Australia Commercial Vehicle Market Report and Forecast 2024-2032

Australia Commercial Vehicle Market Outlook

The Australia commercial vehicle market size is projected to grow at a CAGR of 4.23% between 2024 and 2032.

Key Takeaways:

• The Australian Bureau of Statistics reports that the average household in 2022 owns 1.8 motor vehicles.

• A growing proportion of electric commercial vehicles are being registered in Australia.

• In 2022, Australia's automotive sector supplied more than a million new vehicles, with SUVs and light commercials constituting 76.8% of sales.

Electric vehicles drive the Australia commercial vehicle market growth by emitting zero tailpipe emissions, thus curbing pollution, and enhancing urban air quality.

Electric Vehicles (EVs) provide commercial advantages such as emissions-free operation, cost efficiency, high performance, and government backing. They also offer noise reduction, sustainability, and positive branding, appealing to customers and investors in the evolving transportation market.

Internal combustion engine (ICE) vehicles benefit from an established infrastructure, making them ideal for long-haul transportation. Their lower initial cost is advantageous for some businesses, along with their longer range, quick refuelling times, and versatility. Familiar technology reduces training expenses, while ongoing developments in efficiency and reliability ensure consistent transportation.

In 2021, the local market witnessed 1,049,831 new vehicle sales, with SUVs leading at 49.6%, followed by passenger cars at 24.2%, light commercial vehicles at 22.4%, and heavy commercial vehicles at 6.4%, according to the International Trade Administration.

Market Segmentation

Australia Commercial Vehicle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Light Commercial Vehicle 

• Medium and Heavy Commercial Vehicle 

Market Breakup by Propulsion Type

• Electric Vehicle

• IC Engine 

Market Breakup by End Use

• Mining and Construction 

• Industrial 

• Passenger Transportation

• Logistics 

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory 

• Western Australia

• Others

The Australia commercial vehicle market key players are Ford Motor Company of Australia Pty Limited, Isuzu Australia Limited, Mitsubishi Motors Australia Limited, General Motors Australia and New Zealand Pty Ltd., Volkswagen Group Australia Pty Ltd., Mercedes-Benz Australia/Pacific Pty Ltd and UD Trucks Corp. among others.

Key Highlights of the Report