Jacked up: Performance has increased with rising disposable incomes and vehicle numbers

The Motor Vehicle Engine and Parts Repair and Maintenance industry has grown over the past five years. The industry's improved performance is largely due to consistent growth in the number of motor vehicles, coupled with increases in real household disposable income. New vehicle purchases tend to constrain revenue growth, as consumers often purchase them with capped-price servicing. However, a decline in the number of new passenger vehicle purchases has boosted industry revenue. The average age of the overall vehicle fleet has remained largely stable over the past five years, reducing potential fluctuations in revenue. Industry revenue is expected to grow at an annualised 1.6% over the five years through 2018-19, to $12.2 billion, including anticipated growth of 2.3% in 2018-19...read more.

Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 14-19
1.6%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
71,196
Businesses
23,648
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators have upgraded equipment and upskilled workers to adapt to new vehicle technology
  • Increased price competition has reduced profit margins over the past five years
  • The number of vehicles on Australian roads is forecast to rise, lifting industry demand

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    Industry Report - Industry Analysis Chapter

    The Motor Vehicle Engine and Parts Repair and Maintenance industry has grown over the past five years. Industry operators repair, service, recondition and maintain motor vehicle parts including engines, clutches, brakes, radiators, mufflers and transmissions. Demand from households and businesses for industry services has increased as the number of vehicles on the road has grown, expanding the industry’s customer base. Newer cars typically require basic servicing, while older cars generally require more extensive and specialised repair and maintenance work. Steady growth in household disposable income due to historically low interest rates has led many consumers to purchase professional repair services rather than opt for DIY repairs. An ...purchase to read more.

    Additional Insights for the Motor Vehicle Engine and Parts Repair and Maintenance Industry

    IBISWorld has determined the most important Key Success Factors for the Motor Vehicle Engine and Parts Repair and Maintenance are:

  • Proximity to key markets
  • Access to highly skilled workforce
  • Provision of superior after-sales service

    • IBISWorld analysts also discuss how external factors such as Number of motor vehicles and Consumer sentiment index in the Motor Vehicle Engine and Parts Repair and Maintenance industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Motor Vehicle Engine and Parts Repair and Maintenance Industry?

    Industry operators primarily repair motor vehicle engines and parts, and perform regular vehicle maintenance and servicing. The industry does not include smash repairs and electrical repairs.

    Industry Products
  • Motor vehicle servicing
  • Engine repairs
  • Muffler, brake and exhaust repairs
  • Other repairs
    • Industry Activities
  • Engine repair or reconditioning
  • Clutch or brake repair
  • Radiator repair
  • Muffler repair
  • Gearbox repair
  • General automotive repair
  • Transmission repair
  • Trailer repair (boat or box)
    • 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
  • Number of motor vehicles
  • Consumer sentiment index
  • Average age of vehicle fleet
  • Real household disposable income

    • Current Performance
  • Participation and profit
  • Demand trends
  • Changing fleet characteristics
  • Warranty regulations
  • Chart: Revenue Growth

    • Industry Outlook
  • Participation and profit
  • Demand trends
  • Environmental and technology trends
  • Table: Motor Vehicle Engine and Parts Repair and Maintenance Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Engine and Parts Repair and Maintenance Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Motor Vehicle Body, Paint and Interior Repair
  • Road Freight Transport
  • Consumers

    • Key Selling Industries
  • Motor Vehicle Dismantling and Used Parts Wholesaling
  • Motor Vehicle New Parts Wholesaling

    • Products & Services
  • Motor vehicle servicing
  • Engine repairs
  • Muffler, brake and exhaust repairs
  • Other repairs
  • Chart: Motor Vehicle Engine and Parts Repair and Maintenance Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Households and individuals
  • Businesses and government
  • Transport operators
  • Chart: Major Market Segmentation for the Motor Vehicle Engine and Parts Repair and Maintenance 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 Engine and Parts Repair and Maintenance

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Engine and Parts Repair and Maintenance Industry

    • Industry Globalization

    Major Companies

    There are no major players in this industry. This report includes analysis of other companies.

    Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Engine and Parts Repair and Maintenance 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 Engine and Parts Repair and Maintenance Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Hybrid Vehicles
  • Usually referring to electric-hybrids, which run on an electric battery and a gasoline engine. They are more fuel efficient than a standard car.
    • Liquefied Petroleum Gas (Lpg)
  • A product of petroleum gases, principally propane and butane. It is a replacement to petrol and must be stored under pressure to keep it in a liquid state.
    • On-Board Diagnostic (Obd) Systems
  • A vehicle’s self-diagnosing system that controls engine functions and diagnoses engines problems. Most cars and trucks are manufactured with an OBD.
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    Why buy this report?

    IBISWorld’s Motor Vehicle Engine and Parts Repair and Maintenance 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 Motor Vehicle Engine and Parts Repair and Maintenance:
    • 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 Engine and Parts Repair and Maintenance 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 Engine and Parts Repair and Maintenance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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