Dublin, March 26, 2025 (GLOBE NEWSWIRE) -- The "Australia Automotive Market Report and Forecast 2025-2034" has been added to ResearchAndMarkets.com's offering. The report looks into the market shares, plant turnarounds, capacities, investments, and mergers & acquisitions, among other major developments, of the leading companies operating in the Australia automotive market.
According to this report, the Australia automotive market size is projected to grow at a CAGR of 5.9% between 2025 and 2034. Aided by the rising demand for electric vehicles (EVs) and growing advancements in automotive technology, the market is expected to grow significantly by 2034.
The rising demand for fuel-efficient and environmentally friendly vehicles is driving the Australia automotive market growth. With rising concerns over carbon emissions and climate change, the government has introduced stringent emission regulations and incentives for electric vehicle adoption. This has accelerated the shift towards hybrid and electric vehicles, with key players investing in expanding their EV offerings and charging infrastructure.
The increasing awareness of environmental sustainability and the Australian government's commitment to reducing carbon emissions have led to a surge in EV adoption. This is one of the key Australia automotive market trends. With incentives such as rebates, lower registration fees, and grants for EV buyers, more consumers are shifting away from internal combustion engine (ICE) vehicles. Automakers are expanding their EV portfolios, and infrastructure investments in charging stations are further supporting this transition.
Modern vehicles are incorporating advanced driver assistance systems (ADAS), autonomous driving features, and AI-powered diagnostics, significantly improving safety, efficiency, and user experience. Innovations like connected car technology, vehicle-to-everything (V2X) communication, and smart infotainment systems are becoming standard in high-end and mid-range vehicles. Australian consumers are showing a strong preference for technologically advanced cars, thereby fuelling the Australia automotive market expansion.
Australian consumers have shown a strong preference for SUVs and utility vehicles (UTEs) due to their versatility, off-road capabilities, and spacious designs. Automakers are catering to this demand by expanding hybrid and electric SUV line-ups, making them more fuel-efficient and environmentally friendly. This trend is particularly strong in regional and suburban areas, where consumers require vehicles suited for long distances and rugged terrain. This is increasing the Australia automotive market revenue.
Sustainability is becoming a major focus in the Australian automotive industry. Automakers are shifting towards lightweight materials, recyclable components, and alternative fuels to reduce the carbon footprint of vehicle production. Hydrogen fuel cell vehicles (FCVs) are also gaining traction, with manufacturers like Toyota and Hyundai investing in hydrogen-powered transport solutions. This is one of the key Australia automotive market trends.
Due to economic fluctuations and rising new car prices, the used car market in Australia is booming. Consumers are opting for pre-owned vehicles due to their affordability, and dealers are leveraging digital platforms to enhance the used car buying experience. The surge in online marketplaces, such as CarSales, CarsGuide, and Gumtree, has made it easier for buyers to access certified pre-owned vehicles with warranties. This is accelerating the Australia automotive market development.
The rise of ride-hailing services (e.g., Uber, Ola) and car-sharing platforms (e.g., GoGet) has transformed urban mobility in Australia. These services are reducing personal vehicle ownership rates in metropolitan areas, hence encouraging the development of affordable and fuel-efficient fleet vehicles. Automakers are responding by designing cars specifically for shared mobility, focusing on durability, low maintenance, and connectivity features.
As per the Australia automotive market analysis, the demand for premium and performance-oriented vehicles is increasing in Australia due to rising disposable incomes and changing consumer preferences. Brands such as BMW, Mercedes-Benz, and Tesla have experienced strong sales growth, particularly in the electric and hybrid luxury segments. Consumers are seeking high-tech features, superior comfort, and sustainability, driving the expansion of the luxury vehicle market.
The Australia automotive market outlook looks promising, with increasing investments in electric vehicles, advancements in autonomous technology, and a shift towards sustainable transportation. Government policies promoting clean energy and consumer preference for technologically advanced vehicles will play a crucial role in shaping the market's trajectory.
Key Topics Covered
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia-Pacific Automotive Market Overview
5.1 Key Industry Highlights
5.2 Asia-Pacific Automotive Historical Market (2018-2024)
5.3 Asia-Pacific Automotive Market Forecast (2025-2034)
6 Australia Automotive Market Overview
6.1 Key Industry Highlights
6.2 Australia Automotive Market Historical Market (2018-2024)
6.3 Australia Automotive Market Forecast (2025-2034)
7 Australia Automotive Market by Vehicle Type
7.1 Passenger Cars
7.2 Commercial Vehicles
8 Australia Automotive Market by Engine Type
8.1 Electric Vehicle
8.2 Hybrid Electric Vehicle
8.3 Plug-in Hybrid Electric Vehicle
8.4 Mild Hybrid Vehicle
8.5 Natural Gas Vehicle
8.6 Fuel Cell Electric Vehicle
8.7 Diesel Vehicle
9 Australia Automotive Market by Region
9.1 New South Wales
9.2 Victoria
9.3 Queensland
9.4 Australian Capital Territory
9.5 Western Australia
9.6 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profiles
11.5.1 Volkswagen Group Australia Pty. Ltd.
11.5.1.1 Company Overview
11.5.1.2 Product Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 Hyundai Motor Company Australia Pty. Limited
11.5.3 Ford Motor Company of Australia Pty. Limited
11.5.4 Toyota Motor Corporation Australia Limited
11.5.5 Volvo Car Australia Pty. Ltd.
11.5.6 RVDA Pty. Ltd.
11.5.7 Others
For more information about this report visit https://www.researchandmarkets.com/r/bh32og
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