End of the road: Revenue has fallen due to the end of local passenger vehicle manufacturing

The Automotive Electrical Component Manufacturing industry has struggled to compete against increasing import penetration throughout the automotive supply chain over the past five years. Demand for industry products has weakened over the period due to rising import penetration and changing consumer preferences in downstream industries. The negative effects of these trends throughout the entire supply chain have hit the industry hard. Industry revenue is expected to decline at an annualised 2.8% over the five years through 2018-19, to $942.5 million.The industry has faced falling domestic demand over the past five years. The local automotive supply chain has been negatively affected by its comparatively high cost of production...read more.

Industry Statistics & Market Size
Revenue
$943m
Annual Growth 14-19
-2.8%
Forecast Growth 19-24
Profit
Employment
2,381
Businesses
317
Market Share of Companies

Industry Threats & Opportunities

  • The withdrawal of local vehicle manufacturers has negatively affected the automotive supply chain
  • Industry operators have struggled to develop export markets over the past five years
  • Domestic demand from car manufacturers will almost entirely dissipate over the next five years
  • Industry Report - Industry Products Chapter

    Many industry operators specialise in certain components. Parts sold to vehicle producers as original equipment are supplied in bulk. Parts destined for the replacement market, even if otherwise identical to those sold as original equipment, are packaged, labelled and distributed to the wholesale market.Automotive electrical componentsAutomotive electrical components include electrically driven accessories such as automobile wiring harnesses, automotive insulated cable and wiring, electric motors for power steering and voltage systems. As these parts are less commonly purchased in the aftermarket, declining sales of locally manufactured motor vehicles have negatively affected segment revenue. How...purchase to read more.

    Additional Insights for the Automotive Electrical Component Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Automotive Electrical Component Manufacturing Industry are

  • Establishment of export markets
  • Successful industrial relations policy
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Demand from motor vehicle manufacturing and Number of motor vehicles in the Automotive Electrical Component Manufacturing industry impact industry performance..

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    What's in this report

    What is the Automotive Electrical Component Manufacturing Industry?

    Industry operators primarily manufacture automotive electrical components such as air conditioners and demisters. Operators supply components to motor vehicle manufacturers and also the aftermarket. Batteries manufacturing is excluded from the industry.

    Industry Products
  • Other non-engine parts
  • Automotive electrical components
  • Heaters and demisters
  • Engine-related parts
  • Industry Activities
  • Automotive electrical component (excluding batteries)
  • Automotive electrical component factory reconditioning
  • Automotive wire
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from motor vehicle manufacturing
  • Number of motor vehicles
  • Trade-weighted index
  • Consumer sentiment index

  • Current Performance
  • Structural problems
  • Foreign competition
  • Profit and exports
  • Chart: Revenue Growth

  • Industry Outlook
  • Manufacturing demise
  • Export markets
  • New direction
  • Table: Automotive Electrical Component Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Automotive Electrical Component Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Motor Vehicle Manufacturing
  • Motor Vehicle New Parts Wholesaling

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Other non-engine parts
  • Automotive electrical components
  • Engine-related parts
  • Heaters and demisters
  • Chart: Automotive Electrical Component Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Aftermarket
  • Domestic motor vehicle manufacturers
  • Export markets
  • Chart: Major Market Segmentation for the Automotive Electrical Component Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Automotive Electrical Component Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Automotive Electrical Component Manufacturing Industry

  • Industry Globalization
    Robert Bosch (Australia) Proprietary Limited,
  • Table: Robert Bosch (Australia) Proprietary Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Automotive Electrical Component Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Automotive Electrical Component Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market in which service parts or replacement parts are sold.
  • Diode
  • A component used to convert the electrical output produced by a vehicles alternator from alternating current (AC) to direct current (DC). DC power is then used to power the vehicles electronics.
  • Just-In-Time
  • Supply chain model predicated on delivery of parts to be used immediately in production, minimising inventory costs.
  • Original Equipment
  • Parts manufactured for motor vehicle manufacturers and their dealers, rather than for the aftermarket.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Automotive Electrical Component Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Automotive Electrical Component Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Automotive Electrical Component Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Automotive Electrical Component Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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