Off-road: The closure of large-scale passenger vehicle manufacturers has dinted revenue

Operators in the Motor Vehicle Parts and Accessories Manufacturing industry have struggled due to the difficult operating environment for manufacturing over the past five years. These difficulties have affected the industry and downstream industries. The closure of large-scale passenger vehicle manufacturers in Australia has been the most significant change for the industry over the past five years. As a result of these closures, automotive parts dealers have replaced local motor vehicle manufacturers as the largest source of industry demand, due to previous local manufacturers Toyota and GM Holden no longer requiring the same volumes of parts locally. Industry revenue is expected to decline at an annualised 7.8% over the five years through 2018-19, to $3.2 more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Operators that have relied on local passenger vehicle production have struggled to find new markets
  • Profit has fallen due to price competition from imports and falling demand from car manufacturers
  • Tensions among the industry’s major trading partners will likely adversely affect the industry
  • 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 manufacturing plant was located in Victoria, while GM Holden's manufacturing facilities were based in South Australia. Proximity to major markets historically caused a high number of parts and accessories manufacturers to be located in the two states to reduce logistics costs and leverage skilled local employment bases.The 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 has determined the most important Key Success Factors for the Motor Vehicle Parts and Accessories Manufacturing 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
  • 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
    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 (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)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Automotive Transformation Scheme (Ats)
  • A Federal Government initiative to provide financial assistance to local parts manufacturers as they look for new markets in the wake of large-scale passenger vehicle manufacturing closures.
  • 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 One Suppliers
  • Direct suppliers of parts and accessories to car manufacturers. These components are known as 'original equipment'.
  • Tier Two Suppliers
  • Companies that supply components to Tier One 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 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.

    IBISWorld industry market research reports enable you to:
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    • 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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