Australia Automotive Aftermarket Market Analysis

The Australia Automotive Aftermarket Market is estimated to be valued at USD 13.45 Bn in 2024 and is expected to reach USD 17.38 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.73% from 2024 to 2031.

The Australia automotive aftermarket has been witnessing consistent growth over the past few years. The number of vehicles on road has steadily increased creating demand for repairs and maintenance. Further, Australians are holding their vehicles for longer which is increasing the lifetime value of aftermarket products and services per vehicle. Older vehicles require more repairs and parts replacement driving the aftermarket revenues. However, newer vehicles come with advanced technologies which allow predictive repairs and maintenance through telematics-collected data analysis. This helps reduce unexpected breakdowns. Aftermarket companies are focusing on enhancing customer experience through improved supply chain and logistic networks to ensure timely availability of parts across Australia. The rising vehicle parc and demand for maintenance of older vehicles will continue supporting the revenue growth of Australia automotive aftermarket market in the coming years.