The departed: Revenue is rapidly declining as local vehicle manufacturers cease operations

The Motor Vehicle Parts and Accessories Manufacturing industry has struggled due to the 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 have wound down their manufacturing operations. Industry revenue is expected to decline at an annualised 10.4% over the five years through 2017-18, to $2.7 billion. This includes an anticipated drop of 19.1% in 2017-18, in line with demand declining from the Motor Vehicle Manufacturing more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

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

    The distribution of motor vehicle parts and accessories manufacturers largely follows the distribution of motor vehicle manufacturers, along with population distribution for aftermarket purposes. Toyota's head office and manufacturing plant are located in Victoria, while GM Holden's head office is in Victoria, but its manufacturing facilities are in South Australia. Proximity to major markets has pushed a high number of parts and accessories manufacturers to be located in the two states to reduce logistics costs from more convenient locations.The continuing departure of car manufacturing operations is expected to significantly influence the industry. Suppliers based in Victoria and South Australia will lose their competitive advantage due to a substantially reduced market. The...purchase to read more.

    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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    What's in this report

    What is the Motor Vehicle Parts and Accessories Manufacturing Industry?

    Industry companies manufacture non-electrical motor parts and accessories. These companies 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
  • Seatbelt
  • Shock absorber
  • Suspension component
  • Transmission and clutch
  • Wheel
  • 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
  • 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

  • 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
  • Accessories
  • Interior and safety parts
  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent, utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Parts and Accessories Manufacturing

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

  • Industry Globalization
    ARB Corporation Limited,
  • Table: ARB Corporation Limited - financial performance

  • 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
    Table: Industry Data for the Motor Vehicle Parts and Accessories Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Motor Vehicle Parts and Accessories Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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
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    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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