Australia Commercial Vehicle Market Size, Share & Analysis 2022 By Vehicle Type (Light Commercial, Medium & Heavy Commercial Vehicles) , By Region, Forecast & Opportunities

The Australian Electric Commercial Vehicle Market Report is Segmented by Vehicle Type (Buses, Trucks, Pickup Trucks, and Vans) and Propulsion (Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles, and Fuel Cell Electric Vehicles). The Report Offers the Market Size and Forecast in Terms of Value (USD) for all the Above Segments.

The Australia commercial vehicle market size is projected to grow at a CAGR of 4.23% between 2025 and 2034.

The Asia-Pacific Commercial Vehicles Market report segments the industry into Vehicle Type (Commercial Vehicles), Propulsion Type (Hybrid And Electric Vehicles, ICE), and Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Rest-Of-APAC). Get five years of historical data alongside five-year market forecasts.

[109 Pages Report] Australia and New Zealand Light Commercial Vehicle Market Size, Share 2021 By Vehicle Type (Pickups, Vans & Light Buses), Competition Forecast and Opportunities

Market Size statistics on the Commercial Vehicle Wholesaling industry in Australia

In Australia Electric Commercial Vehicle Market, Nissan is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. With the Box Van adaptation, the Nissan Interstar can transport up to 22m3 of freight, which is equivalent to five Euro pallets.

United States Electric Commercial Vehicle Market was valued at USD 13.88 Billion in 2024 and is expected to reach USD 55.92 Billion by 2030 with a CAGR of 26.41% during the forecast period.

Industry operators sell new and used light-, medium- and heavy-duty trucks. The sale of trucks excludes the sale of truck semitrailers, vans and utility vehicles. The industry’s activities also exclude repair and maintenance services, the sale of truck parts and other aftermarket services.

The Australia Fire Truck Market report segments the industry into By Type (Rescue Trucks, Tankers, Pumpers, Multi-Tasking Trucks, Aerial Trucks, Others (Airport Crash Trucks and Others)), By Application (Local Agencies and Government Authorities, Residential and Commercial, Airport, Military, Others (Industrial and Others)), and By Propulsion (Internal Combustion Engine (ICE), Electric).

The Asia Pacific Electric Commercial Vehicles Market report segments the industry into Vehicle Body Type (Buses, Heavy-duty Commercial Trucks, Light Commercial Pick-up Trucks, Light Commercial Vans, Medium-duty Commercial Trucks), Fuel Category (BEV, FCEV, HEV, PHEV) and Country (Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Rest-of-APAC). The report includes market size in Value and Volume, and more.

The Australian electric vehicle (EV) market is experiencing robust growth, projected to reach a market size of $8.49 billion by 2025, with a Compound Annual Growth Rate (CAGR) of 33.06% from 2025 to 2033. This significant expansion is driven by several factors. Government incentives, such as purchase subsidies and tax breaks, are actively encouraging EV adoption. Increasing consumer awareness of environmental concerns and the rising cost of gasoline are further fueling demand. Technological advancements, leading to improved battery range, faster charging times, and more affordable EVs, are also crucial drivers. The market is segmented by propulsion type (Battery Electric Vehicles, Hybrid Electric Vehicles, Fuel Cell Electric Vehicles, Plug-In Hybrid Electric Vehicles) and vehicle type (Passenger Cars, Light Commercial Vehicles, Medium-Duty Commercial Vehicles, Heavy-Duty Commercial Vehicles). Key players such as Toyota, Tesla, Hyundai, and BYD are actively competing in this dynamic market, each leveraging its strengths in technology and brand recognition. While challenges remain, such as charging infrastructure limitations and the initial higher purchase price of EVs compared to gasoline-powered vehicles, the overall market trajectory indicates strong future growth. The forecast period of 2025-2033 presents substantial opportunities for EV manufacturers, charging infrastructure developers, and supporting industries. Competition is expected to intensify as more players enter the market and technological innovation continues. Addressing consumer concerns regarding range anxiety and charging convenience will be key to further accelerating market penetration. The increasing availability of second-hand EVs and the development of battery recycling infrastructure will also play vital roles in shaping the long-term sustainability of the Australian EV market. Government policies will continue to be instrumental in influencing market dynamics, particularly through investment in public charging infrastructure and the introduction of stricter emission regulations. The growth trajectory suggests a significant shift towards electric mobility in Australia over the coming decade. Recent developments include: April 2022: SEAT announced that CUPRA's first fully electric model CUPRA Born will go into production for Australia by the end of 2022 and will start deliveries early in 2023. 2022 will also see the automotive brand open a CUPRA City Garage in Sydney's CBD. The unique destination, close to the world's most famous harbor, will offer an unconventional and unique customer experience., March 2022: BYD Atto launched its three electric crossovers in Australia through the exclusive distributor EV Direct. Among them is the Atto 3, which is known as the Yuan Plus in China. This cutting-edge model is built on e-Platform 3.0 and incorporates BYD's advanced Blade EV battery technology. The Atto 3 is available in two energy capacities, with the standard variant (Superior) equipped with a 50.1-kWh pack that provides a WLTP range of 320 km. For those seeking an extended range, the Superior Extended Range variant comes with a 60.4-kWh unit capable of covering 420 km on a single charge., February 2022: Polestar announced the start of sales in Australia, with deliveries of the Polestar 2 set to begin in March with pre-configured vehicles. Polestar 2 is the first fully electric model in the Polestar portfolio, with pricing starting at a highly competitive USD 59,900 for the Standard range Single motor and USD 64,900 for the Long-range Single motor., February 2022: Hyzon Motors Inc. announced that Melbourne will be home to Hyzon Motors Australia's headquarters under a new partnership agreement between the RACV and Hyzon, a global leader in zero-emissions hydrogen-powered commercial vehicles. Hyzon Motors, in conjunction with the RACV at their Noble Park location, will develop a purpose-built facility including corporate offices, a showroom, assembly warehousing, and a workshop, expected to generate over 100 local engineering and manufacturing jobs by 2025.. Key drivers for this market are: Growing Investments into Developing Charging Infrastructure in the Country. Potential restraints include: Growing Investments into Developing Charging Infrastructure in the Country. Notable trends are: Hybrid Electric Vehicle Segment of Market Likely to Hold Significant Share in the Market.

Australia EV Market size was valued at USD 12 Billion in 2024 and is projected to reach USD 132.39 Billion by 2032, growing at a CAGR of 5.10 % from 2026 to 2032.

Australia EV Market Drivers

Government Incentives and Policy Support: Federal and state governments have implemented various measures to encourage EV adoption. These include rebates, tax exemptions, and reduced registration fees, making EVs more financially accessible to consumers. For instance, the Federal Government offers Fringe Benefit Tax exemptions and has removed customs duties for eligible vehicles. Additionally, investments are being made to expand EV charging infrastructure, with over AUD 300 million allocated to enhance public charging networks across the country.

Expansion of Charging Infrastructure: The growth of EVs is closely tied to the availability of charging stations. Australia has seen a significant increase in public charging locations, with a 57% rise compared to June 2022. This expansion alleviates range anxiety and supports the practicality of EV ownership, especially for those without access to home charging.

Technological Advancements and Affordability: Advancements in battery technology have led to improved vehicle range and reduced charging times, enhancing the appeal of EVs. Moreover, the introduction of more affordable models has made EVs accessible to a broader segment of the population. The number of EV models priced below $60,000 has increased from 14 to 22, catering to price-sensitive consumers and boosting market penetration.

