Motor Vehicle Parts and Accessories Manufacturing in Australia - Industry Market Research Report
Description
Motor Vehicle Parts and Accessories Manufacturing in Australia
Motor vehicle parts and accessories manufacturers are struggling with intensifying import competition. More robust demand for smaller, more fuel-efficient imported vehicles is constraining production orders. Following structural changes in the Motor Vehicle Manufacturing industry, most parts and accessories businesses no longer manufacture components for passenger vehicles. These factors have prompted downstream customers to source parts from foreign suppliers, leading to imports rising as a share of domestic demand. The COVID-19 outbreak and related weaker business demand also hampered investment in new commercial vehicles like buses, contributing to further declines in demand. Despite facing difficult operating conditions, demand from automotive parts dealers has supported manufacturers. Revenue has grown at an annualised 0.4% over the five years through 2022-23 and is expected to total $4.1 billion in 2022-23, when revenue will dip by an estimated 1.4%.
Industry companies manufacture non-electrical motor parts and accessories. These companies supply parts and accessories to motor vehicle manufacturers or the aftermarket. The industry also includes the reconditioning of factory engine on a changeover basis, but excludes the manufacturing of automotive engines, motor vehicle tyres, car seats, windscreens or any part entirely made out of plastic or fibreglass.
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.
Motor vehicle parts and accessories manufacturers are struggling with intensifying import competition. More robust demand for smaller, more fuel-efficient imported vehicles is constraining production orders. Following structural changes in the Motor Vehicle Manufacturing industry, most parts and accessories businesses no longer manufacture components for passenger vehicles. These factors have prompted downstream customers to source parts from foreign suppliers, leading to imports rising as a share of domestic demand. The COVID-19 outbreak and related weaker business demand also hampered investment in new commercial vehicles like buses, contributing to further declines in demand. Despite facing difficult operating conditions, demand from automotive parts dealers has supported manufacturers. Revenue has grown at an annualised 0.4% over the five years through 2022-23 and is expected to total $4.1 billion in 2022-23, when revenue will dip by an estimated 1.4%.
Industry companies manufacture non-electrical motor parts and accessories. These companies supply parts and accessories to motor vehicle manufacturers or the aftermarket. The industry also includes the reconditioning of factory engine on a changeover basis, but excludes the manufacturing of automotive engines, motor vehicle tyres, car seats, windscreens or any part entirely made out of plastic or fibreglass.
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.
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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