$2.6bn
$XXX.Xm
3,226
528
$XXX.Xm
Businesses in the Automotive Electrical Component Manufacturing industry have faced mixed operating conditions. Revenue grew strongly over the three years through 2021-22 as manufacturers benefited from a depreciating Australian dollar and falling new vehicle sales. These trends restricted import growth and supported demand from the aftermarket. Demand from motor vehicle manufacturers has fallen as local passenger vehicle manufacturing has ended. But industry manufacturers have restructured their Australian operations owing to global automotive supply chain shifts. Overall, revenue has been growing at an annualised 6.7% over the five years through 2023-24 and is expected to total $2.6 billion in 2023-24, when revenue will jump by an estimated 2.0%.Falling demand from the Motor Vehicle Manufacturing industry has prompted automotive electrical component manufacturers to refocus their operations on the aftermarket and export markets. Businesses have found success serving particular market niches that face lower competition from imports and place greater value on quality and functionality. Industry companies have also benefited from Federal Government assistance programs like the Automotive Transformation Scheme, which have supported greater investment in R&D and advanced manufacturing equipment.Automotive electrical component manufacturing businesses will continue focusing on niche and export markets in the future. While a lack of scale will make it difficult for many local manufacturers to compete with overseas manufacturers, businesses are set to increasingly focus on producing specialised products for particular markets. The strengthening of the Australian dollar will constrain revenue growth as exports become less competitive and import competition fortifies. An increase in global manufacturing activity following pandemic-related deteriorations and the likely closure of Bosch's Australian diode manufacturing factory will place further downward pressure on operators' performance. Overall, revenue is forecast to rise at an annualised 1.4% over the five years through 2028-29 to total an estimated $2.7 billion.
Industry revenue has grown at a CAGR of 6.7 % over the past five years, to reach an estimated $2.6bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Bosch Australia | 51.0 |
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Industry revenue is measured across several distinct product and services lines, including Other non-engine parts, Automotive electrical components and Climate control system components and demisters. Other non-engine parts is the largest segment of the Automotive Electrical Component Manufacturing in Australia.
Higher incomes are boosting demand for climate control system components and demisters
Industry operators primarily manufacture automotive electrical components, such as air conditioners and demisters. Operators supply components to both motor vehicle manufacturers and the aftermarket. Automotive battery manufacturing is excluded from the industry.
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ANZSIC 2313 - Automotive Electrical Component 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.
The pandemic supported automotive electrical component manufacturers’ performance. New car sales fell during the pandemic, encouraging people to retain their older vehicles a...
Learn about an industry's products and services, markets and trends in international trade.
COVID-19 restrictions limited transport activity. This trend weighed on demand for engine-related parts as vehicle use shrunk significantly compared with pre-pandemic numbers...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria represents 29.0% of enterprises. The state’s historical expertise in the automotive industry backs this concentration, as several major passenger vehicle manufacture...
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.
Most automotive electrical component manufacturers specialise in particular product segments instead of producing several product lines. This trend limits competition to clus...
Learn about the performance of the top companies in the industry.
The industry has no major companies. The likely closure of Bosch’s diode manufacturing plant in Melbourne has resulted in the company’s industry-specific earnings contracting...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry benefited from the government’s Automotive Transformation Scheme, which helped businesses severely impacted by the demise of local passenger vehicle manufacturing...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
After the exit of passenger vehicle manufacturers from Australia, automotive electrical component manufacturers were forced to diversify their revenue streams. This successfu...
Including values and annual change:
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The market size of the Automotive Electrical Component Manufacturing industry in Australia is $2.6bn in 2024.
There are 528 businesses in the Automotive Electrical Component Manufacturing industry in Australia, which has grown at a CAGR of 4.1 % between 2018 and 2023.
The market size of the Automotive Electrical Component Manufacturing industry in Australia has been growing at a CAGR of 6.7 % between 2018 and 2023.
Over the next five years, the Automotive Electrical Component Manufacturing industry in Australia is expected to grow.
The biggest company operating in the Automotive Electrical Component Manufacturing market in Australia is Bosch Australia
Climate control system components and demisters and Automotive electrical components are part of the Automotive Electrical Component Manufacturing industry.
The company holding the most market share in Australia is Bosch Australia.
The level of competition is high and increasing in the Automotive Electrical Component Manufacturing industry in Australia.