Australia Automotive Aftermarket Industry Competition- Ken Research

1
Electric Cars to Boost the Australian Automotive
Aftermarket Ken Research
2
The report titled Automotive Aftermarket in
Australia, provides a comprehensive analysis of
Australias automotive aftermarket, growth of the
sector, major products, leading players,
developments, technology and future of Brazils
automotive aftermarket. According to the report
Electric car industry statistics will witness an
increase in the battery-powered models in the
next few years. This trend may help in the growth
of the Australian automotive aftermarket in the
near future. Tesla is going for a mass-production
of electric cars at an affordable range. Majority
of the electric cars will receive a boost in year
2018 from the new Nissan Leaf and Hyundai Ioniq
EV as well as Hyundais hydrogen-powered Nexo
SUV. BMW and Renault also initiated electric cars
as consumers are more appealing towards electric
vehicles. Volkswagen, Porsche, Mercedes and Volvo
also have new models on the way in the near
future as luxury brands are likely to lead the
electric automobile industry. With the drastic
growth in the electric cars, the Australian
automotive aftermarket sector will witness a
steady growth in the next few years. Industry
Overview The automotive aftermarket is a
secondary market in the automotive industry. It
comprises of manufacturing, remanufacturing,
distribution, retailing and installation of all
vehicle parts, chemicals, equipment, and
accessories. The extra parts and accessories are
not necessarily manufactured by the original
equipment manufacturer.
3
The aftermarket parts are divided into two
categories such as replacement or spare parts and
accessories. The spare parts are automotive parts
remanufactured to replace original equipment
parts of an automobile as they become worn out or
get damaged after a period of time. Various
automobile accessories are certain parts made for
comfort, convenience, performance, safety, or
customization, and are designed for add-on after
the original sale of the motor vehicle.
Aftermarket consists of parts for replacement,
collision, appearance, and performance, such as
electric propulsion. It also provides a wide
variety of parts of varying qualities and prices
for all types of vehicle and models. Majority of
the consumers repairing their own vehicles
themselves or take their vehicle to a
professional repair facility. The aftermarket
usually helps the vehicle owners to keep vehicles
on road by providing vehicles services,
maintenance, or customized. Automotive
aftermarket in Australian is a national
automotive industry association representing
vehicle manufacturers, distributors, wholesalers,
importers and retailers of automotive parts,
accessories, tools, equipment, vehicle service,
repair and modification services. The automotive
aftermarket in Australian also provides tires,
batteries, collision body parts, oils,
lubricants, and others.
4
Toyota, Holden, and Ford automotives dominate the
Australian automobile industry with their history
of manufacturing within the country. With
increasing number of players within the
automotive aftermarket industry, the market share
of the major original equipment manufacturer
(OEMs) has slightly started to decline offering
more choices to consumer. The average lifetime of
passenger automobiles in Australia is higher
compare to the other developed regions around the
world. The leading companies in automotive
aftermarket are Autobarn, Autopro, Burson Auto
Parts, Ford, Holden, Repco, Supercheap Auto and
Toyota. Recent Developments in the Automotive
Aftermarket in Australia The automotive supply
chain business in Australia has expected a
collapse in the recent years due to a downtrend
in the nations car industry. Australian Toyota
has closed its Holdens Adelaide plant in
October 2017 due to the downtrend. The nation
witnessed the death of the car industry recently
and also a critical job situation due to the
automotive downtrends. The most affected are the
third-party suppliers, also known as supply
chains who manufacture parts, spare parts of the
automobile and its components. The component
makers faced serious job losses because more than
half of the top-tier car component manufacturers
closed business.
5
Australian automotive aftermarket sector is
expecting less revenue over the next few years
due to the shutdown of the car industry. The
components segment may expect a lucrative growth
but the overall growth in the next few years will
slow down gradually. As the lifetime of the
vehicles in Australia increases consumers will
witness a need for components and services in
order to improve the durability and performance
of the automobile. The continuing need of the
automotive aftermarket in Australia will drive
the market over the next few years but may not
witness a drastic growth due to a massive
downtrend in car industry. Key Topics Covered in
this Report Australia Automotive Aftermarket
Research Report Australia Automotive Industry
Analysis Australia Automotive Aftermarket Volume
Sales Australia Automotive Aftermarket
Revenue Australia Automotive Aftermarket
Analysis Australia Automotive Aftermarket Sector
Forecast Australia Automotive Aftermarket
Industry Competition Australia Automotive
Aftermarket Industry Future Outlook
6
Australia Automotive Aftermarket
companies Australia automotive Aftermarket
Industry Trends To know more, click on the link
below https//www.kenresearch.com/automotive-tran
sportation-and-warehousing/automotive-and-automoti
ve-components/automotive-aftermarket-in-australia/
143973-100.html   Related Reports https//www.ken
research.com/automotive-transportation-and-warehou
sing/automotive-and-automotive-components/global-a
utomotive-aftermarket/143996-100.html   https//ww
w.kenresearch.com/automotive-transportation-and-wa
rehousing/automotive-and-automotive-components/aut
omotive-aftermarket-in-turkey/143995-100.html
7
Contact Us Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com 0
124-4230204
8
(No Transcript)