Australia Automotive Parts and Accessories Market Introduction and Overview
According to SPER Market Research, the Australia automotive parts and Accessories Market is estimated to reach USD XX billion by 2033 with a CAGR 10.53%.
The report includes an in-depth analysis of the Australia automotive parts and Accessories Market, including market size and trends, product mix, distribution channels, and supplier analysis. Automobile parts and accessories comprise an extensive array of elements and upgrades intended to augment a car's functionality, security, and visual appeal. The mechanical components that are vital to the operation of the vehicle, such as engines, gearboxes, brakes, and suspension systems, are referred to as parts. Contrarily, accessories are things like floor mats, seat covers, and personalized wheels that improve comfort, convenience, or style. Aftermarket components also enable performance enhancements and customization, letting fans modify their cars to suit their own requirements or inclinations.
Market Opportunities and Challenges
Opportunities: Australia's auto accessory industry is flourishing because of a number of elements that work together to fuel its expansion. First off, there is a growing need for a variety of accessories due to customer demand for more customized and enjoyable driving experiences. Technology is also a major factor, since the addition of smart gadgets and networking functions to cars has led to a parallel increase in demand for appropriate accessories. Additionally, there has been a sharp increase in the use of safety-focused accessories like dash cameras and parking sensors as a result of increased emphasis and awareness on vehicle safety. Furthermore, the automobile industry's ongoing transition to hybrid and electric vehicles has created new opportunities for accessory makers and a niche market for environmentally friendly and electric vehicle-specific equipment.
Challenges: In the auto parts and accessories industry, "market saturation" is a state in which a particular product category or geographic area experiences a high concentration of rivals, creating pressure on prices and fierce rivalry. Because there are more similar products on the market, it becomes harder for businesses to stand out from the competition and gain market share in saturated markets. Natural catastrophes, labor disputes, transportation problems, and geopolitical tensions are a few of the causes of supply chain interruptions. Supply chain disruptions can cause delays in the delivery of components, raw materials, and completed goods, which can have an impact on manufacturing schedules and distribution systems. This may lead to a shortage of inventory, longer lead times, and higher manufacturing costs for suppliers and manufacturers.
Market Competitive Landscape
The Automotive parts and Accessories Parts Market in Australia is moderately consolidated. Some of the market key players are Continental AG, Garmin Ltd, Magna International Inc, Boch Mobility Solutions, Valeo SA.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application, By Sales Channel.
|
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region.
|
| Companies Covered | Continental AG, Garmin Ltd, Magna International Inc, Boch Mobility Solutions, Valeo SA.
|
COVID-19 Impact on Australia automotive parts and Accessories Market
The COVID-19 epidemic caused major disruptions in supply chains and customer behavior, which in turn had an influence on Australia's automotive parts and accessories business. Key component shortages resulted from factory shutdowns and manufacturing delays caused by lockdowns and limitations. Due to many consumers choosing to put off repairs or upgrades, the pandemic's fall in car sales also had an impact on the need for aftermarket parts. On the other hand, as regulations relaxed, there was a noticeable rise in the market for specific attachments due to a change in consumer preferences that prioritized personal automobiles over others for safety concerns.
Key Target Audience:
- Vehicle Owners
- Automotive Enthusiasts
- Professional Mechanics and Repair Shops
- Fleet Operators
- Commercial Vehicle Owners
- Do-It-Yourself (DIY) Consumers
- Automotive Retailers and Distributors
Our in-depth analysis of the Australia Automotive Parts and Accessories Market includes the following segments:
| By Application: | Interior AccessoriesExterior Accessories |
| By Sales Channel: | OEMAftermarket |
Key Topics Covered in the Report:
- Australia automotive parts and Accessories Market Size (FY’2024-FY’2033)
- Overview of Australia automotive parts and Accessories Market
- Segmentation of Australia automotive parts and Accessories Market By Application (Interior Accessories, Exterior Accessories)
- Segmentation of Australia automotive parts and Accessories Market By Sales Channel (OEM, Aftermarket)
- Expansion Analysis of Australia automotive parts and Accessories Market
- Problems and Obstacles in Australia automotive parts and Accessories Market
- Competitive Landscape in the Australia automotive parts and Accessories Market
- Impact of COVID-19 and Demonetization on Australia automotive parts and Accessories Market
- Details on Current Investment in Australia automotive parts and Accessories Market
- Competitive Analysis of Australia automotive parts and Accessories Market
- Prominent Players in the Australia automotive parts and Accessories Market
- SWOT Analysis of Australia automotive parts and Accessories Market
- Australia automotive parts and Accessories Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Australia automotive parts and Accessories Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Australia automotive parts and Accessories Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Australia automotive parts and Accessories Market
7. Australia automotive parts and Accessories Market, By Application (USD Million) 2020-2033
7.1. Australia automotive parts and Accessories Market Size, Share and Forecast, By Application, 2020-2026
7.2. Australia automotive parts and Accessories Market Size, Share and Forecast, By Application, 2027-2033
7.3. Interior Accessories
7.4. Exterior Accessories
8. Australia automotive parts and Accessories Market, By Sales Channel (USD Million) 2020-2033
8.1. Australia automotive parts and Accessories Market Size, Share and Forecast, By Sales Channel, 2020-2026
8.2. Australia automotive parts and Accessories Market Size, Share and Forecast, By Sales Channel, 2027-2033
8.3. OEM
8.4. Aftermarket
9. Australia automotive parts and Accessories Market Forecast, 2020-2033 (USD Million)
9.1. Australia automotive parts and Accessories Market Size and Market Share
10. Australia automotive parts and Accessories Market, By Region, 2020-2033 (USD Million)
10.1. Australia automotive parts and Accessories Market Size and Market Share By Region (2020-2026)
10.2. Australia automotive parts and Accessories Market Size and Market Share By Region (2027-2033)
10.3. Eastern Region
10.4. Western Region
10.5. Northern Region
10.6. Southern Region
11. Company Profile
11.1. Continental AG
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Garmin Ltd
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Magna International Inc
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Boch Mobility Solutions
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Valeo SA
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
