The automotive parts aftermarket in Australia is a strong sector. According to the federal government, the market is worth around $8 billion, and employs more than 18,000 workers.
Let’s take a look at what the market involves, and a couple of the current trends.
First, what do we mean by the automotive parts aftermarket?
The automotive parts aftermarket covers all vehicle parts and accessories that are sold after a car has been purchased. As the original parts become worn with use or are damaged, they are replaced with aftermarket parts.
The automotive parts aftermarket gives consumers the flexibility to use the parts and accessories they choose, rather than being restricted to the often more expensive manufacturer’s parts.
Australians like to look after their vehicles
Australians as a whole tend to hang on to their cars. Electric vehicles are on the rise, but take-up in Australia is happening slowly. Many Australians prefer to repair their existing vehicles, and might be waiting to get more use from them before making the switch. In fact, figures from Finder.com show that Australians hold on to their cars for at least nine years, which is good news for the automotive parts aftermarket.
Going online
The online automotive parts aftermarket is going strong with significant growth over the last five years. Customers are shifting from buying auto parts at bricks and mortar retailers to online, and this means more and more suppliers are also going online to meet the demand. This growth is expected to continue to the benefit of retailers and consumers.
Having a strong parts aftermarket benefits all consumers. If you need replacement parts for your vehicle, from rubber suspension components to windscreen wipers or auto globes, we can help. Our range of quality aftermarket parts covers most makes and models.
