Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Passenger Cars Market Outlook
*this image is indicative*
The Australia passenger cars market comprises various vehicle types including SUVs, hatchbacks, compact SUVs and sedan. They offer benefits including environmental benefits due to sustainable electric vehicles, economic benefits to the users and comfort-providing features including adjustable seats and smartphone connectivity to multimedia systems.
According to the Australia Bureau of Statistics, the short-term visitors arriving in New South Wales witnessed around 51.2% change from January 2023 to January 2024 whereas it was around 24.5% for Western Australia. This indicates that the number of visitors arriving in the states has increased from 2023 to 2024, thus further contributing to the Australia passenger car market share.
The Australia passenger cars market is enhanced by the increase in the new models launch, electric vehicle growth, government policies and safety measures, online purchasing and digitalization.
New Models Launch
Recently it has been witnessed that many carmakers including Toyota, Ford, and Volkswagen are about to release new electric car models in Australia.
Various safety features are being incorporated in the passenger cars including autonomous emergency braking systems, lane-keeping assist, and pedestrian detection systems.
Electric vehicles offer various advantages including the requirement of less energy to charge and can even be charged by using solar power at home as well.
The online purchasing of passenger cars helps consumers to get a wide variety of vehicles for selection and increases the chances of transparency and convenience.
BYD has launched a new passenger car “ATTO 3” in Australia which is an electric vehicle designed with high efficiency, safety and high battery performance.
Renault has recently launched a new electric car “Renault Megane E-Tech” in Australia which has replaced the old long-running petrol Megane.
Toyota has launched its first battery electric car “bZ4X” in Australia. It will be available in two models including an all-wheel-drive model and a front-wheel-drive model.
Australia and Indonesia have signed a Memorandum of Understanding (MOU) which is a collaboration between the two in the electric vehicle industry and aims to cooperate on new processing and manufacturing methods.
As per the Australia passenger cars market report, various trends related to safety measures in passenger cars are taking place including autonomous emergency braking systems, lane-keeping assist, etc. Further, the online purchase of passenger cars has increased due to better purchasing options with discount offers and better interaction with the sellers. The launch of various new models of electric cars is also taking place including the Ford Mustang Mach-E, BYD Seal, MG Cyberster etc. The electric vehicles provide various benefits including less maintenance cost, low power usage with higher efficiency and thus contributing significantly to the Australia passenger market growth.
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Australia Passenger Cars 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
SUV offers various benefits over sedans including the higher passenger accommodating capacity and providing better safety to the passengers due to the higher seating position. Moreover, they also can be easily used on rough roads and terrain areas due to their higher ground clearance capacity. Hatchback offers less visibility due to the narrow rear window availability and also experiences higher vibration disturbances on rough roads.
Electric car drives the Australia passenger cars market growth as they require less maintenance cost and are environment friendly with zero carbon emission. They also can be charged by using renewable energy including solar and wind energy and offer a smoother driving experience to the users. They are also embedded with various technologies and safety facilities to make their usage comfortable for the users. Gasoline cars emit harmful gases including carbon dioxide and nitrogen oxide in the air and require a higher cost of maintenance.
Personal usage of passenger cars offers various benefits to the users including helping individuals to commute daily to the workplace through the car with comfort and allowing them to explore recreational activities. They also help users to socialize better with other people and help during emergencies. Commercial usage of passenger cars involves the rental services provided by various companies and the delivery services including food or product delivery.
The Australia passenger cars market competitiveness has increased due to new models launch, electric vehicle growth, government policies and safety measures, online purchasing and digitalization.
Toyota Motor Corporation Australia, was founded in 1963 and is Victoria-based company. It is involved in the designing and manufacturing of vehicles of various models including Hatch and sedans, SUVs etc.
Mercedes-Benz Australia/Pacific Pty Ltd is headquartered in Melbourne, Victoria. It is involved in the manufacturing of various models of cars including electric and Plug-in hybrid.
Ford Motor Company of Australia Pty Limited, is a Mulgrave, Victoria-based company. It designs various vehicles including Juke, Navara, LEAF, Fleet etc.
Other Australia passenger cars market key players are Honda Australia Pty Ltd, and Nissan Motor Co. (Australia) Pty Ltd, among others.
According to the Bureau of Infrastructure and Transport Research Economics Statistical Report, the increase in the registration of passenger cars was witnessed in New South Wales from around 4,448,265 in 2021 to around 4,485,364 in 2022 whereas in Victoria it increased from 3,959,797 in 2021 to 4,004,555 in 2022. This indicates that the registration of passenger cars has increased from 2021 to 2022 in all the regions further contributing to the Australia passenger car market growth.
*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 was estimated at AUD 91.92 billion in 2023.
The market is projected to grow at a CAGR of 3.25% between 2024 and 2032.
The market is expected to reach AUD 122.58 billion in 2032.
The passenger cars market is growing with an increase in the new models launch, electric vehicle growth, government policies and safety measures, online purchasing and digitalization.
Based on the vehicle type, the passenger cars market is bifurcated into sedans, compact SUVs, hatchback and SUVs.
Key players in the industry are Toyota Motor Corporation Australia, Mercedes-Benz Australia/Pacific Pty Ltd, Ford Motor Company of Australia Pty Limited, Honda Australia Pty Ltd, and Nissan Motor Co. (Australia) Pty Ltd, among others.
Based on application, the passenger cars market is divided into personal and commercial.
The different fuel types of passenger cars include gasoline 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 Fuel 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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