Australia Auto Parts Aftermarket Market

Australia Auto Parts Aftermarket Market Overview:

The Australia auto parts aftermarket market size is projected to exhibit a growth rate (CAGR) of 5.20% during 2025-2033. The aging vehicle fleet, increasing vehicle lifespan, a growing vehicle parc, and rising demand for performance and customization parts are propelling the market growth. Furthermore, a shift toward online retail and e-commerce platforms, the rise of electric and hybrid vehicles, the growth of ride-sharing and fleet services, and expansion in the road freight sector are fueling the market growth. Apart from this, a surge in used car sales, greater demand for collision repairs, and supportive insurance-linked repair models are providing a thrust to the Australia auto parts aftermarket share.

Australia Auto Parts Aftermarket Market Trends:

Surging Aging Vehicle Fleet

The aging vehicle fleet in Australia is one of the major drivers of the auto parts aftermarket. As vehicles get older, they naturally require more servicing, replacement parts, and ongoing maintenance to stay roadworthy. This marks a steady upward trend and reflects how Australian consumers are holding on to vehicles longer rather than replacing them quickly. Older cars generally require more frequent part replacements, including wear-and-tear items such as brake pads, filters, belts, and spark plugs. This trend supports a steady, recurring demand in the aftermarket segment. In regions with older fleets, parts distributors and workshops can expect a higher flow of business as drivers aim to extend the usability of their cars. With cars aging across the board, the aftermarket sector remains essential to Australia’s vehicle ownership landscape.

Increasing Average Vehicle Lifespan

Another factor pushing the Australia auto parts aftermarket market growth is the increasing average lifespan of vehicles. Rather than replacing vehicles every few years, many Australians are opting to maintain and repair existing ones. This doesn’t just reflect the durability of modern cars but also changing consumer behavior, where cost-of-living pressures and high new vehicle prices are encouraging people to delay purchasing new cars. As a result, older vehicles on the road need more frequent servicing and part replacement to remain functional. Common components like batteries, tires, suspension parts, and hoses tend to degrade over time, creating constant aftermarket demand. In fact, according to a 2024 report by the Australian Automotive Aftermarket Association (AAAA), the average age of vehicles in Australia reached 11.2 years, the highest on record, underscoring the growing reliance on maintenance and parts replacement. Workshops and service centers also benefit from this, as customers are more willing to invest in keeping vehicles running than buying new ones. The longer a car stays in use, the more likely it is to need non-warranty repairs, which typically fall outside dealership servicing and enter the aftermarket space. 

Expansion of Vehicle Parc

The expansion of Australia’s overall vehicle parc directly influences the size of the auto parts aftermarket. As of January 2023, Australia had 21.2 million registered motor vehicles, showing a 2.3% increase compared to the previous year. This growing fleet means more cars, trucks, and vans on the road needing routine servicing and occasional part replacement. A larger vehicle base naturally leads to higher consumption of essential components like oil filters, brakes, and air conditioning parts. It also increases demand for collision repairs, cosmetic upgrades, and tech retrofits. The rise in vehicle registrations includes both new and used vehicles, and many of the latter are already out of warranty and depend on aftermarket services. Additionally, Australia’s vast geography leads to greater vehicle dependence, especially in regional and remote areas where car ownership is often essential for mobility. As the number of vehicles grows, so does the pressure on workshops, parts suppliers, and distributors to meet ongoing repair and service needs. This growth in parc size ensures a stable demand pipeline for the aftermarket segment, making it a vital component of the country’s automotive industry.

Australia Auto Parts Aftermarket Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-20333. Our report has categorized the market based on type and application.

 Type Insights: 

• Steering 
• Chassis Parts 
• Suspension 

The report has provided a detailed breakup and analysis of the market based on the type. This includes steering, chassis parts, and suspension. 

Application Insights: 

• Passenger Car 
• Commercial Vehicle 

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes passenger car and commercial vehicle. 

Regional Insights: 

• Australia Capital Territory & New South Wales 
• Victoria & Tasmania 
• Queensland 
• Northern Territory & Southern Australia 
• Western Australia 

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia. 

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Auto Parts Aftermarket Market News:

• In 2024, ARB announced a strategic collaboration with Toyota for the new 4Runner Trailhunter, an off-road-focused vehicle. ARB will provide a range of specialized off-road accessories, including custom suspension systems, recovery gear, and vehicle protection products tailored to the Trailhunter's rugged performance. This collaboration highlights ARB's continued push to innovate within the off-road segment and expand its footprint in the automotive aftermarket sector.
• In 2023, Castrol launched the HYSPEC range, designed for hybrid vehicles, featuring eight variants that deliver at least 25% improvement in key performance areas. These products now cater to nearly all hybrid models in Australia.

Australia Auto Parts Aftermarket Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia auto parts aftermarket market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia auto parts aftermarket market on the basis of type?
• What is the breakup of the Australia auto parts aftermarket market on the basis of application?
• What is the breakup of the Australia auto parts aftermarket market on the basis of region?
• What are the various stages in the value chain of the Australia auto parts aftermarket market? 
• What are the key driving factors and challenges in the Australia auto parts aftermarket market?
• What is the structure of the Australia auto parts aftermarket market and who are the key players?
• What is the degree of competition in the Australia auto parts aftermarket market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia auto parts aftermarket market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia auto parts aftermarket market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia auto parts aftermarket industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.