Premium and Luxury Cars in Australia

September 2023 | 19 pages | ID: P0DB33D04579EN
Euromonitor International Ltd

Abstracts

Value sales of premium and luxury cars remained fairly static at AUD11.3 billion in 2023, owing mainly to the challenges across the macroeconomic and geopolitical landscape. The shortage of new luxury cars available was a bottleneck for the industry. There were multiple factors contributing to the shortage of new luxury vehicles, including the enduring impact of factory closures due to COVID-19, a shortage of the semi-conductors needed for cars, and shipping bottlenecks.

Euromonitor International's Premium and Luxury Cars in Australia report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2027 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Premium and Luxury Cars market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

Premium and Luxury Cars in Australia
Euromonitor International
September 2023

LIST OF CONTENTS AND TABLES

PREMIUM AND LUXURY CARS IN AUSTRALIA
KEY DATA FINDINGS

2023 DEVELOPMENTS

Current retail value sales fairly static within premium and luxury cars
Number of premium and luxury cars declining
Premium and luxury cars is led by Mercedes-Benz Australia Pacific Pty Ltd in 2022
PROSPECTS AND OPPORTUNITIES
Value sales of premium and luxury cars forecast to rise over 2023-2028
Online sales set to rise in importance
Electric cars to become more significant
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2018-2023
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2018-2023
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2022
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2022
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
LUXURY GOODS IN AUSTRALIA
EXECUTIVE SUMMARY
Luxury goods in 2023: The big picture

2023 KEY TRENDS

Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2018-2023
Table 8 Sales of Luxury Goods by Category: % Value Growth 2018-2023
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
Table 10 NBO Company Shares of Luxury Goods: % Value 2018-2022
Table 11 LBN Brand Shares of Luxury Goods: % Value 2019-2022
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2023
Table 13 Forecast Sales of Luxury Goods by Category: Value 2023-2028
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources