Overview

Crash and burn: Revenue is heavily declining as local vehicle manufacturers cease operations

IBISWorld’s Motor Vehicle Parts and Accessories Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth
2012 - 2017
-10.3%
Annual Growth
2017 - 2022
Profit
Employment
7,896
Business
633

Industry Threats & Opportunities

  • Environmental concerns and high fuel prices led consumers to choose more fuel-efficient cars
  • Profit has fallen due to higher wage and input costs, and falling demand from car manufacturers
  • Demand from motor vehicle manufacturers is likely to fall significantly, driving down revenue

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    Industry Analysis & Industry Trends

    The Motor Vehicle Parts and Accessories Manufacturing industry has struggled with a difficult operating environment for manufacturing over the past five years, particularly in the automotive sector. Consumer demand has shifted away from locally manufactured cars in favour of imported cars. Automotive parts dealers have replaced local motor vehicle manufacturers as the largest source of industry demand, as major companies such as Toyota and GM Holden wind down their manufacturing operations. Industry revenue is forecast to decline at an annualised 10.3% over the five years through 2016-17. This includes a forecast drop of 21.3% during the current year as revenue falls to $2.6 billion, in line with demand declining from the Motor Vehicle Manufacturing industry...

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    Industry Report - Industry Products Chapter

    The industry supplies a variety of products for motor vehicles. Industry operators are varied and production encompasses nearly all motor vehicles parts. These parts can be segmented into chassis parts, body exterior parts, interior and safety parts, powertrain parts, and accessories. Most electrical and heating, ventilation and air conditioning parts are not included in the industry, as these parts are included in the Automotive Electrical Component Manufacturing industry.

    Powertrain parts

    Powertrain parts make up the industry's largest segment. A vehicle's powertrain includes the main components that generate power and help to propel the vehicle, and can loosely be described as all parts situated under the bonnet. Par..

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    Additional Insights for the Motor Vehicle Parts and Accessories Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Motor Vehicle Parts and Accessories Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective quality control
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Demand from motor vehicle manufacturing and Number of motor vehicles in the Motor Vehicle Parts and Accessories Manufacturing industry impact industry performance..

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    Industry Products

    What is the Motor Vehicle Parts and Accessories Manufacturing Industry?

    Companies in the industry manufacture non-electrical motor parts and accessories. These companies may supply parts and accessories to motor vehicle manufacturers or the aftermarket. The industry does not include the manufacture of engines, motor vehicle bodies, car seats, windscreens or any part entirely made out of plastic or fibreglass.

    Industry Products
    Body exterior parts
    Chassis parts
    Interior and safety parts
    Powertrain parts
    Accessories
    Other parts and accessories
    Industry Activities
    Car accessory
    Child car restraint
    Gearbox
    Muffler and radiator
    Roof rack
    Seat belt
    Shock absorber
    Suspension component
    Transmission and clutch
    Wheel

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from motor vehicle manufacturing
  • Number of motor vehicles
  • Trade-weighted index
  • Motor vehicle tariff

  • Current Performance
  • Demand and profit
  • Car trade
  • Parts trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry participation
  • End of the road
  • Aftermarket effects
  • Export development
  • Table: Motor Vehicle Parts and Accessories Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Parts and Accessories Manufacturing Industry Lifecycle vs The Economy

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

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing
  • Legal Services
  • Plastic Pipe and Plastic Packaging Material Manufacturing

  • Products & Services
  • Powertrain parts
  • Chassis parts
  • Interior and safety parts
  • Accessories
  • Body exterior parts
  • Other parts and accessories
  • Chart: Motor Vehicle Parts and Accessories Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Automotive parts dealers
  • Motor vehicle manufacturers
  • Export markets
  • Chart: Major Market Segmentation for the Motor Vehicle Parts and Accessories Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Parts and Accessories Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Parts and Accessories Manufacturing Industry

  • Industry Globalization
    Major Companies
    ARB Corporation Limited
  • Table: ARB Corporation Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Parts and Accessories Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Motor Vehicle Parts and Accessories Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Just-In-Time (Jit)
  • Form of supply chain management where parts are delivered at the time of production to reduce inventory costs.
  • Original Equipment
  • Components manufactured for motor vehicle manufacturers and their dealers, rather than for the aftermarket.
  • Tier 1 Suppliers
  • Direct suppliers of parts and accessories to car manufacturers. These components are known as 'original equipment'.
  • Tier 2 Suppliers
  • Companies that supply components to Tier 1 suppliers, that make up complete parts and accessories used in motor vehicles.
  • Why buy this report?

    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 Motor Vehicle Parts and Accessories 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 Motor Vehicle Parts and Accessories 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 Motor Vehicle Parts and Accessories Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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