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Premium and Luxury Cars in Australia

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    Report

  • 19 Pages
  • September 2023
  • Region: Australia
  • Euromonitor International
  • ID: 5004107
Value sales of premium and luxury cars remained fairly static at AUD11.3 billion in 2023, owing mainly to the challenges across the macroeconomic and geopolitical landscape. The shortage of new luxury cars available was a bottleneck for the industry. There were multiple factors contributing to the shortage of new luxury vehicles, including the enduring impact of factory closures due to COVID-19, a shortage of the semi-conductors needed for cars, and shipping bottlenecks.

The Premium and Luxury Cars in Australia report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Premium and Luxury Cars market
  • Pinpoint growth sectors and identify factors driving change
  • Understand the competitive environment, the market’s major players and leading brands
  • Use five-year forecasts to assess how the market is predicted to develop
The analyst has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, The analyst has a unique capability to develop reliable information resources to help drive informed strategic planning.

Table of Contents

KEY DATA FINDINGS
2023 DEVELOPMENTS
  • Current retail value sales fairly static within premium and luxury cars
  • Number of premium and luxury cars declining
  • Premium and luxury cars is led by Mercedes-Benz Australia Pacific Pty Ltd in 2022
PROSPECTS AND OPPORTUNITIES
  • Value sales of premium and luxury cars forecast to rise over 2023-2028
  • Online sales set to rise in importance
  • Electric cars to become more significant
CATEGORY DATA
  • Table 1 Sales of Premium and Luxury Cars: Value 2018-2023
  • Table 2 Sales of Premium and Luxury Cars: % Value Growth 2018-2023
  • Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2022
  • Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2022
  • Table 5 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
  • Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
LUXURY GOODS IN AUSTRALIA
EXECUTIVE SUMMARY
  • Luxury goods in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for luxury goods?
MARKET DATA
  • Table 7 Sales of Luxury Goods by Category: Value 2018-2023
  • Table 8 Sales of Luxury Goods by Category: % Value Growth 2018-2023
  • Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
  • Table 10 NBO Company Shares of Luxury Goods: % Value 2018-2022
  • Table 11 LBN Brand Shares of Luxury Goods: % Value 2019-2022
  • Table 12 Distribution of Luxury Goods by Format and Category: % Value 2023
  • Table 13 Forecast Sales of Luxury Goods by Category: Value 2023-2028
  • Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources