PROSPECTS AND OPPORTUNITIES
Electrification and customer engagement set to drive growth in premium and luxury cars
Robust growth is anticipated for premium and luxury cars between 2025 and 2030. Retail sales are expected to rise at a current value compound annual growth rate (CAGR) of 8% and a constant value CAGR of 5% during this period.
Luxury car brands set to launch sustainable fully electric and hybrid models
High-income buyers are placing greater importance on environmental credentials, without compromising on performance, design, or comfort. The evolution of battery efficiency, extended driving ranges, and faster charging capabilities will also enhance the attractiveness of EVs.
Luxury car manufacturers will drive technological innovation moving forward
Between 2025 and 2030, key producers of premium and luxury cars in Australia are anticipated to intensify their focus on integrating connectivity and smart technology. To meet the evolving expectations of high-income consumers, manufacturers will emphasise advanced infotainment systems, seamless smartphone connectivity, and cutting-edge driver assistance features.
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Overview:
Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Premium and Luxury Cars in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Premium and Luxury Cars in Australia?
- Which are the leading brands in Premium and Luxury Cars in Australia?
- How are products distributed in Premium and Luxury Cars in Australia?
- How important is tourism in evaluating demand for Premium and Luxury Cars in Australia?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Premium and Luxury Cars in Australia - Category analysis
KEY DATA FINDINGS
Luxury car brands drive growth with sustainable offerings and bespoke services
Luxury car buyers drive demand for technologically advanced cars and digital sales platforms
Luxury car brands drive growth through electrification and innovation
Electrification and customer engagement set to drive growth in premium and luxury cars
Luxury car brands set to launch sustainable fully electric and hybrid models
Luxury car manufacturers will drive technological innovation moving forward
Luxury Goods in Australia - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
COUNTRY REPORTS DISCLAIMER
Premium and Luxury Cars
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Premium and Luxury Cars research and analysis database.
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