Australia Automotive Market Outlook 2021 Showing Strong Signs of Recovery After a Weak Backdrop – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Australia Automotive Market Outlook, 2021 – Passenger Cars, Commercial Vehicles, Ev Market Size, Share, Companies and Developments” report has been added to ResearchAndMarkets.com’s offering.

The Australia Automotive Market Outlook report presents forecasts of different vehicles including Passenger Cars, Commercial Vehicles, EV along with market Size, Share, Companies and Developments.

The global automotive industry is showing signs of recovery in H1-2021, after a weak backdrop during the last year. Continued momentum for electric vehicles is observed during the year and is likely to continue through 2022. Strong consumer demand coupled with purchasing power parity is encouraging the underlying demand trends for vehicles in Australia, with the market recovery to pre-pandemic levels. On the other hand, challenges related to supply chain disruptions, shortage of materials, in particular, semiconductor shortages, consumer demand fluctuation in major segments, and others pose risks.

Leading industry trends including rapidly evolving customer preferences, technological advancements, the impact of regulatory interventions, smart infrastructure, and other trends are set to shape the future of the Australian automotive industry.

The report identifies the major market drivers of the Australian automotive markets over the forecast period. Further, potential challenges faced by the Australian automotive companies are discussed in the industry.

To gain insights into the different industry factors impacting the Australian automobile market, the report analyzes the bargaining power of buyers and suppliers, the threat of new entrants and substitutes, and the competitive rivalry in the industry through the five forces analysis chapter.

The prospects of investing in the Australian automotive market are provided and compared with other countries in the region. These countries are compared on the automotive industry score and country score.

The Australian automotive sales including passenger car sales and commercial vehicle sales are forecast from 2020 to 2028. The impact of the COVID pandemic on sales volume and the recovery scenarios are discussed in detail. Electric Vehicle sales are also discussed in detail in the industry.

Further, details on the production volume of passenger cars, light commercial vehicles, buses, trucks, and others are provided along with historical data from 2016 to 2020 and forecasts from 2021 to 2028.

On the vendor landscape front, leading Australian automobile manufacturers and distributors are analyzed, including details of their major strategies, key focus areas, market shares, SWOT profiles, and financial analysis are included in the report.

Reasons to Buy

• Gain a quick overview of Australia automotive industry megatrends
• Identify the leading strategies and plans of key automotive companies
• Compare the prospects of Australia automobile market with other markets
• Understand the recent technological developments
• Plan your strategies through clear understanding of strengths, restraints, opportunities and threats
• Prepare supply and demand forecasts of different automotive vehicle types
• Understand competitive intelligence through detailed business profiles

For more information about this report visit https://www.researchandmarkets.com/r/9chdxy.

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