Exhibits76: Hyundai Motor Group - Business segments
Exhibits77: Hyundai Motor Group - Key offerings
Exhibits78: Hyundai Motor Group - Segment focus
Exhibits79: Mazda Motor Corp. - Overview
Exhibits80: Mazda Motor Corp. - Business segments
Exhibits81: Mazda Motor Corp. - Key offerings
Exhibits82: Mazda Motor Corp. - Segment focus
Exhibits83: Mercedes Benz Group AG - Overview
Exhibits84: Mercedes Benz Group AG - Business segments
Exhibits85: Mercedes Benz Group AG - Key offerings
Exhibits86: Mercedes Benz Group AG - Segment focus
Exhibits87: Mitsubishi Motors Corp. - Overview
Exhibits88: Mitsubishi Motors Corp. - Business segments
Exhibits89: Mitsubishi Motors Corp. - Key offerings
Exhibits90: Mitsubishi Motors Corp. - Segment focus
Exhibits91: Porsche Automobil Holding SE - Overview
Exhibits92: Porsche Automobil Holding SE - Business segments
Exhibits93: Porsche Automobil Holding SE - Key offerings
Exhibits94: Porsche Automobil Holding SE - Segment focus
Exhibits95: Renault SAS - Overview
Exhibits96: Renault SAS - Product / Service
Exhibits97: Renault SAS - Key offerings
Exhibits98: SAIC Motor Corp. Ltd. - Overview
Exhibits99: SAIC Motor Corp. Ltd. - Business segments
Exhibits100: SAIC Motor Corp. Ltd. - Key news
Exhibits101: SAIC Motor Corp. Ltd. - Key offerings
Exhibits102: SAIC Motor Corp. Ltd. - Segment focus
Exhibits103: Stellantis NV - Overview
Exhibits104: Stellantis NV - Business segments
Exhibits105: Stellantis NV - Key news
Exhibits106: Stellantis NV - Key offerings
Exhibits107: Stellantis NV - Segment focus
Exhibits108: Tata Motors Ltd. - Overview
Exhibits109: Tata Motors Ltd. - Business segments
Exhibits110: Tata Motors Ltd. - Key news
Exhibits111: Tata Motors Ltd. - Key offerings
Exhibits112: Tata Motors Ltd. - Segment focus
Exhibits113: Tesla Inc. - Overview
Exhibits114: Tesla Inc. - Business segments
Exhibits115: Tesla Inc. - Key news
Exhibits116: Tesla Inc. - Key offerings
Exhibits117: Tesla Inc. - Segment focus
Exhibits118: Toyota Motor Corp. - Overview
Exhibits119: Toyota Motor Corp. - Business segments
Exhibits120: Toyota Motor Corp. - Key offerings
Exhibits121: Toyota Motor Corp. - Segment focus
Exhibits122: Inclusions checklist
Exhibits123: Exclusions checklist
Exhibits124: Currency conversion rates for US$
Exhibits125: Research methodology
Exhibits126: Validation techniques employed for market sizing
Exhibits127: Information sources
Exhibits128: List of abbreviations

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