$15.4bn
$XXX.Xm
81,001
27,224
$X.Xbn
The Motor Vehicle Engine and Parts Repair and Maintenance industry has expanded steadily in line with growth in demand for road transport and a steady rise in the number of registered motor vehicles. The COVID-19 pandemic caused a slight slowdown in growth as consumers enduring lockdowns and restrictions delayed scheduled maintenance and non-essential repairs. This created a surge of revenue growth over the two years through 2022-23 as consumers caught up on delayed repairs. However, weaker consumer confidence and disposable incomes in recent years due to rising interest rates and inflation are starting to bite into revenue. Overall, revenue is expected to grow at an annualised 1.8% over the five years through 2023-24, to $15.4 billion. Increased overall activity and service price increases have allowed firms to slightly improve profit margins over the past five years.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $15.4bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Ultra Tune Australia | 183.0 | |
Tyre and Auto Pty Ltd | 161.5 |
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Industry revenue is measured across several distinct product and services lines, including Motor vehicle servicing, Engine repairs and Muffler, brake and exhaust repairs. Motor vehicle servicing is the largest segment of the Motor Vehicle Engine and Parts Repair and Maintenance in Australia.
Lockdowns and a cost-of-living crisis have disrupted regular motor vehicle servicing
Industry mechanics primarily repair motor vehicle engines and parts, and perform regular vehicle maintenance and servicing. The industry does not include smash repairs and electrical repairs.
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ANZSIC 9419 - Motor Vehicle Engine and Parts Repair and Maintenance 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 industry experienced a surge in demand in the wake of lockdowns as consumers caught up on delayed maintenance and elective repairs. However, cost-of-living pressures are ...
Learn about an industry's products and services, markets and trends in international trade.
Consumers put off non-essential servicing and maintenance during pandemic lockdowns. This has created volatility in demand for logbook and scheduled maintenance.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Population distribution is the major factor determining business locations. In most cases a state or territory’s share of establishments is almost exactly correlated to its s...
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.
Competition in the industry is high. Consumers are savvy about repair costs, often getting multiple quotes before committing to a repair shop.
Learn about the performance of the top companies in the industry.
Most of the industry's mechanics are small, independent establishments that service a local area. That's why the industry has no major companies.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Motor Vehicle Information Scheme has increased opportunities for independent repairers. Independent workshops can now compete for services traditionally performed by deal...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Technology investment has tempered wage costs. Industry mechanics have invested in online booking platforms and diagnostic and repair equipment to increase efficiency.
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 Engine and Parts Repair and Maintenance industry in Australia is $15.4bn in 2024.
There are 27,224 businesses in the Motor Vehicle Engine and Parts Repair and Maintenance industry in Australia, which has grown at a CAGR of 2.2 % between 2018 and 2023.
The market size of the Motor Vehicle Engine and Parts Repair and Maintenance industry in Australia has been growing at a CAGR of 1.8 % between 2018 and 2023.
Over the next five years, the Motor Vehicle Engine and Parts Repair and Maintenance industry in Australia is expected to grow.
The biggest companies operating in the Motor Vehicle Engine and Parts Repair and Maintenance market in Australia are Ultra Tune Australia and Tyre and Auto Pty Ltd
Engine repairs and Motor vehicle servicing are part of the Motor Vehicle Engine and Parts Repair and Maintenance industry.
The company holding the most market share in Australia is Ultra Tune Australia.
The level of competition is high and increasing in the Motor Vehicle Engine and Parts Repair and Maintenance industry in Australia.