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Australia Automotive Market Size, Share, Growth, Analysis: By Vehicle Type: Passenger Cars, Commercial Vehicles; By Engine Type: Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Mild Hybrid Vehicle, Natural Gas Vehicle, Fuel Cell Electric Vehicle, Diesel Vehicle; Regional Analysis; Competitive Landscape; 2024-2032
Australia Automotive Market Outlook
The Australia automotive market is expected to grow at a CAGR of 5.9% between 2024 and 2032.
Key Takeaways:
- The Australian aftermarket for replacement parts and accessories is valued at approximately USD 9.2 billion, with local manufacturers and imported aftermarket parts sharing this market evenly.
- According to estimates from the Australian Automotive Aftermarket Association (AAAA), annual exports of aftermarket parts from Australia amount to around USD 1.85 billion. In 2021, U.S. auto parts exports to Australia reached a value of USD 1.85 billion. China stands as the primary source of auto parts imports into Australia, followed by the United States, Japan, Thailand, Germany, and Korea.
Australia is a key market for U.S. auto parts exports, ranking ninth globally. The market is relatively accessible for U.S. companies, with all vehicles being imported. The aftermarket for replacement parts and accessories is valued at approximately USD 9.2 billion, evenly split between local production and imports.
Annual Australian exports of aftermarket parts are estimated at USD 1.85 billion, with U.S. auto parts exports to Australia reaching USD 1.85 billion in 2021. China is the largest source of auto parts imports, followed by the U.S., Japan, Thailand, Germany, and Korea.
The performance market in Australia encompasses several segments. Firstly, there's a demand for performance and aftermarket parts for various vehicle brands, including Ford, European brands like Audi and Porsche, as well as Japanese manufacturers like Toyota and Honda. Performance parts are also sought after for locally-manufactured vehicles such as the Ford Commodore and GM Holden Falcon while driving the Australia automotive market growth.
Another segment is supplying parts to the motorsport industry, covering drag racing, circuit racing, off-road racing, and powerboat racing. The off-road market is particularly promising, driven by the vast outback terrain and the popularity of light trucks like Toyota Hilux and Ford Ranger. Popular accessories include upgraded suspension components, bull bars, roof racks, and lighting upgrades.
U.S. manufacturers are well-regarded in Australia for producing high-quality auto aftermarket and specialty products. Key opportunities for U.S. manufacturers in the Australian market include supplying aftermarket performance parts, off-road accessories, repair tools, and consumables.
Exporting automotive products to Australia involves minimal barriers under the Australia-U.S. Free Trade Agreement, provided products meet the minimum 51% U.S. content requirement. Compliance with Australian Design Rules (ADRs) is essential, sometimes necessitating modifications to meet local standards.
The automotive market in Australia, although now entirely import-driven, remains a significant contributor to the economy, employment, and community development, with a vast network of dealers and service providers supporting the industry.
Market Segmentation
Australia Automotive Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market Breakup by Engine Type
- Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Mild Hybrid Vehicle
- Natural Gas Vehicle
- Fuel Cell Electric Vehicle
- Diesel Vehicle
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the market offer products and services through imports and as well as mergers and acquisitions in the market.
- Volkswagen Group Australia Pty Ltd
- Hyundai Motor Company Australia Pty Limited
- Ford Motor Company of Australia Pty Limited
- Toyota Motor Corporation Australia Limited
- Volvo Car Australia Pty Ltd
- RVDA Pty Ltd
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Engine Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Automotive Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Automotive Historical Market (2018-2023)
8.3 Asia Pacific Automotive Market Forecast (2024-2032)
9 Australia Automotive Market Overview
9.1 Key Industry Highlights
9.2 Australia Automotive Market Historical Market (2018-2023)
9.3 Australia Automotive Market Forecast (2024-2032)
10 Australia Automotive Market by Vehicle Type
10.1 Passenger Cars
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Commercial Vehicles
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Automotive Market by Engine Type
11.1 Electric Vehicle
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Hybrid Electric Vehicle
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plug-in Hybrid Electric Vehicle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Mild Hybrid Vehicle
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Natural Gas Vehicle
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Fuel Cell Electric Vehicle
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Diesel Vehicle
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
12 Australia Automotive Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Volkswagen Group Australia Pty Ltd
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Hyundai Motor Company Australia Pty Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Ford Motor Company of Australia Pty Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Toyota Motor Corporation Australia Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Volvo Car Australia Pty Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 RVDA Pty Ltd
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Automotive Market: Key Industry Highlights, 2018 and 2032
2. Australia Automotive Market: Key Industry Highlights, 2018 and 2032
3. Australia Automotive Market Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
4. Australia Automotive Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
5. Australia Automotive Market Historical Market: Breakup by Engine Type (USD Billion), 2018-2023
6. Australia Automotive Market Forecast: Breakup by Engine Type (USD Billion), 2024-2032
7. Australia Automotive Market Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Australia Automotive Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Australia Automotive Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.9% between 2024 and 2032.
The market is categorised according to its vehicle type, which includes passenger cars, and commercial vehicles.
The key market players are Volkswagen Group Australia Pty Ltd, Hyundai Motor Company Australia Pty Limited, Ford Motor Company of Australia Pty Limited, Toyota Motor Corporation Australia Limited, Volvo Car Australia Pty Ltd, RVDA Pty Ltd, and others.
The market is driven by factors that include increasing demand for EVs, technological advancements in the automotive sector, and new product launches, among others.
The market is categorised according to its engine type, which includes electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, mild hybrid vehicle, natural gas vehicle, fuel cell electric vehicle, and diesel vehicle.
Japan leads with a dominant share of 34%, amounting to USD 8.53 billion, followed by China with a 17.7% share totalling USD 4.42 billion, and Korea with a 13.2% share equating to USD 3.31 billion.
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