$4.7bn
$XXX.Xm
12,870
1,168
$XXX.Xm
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 local manufacturers to shift focus toward the aftermarket for parts and accessories, relying less and less on local motor vehicle manufacturers. The pandemic has proven largely beneficial to this industry, driving both price and volume increases that have engendered industrywide growth in revenue and profitability. Revenue has grown at an annualised 2.0% over the five years through 2023-24 and is expected to total $4.7 billion in 2023-24, when revenue is expected to surge by 10.6% on the back of high output prices.
Industry revenue has grown at a CAGR of 2.0 % over the past five years, to reach an estimated $4.7bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
ARB | 398.2 | |
Arrowcrest | 47.8 | |
Mett | 41.4 |
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Industry revenue is measured across several distinct product and services lines, including Body exterior parts, Chassis parts and Interior and safety parts. Body exterior parts is the largest segment of the Motor Vehicle Parts and Accessories Manufacturing in Australia.
The high prices of powertrain parts have weighed on demand
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.
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ANZSIC 2319 - Motor Vehicle Parts and Accessories Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Import penetration is intensifying. Downstream markets are opting for cheaper imports from countries like the United States and China with lower operating costs and greater e...
Learn about an industry's products and services, markets and trends in international trade.
Global supply chain issues has helped boost demand for parts and accessories in the aftermarket. Demand for used cars surged, which is a positive trend for the industry becau...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry concentration relies heavily on population distribution. Manufacturers like to be close to downstream markets to save on transport costs.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Motor vehicle parts and accessories manufacturers generally specialise in particular parts and accessories. This reduces the pool of internal competitors.
Learn about the performance of the top companies in the industry.
The conclusion of local passenger vehicle manufacturing adversely impacted several businesses. ARB shielded itself from this phenomenon primarily because of its focus on cate...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry benefited from the Automotive Transformation Scheme (ATS) until 2020. The scheme assisted motor vehicle parts and accessories manufacturers to transition into a ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The pandemic allowed a sharp increase in profit. Manufacturers were able to capitalise on beneficial demand trends to lift their prices over and above rising costs of inputs ...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Motor Vehicle Parts and Accessories Manufacturing industry in Australia is $4.7bn in 2024.
There are 1,168 businesses in the Motor Vehicle Parts and Accessories Manufacturing industry in Australia, which has grown at a CAGR of 3.7 % between 2019 and 2024.
The market size of the Motor Vehicle Parts and Accessories Manufacturing industry in Australia has been growing at a CAGR of 2.0 % between 2019 and 2024.
Over the next five years, the Motor Vehicle Parts and Accessories Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Motor Vehicle Parts and Accessories Manufacturing market in Australia are ARB, Arrowcrest and Mett
Powertrain parts and Chassis parts are part of the Motor Vehicle Parts and Accessories Manufacturing industry.
The company holding the most market share in Australia is ARB.
The level of competition is moderate and increasing in the Motor Vehicle Parts and Accessories Manufacturing industry in Australia.