Automotive Industry in Australia - Industry Market Research Report

Automotive Industry in Australia - Industry Market Research Report

Automotive Industry in Australia

Local manufacturing downsized on a huge scale between 2016 and 2017, which has some firms to restructure in the intervening period. Before the COVID-19 outbreak, rising demand for smaller, fuel-efficient cars and SUVs supported motor vehicle wholesalers and dealers. Service agents benefited from an increasing number of registered motor vehicles on Australian roads. Yet, fluctuations in consumer sentiment and intermittent lockdowns at the height of the pandemic placed downward pressure on the industry's performance. Overall, industry revenue is expected to decline at an annualised 1.8% over the five years through 2022-23, to $165.8 billion. Profit margins will inch up to an estimated 3.7% in the current year.

The industry comprises motor vehicle manufacturers, wholesalers, retailers, parts suppliers and mechanics that design, research, develop, manufacture, sell and maintain motor vehicles and parts. Motor vehicles encompass passenger vehicles, trucks, buses, motorcycles, and other recreational motorised vehicles.

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."