Motor Vehicle Electrical Services in Australia - Industry Market Research Report

Losing Spark: Falling Demand, Growing Competition and Covid-19 Have Reduced Revenue

Firms in the Motor Vehicle Electrical Services industry have come through mixed operating conditions in recent years, but the industry has emerged in a strong position. Volatile consumer sentiment has exerted some downward pressure on demand for industry services. Intensifying external competition, particularly from motor vehicle dealers, has also inhibited the industry's success. Even so, the number of vehicles on the road has climbed, as the population, disposable incomes and freight task have all strengthened. Overall, industry revenue is expected to expand at an annualised 2.1% over the five years through 2022-23, to $2.5 billion. This trend includes an anticipated revenue dip of 0.5% in 2022-23, as inflation outstrips nominal growth, in the wake of a year of strong growth in 2021-22.

Industry operators primarily perform automotive electrical repairs and install automotive electrical products. General non-electrical motor vehicle repairs or body repairs are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.