$5.4bn
$XXX.Xm
7,131
404
$XXX.Xm
The Motor Vehicle Manufacturing industry has suffered from a turbulent economy over the past few years. The COVID-19 pandemic disrupted the global supply chain and global semiconductor chip shortages have slowed production. Motor vehicle manufacturers have faced intense competition from low-cost imports. Continuous growth in Australia’s domestic freight task has supported motor vehicle manufacturers’ sales, yet the shrinking Australian motor vehicle market has eroded industry revenue. Motor vehicle manufacturers enjoyed robust sales in 2022-23 thanks to pent-up demand and recovering global supply chains. However, business confidence and consumer sentiment have since weakened, weighing on motor vehicle sales. Overall, revenue is expected to have decreased at an annualised 1.1% over the five years through 2024-25, to $5.4 billion.
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $5.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
PACCAR Australia | 1,448.8 | |
Volvo | 1,209.4 | |
Thales Australia | 141.3 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Trucks, Buses and Other motor vehicles. Trucks is the largest segment of the Motor Vehicle Manufacturing in Australia.
Truck demand benefits from solid growth in domestic freight task
The Motor Vehicle Manufacturing industry includes manufacturers that produce cars, light commercial vehicles; buses; vans; medium, heavy and special-purpose highway trucks and other motor vehicles for private and commercial use. This industry includes motor vehicle engine manufacturing.
Purchase this report to view all 4 major companies in this industry.
ANZSIC 2311 - Motor Vehicle 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.
Imports constitute the bulk of domestic demand. Fierce competition encourages manufacturers to compete on quality by manufacturing specialised products to suit the Australian...
Learn about an industry's products and services, markets and trends in international trade.
Truck sales have expanded thanks to continuous growth in Australia’s domestic freight task. Australian-made heavy-duty trucks with value-added features have shown robust sale...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria is the historic home of car manufacturing in Australia. Local manufacturers benefit from the Victorian workforce's extensive automotive expertise.
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.
Major companies like Volvo and PACCAR gain an advantage through economies of scale. These manufacturers can produce larger volumes, allowing them to reduce per-unit costs.
Learn about the performance of the top companies in the industry.
Volvo and PACCAR are the two remaining major players in the Motor Vehicle Manufacturing industry. These companies have been expanding their market share by tailoring their pr...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Growing public awareness of fuel-powered vehicles’ detrimental effects on the environment presents a challenge for manufacturers. Motor vehicles produce large amounts of emis...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers have invested in automation to temper wage costs over the long term. As manufacturers have increased their use of machinery throughout the manufacturing process...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Motor Vehicle Manufacturing industry in Australia is $5.4bn in 2024.
There are 404 businesses in the Motor Vehicle Manufacturing industry in Australia, which has grown at a CAGR of 3.3 % between 2019 and 2024.
The market size of the Motor Vehicle Manufacturing industry in Australia has been declining at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Motor Vehicle Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Motor Vehicle Manufacturing market in Australia are PACCAR Australia, Volvo and Thales Australia
Trucks and Buses are part of the Motor Vehicle Manufacturing industry.
The company holding the most market share in Australia is PACCAR Australia.
The level of competition is high and increasing in the Motor Vehicle Manufacturing industry in Australia.