Motor vehicle new parts wholesalers have struggled since local passenger vehicle manufacturing ended in 2017-18, which is why demand from motor vehicle manufacturers has plummeted. Volatile consumer sentiment and periods of weak growth in disposable income have constrained demand from the aftermarket, despite a rise in the number of registered motor vehicles.Speed bump: Poor economic conditions and vehicle manufacturer exits have slowed down revenue
Deteriorating economic conditions caused by the COVID-19 pandemic also diminished demand for vehicle parts and accessories, with industry revenue falling by 1. 6% in 2022-23, to $9. 1 billion, and profit sinking to 4. 8% of industry revenue. Industry operators wholesale new motor vehicle and motorcycle parts and accessories. These parts include batteries, car audio systems and motor vehicle and motorcycle tyres. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
