Luxury Car Market in Australia to grow at a CAGR of 5.12% by 2026| Evolving Opportunities with BMW AG & Volkswagen AG | Technavio

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Luxury Car Market in Australia 2022-2026: Scope

 Our luxury car market in Australia report covers the following areas:

• Luxury Car Market in Australia size
• Luxury Car Market in Australia trends
• Luxury Car Market in Australia industry analysis

Luxury Car Market in Australia 2022-2026: Drivers & Challenges

The key factor driving growth in the luxury car market in Australia is the integration of advanced safety technologies in luxury cars to gain higher safety ratings. The automotive industry in the country is witnessing the development of safety technologies, which are making luxury vehicles safer and more reliable on roads. The high fatality rates due to the growing number of accidents have pushed automotive OEMs to incorporate new safety features to make the crossovers safer to drive. The penetration rate of such advanced safety systems, such as emergency brake assist, lane departure warning system, collision mitigation warning, blind-spot detection, and automatic emergency braking system, is found to be higher in sedans compared with SUVs. ANCAP ratings and different governments' impetus for safer luxury cars have pushed automakers to incorporate advanced safety systems in their luxury car portfolio to increase their customer base. This introduction of new safety technologies by luxury car manufacturers will drive the demand among consumers in the near future.

However, the decline in the automotive industry due to the global semiconductor chip shortage will be a major challenge for the luxury car market in Australia during the forecast period. The chip shortage has pushed carmakers to idle production lines for a long period of time and thus hindered automotive production. The entire car industry is amid a severe parts shortage forcing carmakers to halt production and slash exports to Australia. The semiconductor chip shortage faced by American and European key vendors would negatively impact the market in focus since various luxury cars are being exported from these regions to Australia. Thus, the aforementioned causes will negatively impact the luxury car market in Australia.

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Luxury Car Market in Australia 2022-2026: Segmentation Analysis

• Vehicle Type
• SUVs
• Others
• Propulsion Type
• IC engine-based vehicles
• Electric vehicles

Luxury Car Market in Australia 2022-2026: Revenue Generating Segment

The luxury car market in Australia by the IC engine-based vehicles segment will be significant for revenue generation. The majority of the luxury car market in Australia is penetrated by diesel and gasoline engines. This growth of the segment is attributed to an increase in consumer disposable income, which, in turn, increased the adoption of luxury cars in the country. Technological developments are also resulting in improvements in IC engines in terms of emission, performance, and fuel efficiency. This trend is also expected to foster the growth of this segment of the market.

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The competitive scenario provided in the Luxury Car Market In Australia report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Luxury Car Market In Australia Forecast Report -  Buy Now!

Luxury Car Market in Australia 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist the luxury car market in Australia's growth during the next five years
• Estimation of the luxury car market in Australia size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the luxury car market in Australia
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the luxury car market in Australia vendors

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Table Of Contents :

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Propulsion type

• Market segments
• Comparison by Propulsion type
• IC engine-based vehicles - Market size and forecast 2021-2026
• Electric vehicles - Market size and forecast 2021-2026
• Market opportunity by Propulsion type

Market Segmentation by Vehicle type

• Market segments
• Comparison by Vehicle type
• SUV - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by Vehicle type

Customer landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Aston Martin Lagonda Ltd.
• BMW AG
• Daimler AG
• Ferrari NV
• JAGUAR LAND ROVER AUTOMOTIVE PLC
• Stellantis NV
• Tesla Inc.
• Toyota Motor Corp.
• Volkswagen AG
• Volvo Car Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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