New Cars in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Australian new cars market recorded revenues of $25.7 billion in 2023, representing a compound annual growth rate (CAGR) of 4.4% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 4.3% between 2018 and 2023 to reach a total of 890.7 thousand units in 2023.
- According to the publisher, in 2023, the revenue of the Australian new cars market recorded an annual growth of 14.8%. The growth is primarily driven by the increasing consumer demand for higher-end vehicles, enhanced features, and advanced technologies.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Australia
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia new cars market with five year forecasts
Reasons to Buy
- What was the size of the Australia new cars market by value in 2023?
- What will be the size of the Australia new cars market in 2028?
- What factors are affecting the strength of competition in the Australia new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hyundai Motor Co
- Toyota Motor Corp
- Mazda Motor Corp
- Renault-Nissan-Mitsubishi Alliance
