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Australia Luxury Car Market Size, Share, Growth, Analysis: By Vehicle Type: Hatchback, Sedan, Sports Utility Vehicle and Multi-Purpose Vehicles; By Propulsion Type: Internal Combustion Engine (ICE), Electric; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Australia Luxury Car Market Outlook
The Australia luxury car market size is projected to grow at a CAGR of 5.88% between 2024 and 2032.
Key Takeaways:
- According to Australian Bureau of Statistics, approximately 600,000 persons in Australia are earning between USD 380 and USD 389 per week.
- Further, around 4.3% of the population are having a weekly income in the range of USD 490 to USD 499.
- As per ABS, employee wages and salary are the main source of personal income for most people aged between 15 and 64 years.
Evolving consumer preferences, better technicality, advanced features, along with rising disposable income are expected to drive the Australia luxury car demand
In Australia luxury car market, high-end carmakers are constantly pushing the technical features in their vehicles. This includes everything from super-smart safety features, like automatic brakes that kick in on their own and lane warnings to keep the vehicle on track, to next-level entertainment systems that work flawlessly with the phone and provide a better safety feature the customers.
Australia luxury car market offers more attractive car options to buyers owing to a surge in cutting-edge technology. This trend caters to a new generation of customers who value high-tech features alongside the classic hallmarks of luxury cars, such as comfort, speed, and status.
Further, Australia luxury car demand is expected to witness significant growth due to growing affluence and advancements in traditional gasoline and diesel engines. As disposable income increases, customers are more likely to consider buying a luxury car. Improvements in engine technology – like cleaner emissions, better performance, and increased fuel efficiency – make traditional engines more attractive options for luxury car buyers. This trend of strong sales in the gasoline and diesel segment is anticipated to propel the entire Australian luxury car market forward in the coming years.
Market Segmentation
Australia Luxury Car Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
- Hatchback
- Sedan
- Sports Utility Vehicle and Multi-Purpose Vehicles
Market Breakup by Propulsion Type
- Internal Combustion Engine (ICE)
- Electric
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia luxury car market key players are Aston Martin Lagonda Limited, BMW Australia Ltd., Ferrari S.p.A, Mercedes-Benz Australia/Pacific Pty Ltd., General Motors Australia and New Zealand Pty Ltd., Tesla Motors Australia, Pty Ltd., RVDA Pty Ltd., Porsche Cars Australia Pty Ltd., McLaren Automotive Limited, and Mazda Australia Pty Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Propulsion Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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Australia Luxury Car Market Report Snapshots
Australia Luxury Car Market Size
Australia Luxury Car Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Luxury Car Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Luxury Car Historical Market (2018-2023)
8.3 Asia Pacific Luxury Car Market Forecast (2024-2032)
9 Australia Luxury Car Market Overview
9.1 Key Industry Highlights
9.2 Australia Luxury Car Historical Market (2018-2023)
9.3 Australia Luxury Car Market Forecast (2024-2032)
10 Australia Luxury Car Market by Vehicle Type
10.1 Hatchback
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Sedan
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sports Utility Vehicle and Multi-Purpose Vehicles
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Luxury Car Market by Propulsion Type
11.1 Internal Combustion Engine (ICE)
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Electric
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia Luxury Car Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Aston Martin Lagonda Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 BMW Australia Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Ferrari S.p.A
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Mercedes-Benz Australia/Pacific Pty Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 General Motors Australia and New Zealand Pty Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Tesla Motors Australia, Pty Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 RVDA Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Porsche Cars Australia Pty Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 McLaren Automotive Limited
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Mazda Australia Pty Ltd.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Luxury Car Market: Key Industry Highlights, 2018 and 2032
2. Australia Luxury Car Market: Key Industry Highlights, 2018 and 2032
3. Australia Luxury Car Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
4. Australia Luxury Car Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
5. Australia Luxury Car Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
6. Australia Luxury Car Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
7. Australia Luxury Car Historical Market: Breakup by Region (USD Million), 2018-2023
8. Australia Luxury Car Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Australia Luxury Car Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.88% between 2024 and 2032.
The market is categorised according to propulsion type, which includes internal combustion engine (ICE) and electric.
The key players are Aston Martin Lagonda Limited, BMW Australia Ltd., Ferrari S.p.A, Mercedes-Benz Australia/Pacific Pty Ltd., General Motors Australia and New Zealand Pty Ltd., Tesla Motors Australia, Pty Ltd., RVDA Pty Ltd., Porsche Cars Australia Pty Ltd., McLaren Automotive Limited, and Mazda Australia Pty Ltd., among others.
Based on the vehicle type, the market is divided into hatchback, sedan, and sports utility vehicle and multi-purpose vehicles.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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