Report Overview

The Australia commercial vehicle market size is expected to grow at a CAGR of 4.23% between 2024 and 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to BITRE, the number of light commercial vehicles registered in Victoria was 856,412 in 2022.
  • As per the BITRE, in 2022 the number of light commercial vehicles registered in Queensland was 990,560.
  • According to BITRE, in Australia in 2022, it was estimated that around 3,816,084 light commercial vehicles were registered.

Australia Commercial Vehicle Market Growth

Compound Annual Growth Rate

Value in AUD billion

4.23%

2024-2032


Australia Commercial Vehicle Market Outlook

*this image is indicative*

Based on type, the Australia commercial vehicle market share is led by medium and heavy commercial vehicle

For enhancing efficiency and safety, they are equipped with features including advanced safety systems and telematics. Heavy vehicles help businesses with various needs due to their diverse applications including refrigerated transport, and flatbed hauling. Moreover, the light commercial vehicles through urban areas are convenient to navigate. They provide cost savings and are used in various applications.

Australia Commercial Vehicle Market Summary Description Value
Base Year AUD Billion 2023
Historical period AUD Billion 2018-2023
Forecast Period AUD Billion 2024-2032
Market Size 2023 AUD Billion 21.0
Market Size 2032 AUD Billion 31.7
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.7%
CAGR 2024-2032 - Market by Region New South Wales 5.4%
CAGR 2024-2032 - Market by Region Western Australia 4.5%
CAGR 2024-2032 - Market by Type Light Commercial Vehicle 5.2%
CAGR 2024-2032 - Market by End Use Passenger Transportation 5.3%
Market Share by Region Queensland 18.2%

Australia Commercial Vehicle Market Report

Various trends driving the Australia commercial vehicle market development include the enhancement of safety, efficiency, and productivity due to the integration of self-driving technology. Moreover, fuel efficiency and optimization of routes can be done with the integration of telematics systems in commercial vehicles. Further, the use of lightweight materials in construction also helps in improving fuel efficiency. Furthermore, the maintenance needs of the vehicles can be met by using predictive maintenance systems in the vehicles. To reduce the chances of accidents and to improve the safety of the passengers, commercial vehicles are equipped with safety features such as lane departure warnings, collision avoidance systems and others.

CAGR 2024-2032 - Market by Region
New South Wales 5.4%
Western Australia 4.5%
Others 3.8%
Victoria XX%
Queensland XX%
Australian Capital Territory XX%

Australia Commercial Vehicle Market Segmentation

Australia Commercial Vehicle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Light Commercial Vehicle
  • Medium and Heavy Commercial Vehicle 

Market Breakup by Propulsion Type

  • Electric Vehicle
  • IC Engine

Market Breakup by End Use

  • Industrial 
  • Passenger Transportation

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

The Australia commercial vehicle market key players are Ford Motor Company of Australia Pty Limited, Isuzu Australia Limited, Mitsubishi Motors Australia Limited, General Motors Australia and New Zealand Pty Ltd., Volkswagen Group Australia Pty Ltd., Mercedes-Benz Australia/Pacific Pty Ltd, and UD Trucks Corp. 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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Key Questions Answered in the Report

The market was valued at AUD 0.00 billion in 2023.

The market is projected to grow at a CAGR of 4.23% between 2024 and 2032.

The revenue generated from the market is expected to reach AUD 0.00 billion in 2032.

The commercial vehicle market is growing with an increase in the development of safety systems, predictive maintenance systems integration, lightweight construction of vehicles, connected vehicles and autonomous technology.

Based on the type, the commercial vehicle market is bifurcated into light, medium and heavy commercial vehicle.

Key players in the Australia commercial vehicle industry are Ford Motor Company of Australia Pty Limited, Isuzu Australia Limited, Mitsubishi Motors Australia Limited, General Motors Australia and New Zealand Pty Ltd., Volkswagen Group Australia Pty Ltd., Mercedes-Benz Australia/Pacific Pty Ltd, and UD Trucks Corp. among others.

Based on propulsion type, the commercial vehicle market is divided into electric vehicle and IC engine.

The different end-uses of the commercial vehicle market include passenger transportation and industrial.

The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Type
  • Propulsion Type
  • End Use
  • Region
Breakup by Type
  • Light Commercial Vehicle 
  • Medium and Heavy Commercial Vehicle
Breakup by Propulsion Type
  • Electric Vehicle
  • IC Engine
Breakup by End Use
  • Industrial 
  • Passenger Transportation
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ford Motor Company of Australia Pty Limited
  • Isuzu Australia Limited
  • Mitsubishi Motors Australia Limited
  • General Motors Australia and New Zealand Pty Ltd.
  • Volkswagen Group Australia Pty Ltd.
  • Mercedes-Benz Australia/Pacific Pty Ltd
  • UD Trucks Corp.
  • Others

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