Base Year
Historical Year
Forecast Year
Value in AUD Billion
2024-2032
Australia Luxury Car Market Outlook
*this image is indicative*
Based on vehicle type, the Australia luxury car market share is led by sedan
Sedan provide good performance by offering responsive handling and a powerful engine. The enhanced comfort level is due to the presence of advanced suspension systems and better-quality materials. Moreover, to keep the occupants safe on the road, they integrate various features such as automatic emergency braking, adaptive cruise control and others. Hatchback luxury cars offer better fuel efficiency due to their lightweight and smaller size and can be easily handled in windy areas.
The use of hybrid and electric luxury cars is increasing due to their low carbon emissions, and the usage of environment-friendly manufacturing processes that results in contributing to sustainability goals. Moreover, to drive the Australia luxury car market growth, the integration of technologies including smartphone connectivity and advanced infotainment systems is increasing. The trend of improving the efficiency of luxury cars and enhancing the driving experience is also being fuelled by advancements in facilities such as gesture control interfaces and others. Recently, Cadillac has decided to launch in Melbourne and Sydney to sell luxury cars via retail stores or websites.
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
Market Breakup by Propulsion Type
Market Breakup by Region
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.
*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.*
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The market is projected to grow at a CAGR of 5.88% between 2024 and 2032.
The Australia luxury car market is growing with an increase in the development of sustainable approaches, enhancing performance, and technology integration.
Based on the vehicle type, the luxury car market is bifurcated into hatchback, sedan, sports utility vehicle and multi-purpose vehicle.
Key players in the industry 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, Mazda Australia Pty Ltd., and others.
Based on propulsion type, the luxury car market is divided into internal combustion engines (ICE) and electric.
The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
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| Breakup by Vehicle Type |
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| Breakup by Propulsion Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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