$9.3bn
$XXX.Xm
12,612
2,503
$X.Xbn
The Motor Vehicle New Parts Wholesaling industry’s revenue has decreased over the past few years due to local passenger vehicle manufacturing ending in 2017-18. This led demand from motor vehicle manufacturers to plummet. The industry has seen significant decline since then due to volatile and falling consumer sentiment; rising inflation; and a reduction in disposable income, which has reduced demand for new motor vehicle parts as consumers focus on necessities. The pandemic caused an uncertain economic environment, which has ultimately impacted the industry’s performance over several years with wholesalers still recovering. Revenue is expected to fall at an annualised 3.8% over the five years through 2023-24. This includes an anticipated fall of 0.1% to $9.3 billion in the current year.
Industry revenue has declined at a CAGR of 3.8 % over the past five years, to reach an estimated $9.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
GPC Asia Pacific | 847.4 | |
Toyota Motor Corporation | 401.8 | |
ARB | 373.7 |
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Industry revenue is measured across several distinct product and services lines, including Batteries, Tyres and Electrical components. Batteries is the largest segment of the Motor Vehicle New Parts Wholesaling in Australia.
Rising costs have reduced demand for tyres
Industry operators wholesale new motor vehicle and motorcycle parts and accessories. These parts include batteries, car audio systems and motor vehicle and motorcycle tyres.
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ANZSIC 3504 - Motor Vehicle New Parts Wholesaling 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.
Volatile economic conditions have been constraining demand since the COVID-19 outbreak. With inflation constraining household budgets, consumers are instead opting to purchas...
Learn about an industry's products and services, markets and trends in international trade.
Passenger vehicle manufacturing in Australia ceased in 2017-18. This severely constrained demand for parts and accessories from motor vehicle manufacturers.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales holds the most wholesalers. Wholesalers situate themselves in close proximity to major markets and heavily populated areas.
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.
Start-up costs are a small barrier for new entrants. Compared to the Motor Vehicle Manufacturing industry, wholesalers don’t need expensive plants or equipment.
Learn about the performance of the top companies in the industry.
GPC’s growth strategy is focused on acquisitions. The company has been building the market for its wholesale operations by acquiring more and more automotive retailers.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Volatile consumer sentiment has adversely impacted the industry. This has led to a decrease in downstream demand and demand for industry products.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profits have remained relatively stable over the past few years. This is due to growth in profit margins over the past couple of years as the industry recovers from passenger...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Motor Vehicle New Parts Wholesaling industry in Australia is $9.3bn in 2024.
There are 2,503 businesses in the Motor Vehicle New Parts Wholesaling industry in Australia, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Motor Vehicle New Parts Wholesaling industry in Australia has been declining at a CAGR of 3.8 % between 2019 and 2024.
Over the next five years, the Motor Vehicle New Parts Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Motor Vehicle New Parts Wholesaling market in Australia are GPC Asia Pacific, Toyota Motor Corporation and ARB
Tyres and Engines are part of the Motor Vehicle New Parts Wholesaling industry.
The company holding the most market share in Australia is GPC Asia Pacific.
The level of competition is high and increasing in the Motor Vehicle New Parts Wholesaling industry in Australia.