Rocky road: The end of local passenger vehicle manufacturing has put the brakes on revenue

The Automotive Electrical Component Manufacturing industry has struggled over the past five years as import penetration has increased throughout the automotive supply chain. This factor, along with changing consumer preferences in downstream markets, has weakened demand for industry products over the period. As a result, industry revenue is expected to decline at an annualised 2.9% over the five years through 2018-19, to $1.0 billion.Industry operators have faced falling domestic demand over the past five years. Local manufacturers across the automotive supply chain have struggled to compete with foreign manufacturers that benefit from greater economies of scale and lower wage costs...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
-2.9%
Forecast Growth 19-24
Profit
Employment
2,495
Businesses
325
Market Share of Companies

Industry Threats & Opportunities

  • The end of local passenger vehicle manufacturing has significantly reduced demand for industry goods
  • Industry operators have struggled to develop export markets over the past five years
  • Demand from local motor vehicle manufacturers will entirely rely on truck and bus manufacturers
  • Industry Report - Industry SWOT Analysis Chapter

    The Automotive Electrical Component Manufacturing industry is in the decline phase of its economic life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is forecast to decline at an annualised 2.4% over the 10 years through 2023-24. This trend represents a significant underperformance of the overall economy, with real GDP projected to rise at an annualised 2.6% over the same period. Industry revenue has declined over the past five years due to falling demand from motor vehicle manufacturers, and is anticipated to decline further over the next five years...purchase to read more.

    Additional Insights for the Automotive Electrical Component Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Automotive Electrical Component Manufacturing are:

  • Establishment of export markets
  • Successful industrial relations policy
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Demand from motor vehicle manufacturing and Number of motor vehicles in the Automotive Electrical Component Manufacturing industry impact industry performance..

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    What's in this report

    What is the Automotive Electrical Component Manufacturing Industry?

    Industry operators primarily manufacture automotive electrical components, such as air conditioners and demisters. Operators supply components to both motor vehicle manufacturers and the aftermarket. Automotive battery manufacturing is excluded from the industry.

    Industry Products
  • Other non-engine parts
  • Automotive electrical components
  • Heaters and demisters
  • Engine-related parts
  • Industry Activities
  • Automotive electrical component (excluding batteries)
  • Automotive electrical component factory reconditioning
  • Automotive wire
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from motor vehicle manufacturing
  • Number of motor vehicles
  • Trade-weighted index
  • Consumer sentiment index

  • Current Performance
  • Structural problems
  • Foreign competition
  • Profit and exports
  • Chart: Revenue Growth

  • Industry Outlook
  • Manufacturing demise
  • Export markets
  • New direction
  • Table: Automotive Electrical Component Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Automotive Electrical Component Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Motor Vehicle Manufacturing
  • Motor Vehicle New Parts Wholesaling

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Other non-engine parts
  • Automotive electrical components
  • Heaters and demisters
  • Engine-related parts
  • Chart: Automotive Electrical Component Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Aftermarket
  • Domestic motor vehicle manufacturers
  • Export markets
  • Chart: Major Market Segmentation for the Automotive Electrical Component Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Automotive Electrical Component Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Automotive Electrical Component Manufacturing Industry

  • Industry Globalization
    Robert Bosch (Australia) Proprietary Limited,
  • Table: Robert Bosch (Australia) Proprietary Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Automotive Electrical Component Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Automotive Electrical Component Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market in which service parts or replacement parts are sold.
  • Diode
  • A component used to convert the electrical output produced by a vehicles alternator from alternating current (AC) to direct current (DC). DC power is then used to power the vehicles electronics.
  • Just-In-Time
  • Supply chain model predicated on delivery of parts to be used immediately in production, minimising inventory costs.
  • Original Equipment
  • Parts manufactured for motor vehicle manufacturers and their dealers, rather than for the aftermarket.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Automotive Electrical Component Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Automotive Electrical Component Manufacturing:
    • 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 Automotive Electrical Component Manufacturing 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 Automotive Electrical Component Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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