The Commercial Vehicle Wholesaling industry has seen revenue surge over the past few years as wholesalers have leveraged high demand and prices. A shift in consumer behaviour following the COVID-19 pandemic led to an online shopping boom, accelerating road freight activities. This bolstered sales for commercial vehicles like vans and heavy rigid trucks from road freight operators. Popular utes, like the Toyota HiLux and Ford Ranger, showed robust sales as high levels of government stimulus temporarily expanded household incomes and savings. More recently, a severely constrained global supply chain has led to critical input shortages, like microprocessors. These shortages have slowed motor vehicle manufacturers' production and driven up prices. Wholesalers were able to raise vehicle prices to pass on their increased purchase costs to clients without dampening sales because demand surpassed supply. This enabled wholesalers to improve their profitability despite facing elevated purchase expenses. Overall, revenue is projected to have climbed at an annualised 3.7% over the five years through 2024-25, to $10.3 billion. This trend includes an anticipated drop of 3.6% in 2024-25. The public’s growing concerns about emissions in the transport sector are encouraging companies to adopt a more fuel-efficient vehicle fleet, including electric vehicles (EVs) and hybrids. The government has taken action, enforcing policies that mandate fuel efficiency and improved vehicle design. However, limited EV models in the Australian market and high initial expenditure are constraining EV uptake, especially for medium and heavyweight trucks. Over the coming years, the Federal Government’s support for enhancing EV charging infrastructure is set to boost EV uptake. Commercial vehicle wholesalers will be able to expand their business opportunities as automobile brands are planning to release new EV models in the Australian market. Revenue is forecast to climb at an annualised 1.5% through 2029-30, to $11.1 billion. Continuous growth in road freight transport activities may reinforce this positive performance. Even so, intense competition and new regulatory frameworks will place pressure on wholesalers to reduce prices, harming profit in the near term. Household discretionary income and business confidence are both projected to improve, which may offer wholesalers opportunities to acquire new clients and revenue streams.

Australia Automotive Camera Market size was valued at USD 0.85 Billion in 2024 and is projected to reach USD 2.13 Billion by 2031, growing at a CAGR of 12.3% from 2024 to 2031.

Australia Automotive Camera Market Drivers

Government Regulations: Australia has stringent road safety regulations, mandating the inclusion of certain safety features in new vehicles. This includes requirements for rearview cameras, lane departure warning systems, and other camera-based technologies. Focus on Road Safety: Road safety is a major concern in Australia, and the government and public are increasingly focused on measures to reduce accidents. Automotive cameras play a crucial role in enhancing road safety by improving driver awareness and assisting in accident prevention. Advancements in Technology: Continuous advancements in camera technology, such as higher resolution sensors, improved image processing, and the integration of artificial intelligence (AI), are leading to more sophisticated and effective camera systems. Rising Demand for Advanced Driver-Assistance Systems (ADAS): Australian consumers are increasingly demanding vehicles equipped with advanced driver-assistance systems (ADAS), which rely heavily on cameras for features like adaptive cruise control, lane keeping assist, and blind spot detection. Growth of the Autonomous Vehicle Market: The development of autonomous vehicles is driving significant demand for advanced camera systems, which provide crucial data for vehicle navigation, object recognition, and decision-making.

As of January 2023, the total number of registered vehicles in Australia was more than ** million. That year, the number of passenger vehicles in Australia amounted to approximately ***** million. Light commercial vehicles, which accounted for about **** million, came next. Vehicle industry in Australia In recent times, Australia's automotive sector has experienced notable transformations. Global trends are reflected in the market's increasing popularity of SUVs and electric automobiles. Australia saw ***** electric car sales in the first half of 2021, demonstrating an impressive level of resilience in electric vehicle sales in the face of the ongoing worldwide coronavirus pandemic and overall trends in new vehicle sales. Furthermore, environmental concerns have impacted the car industry, resulting in an increased emphasis on emission limits and the integration of cleaner technologies. Projected car emissions in Australia are expected to decrease from approximately ** million metric tons of carbon dioxide equivalent in 2030 to ** million in 2035. Overall, transport emissions are also set to slightly decrease from *** million metric tons in 2030 to ** million in 2035. Australian electric vehicle sector For several reasons, the switch to electric vehicles has been gaining popularity in Australia. Many people are choosing electric vehicles as they become more aware of their carbon footprint and want to lessen their reliance on fossil fuels and air pollution. The increasing availability of charging infrastructure across the country also makes EVs a practical and viable option for many Australians. Investments in public electric vehicle charging infrastructure persist, and the number of charging stations has experienced substantial growth since 2020.

The truck market in Australia is expected to see a steady increase in demand over the next decade, with forecasts showing a growth in market volume and value by 2035.

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Commercial Vehicle Steering System Market Size 2025-2029

The commercial vehicle steering system market size is forecast to increase by USD 4.43 billion at a CAGR of 5.8% between 2024 and 2029.

The market is driven by the electrification of automotive components for enhanced steering control and accuracy. This trend is fueled by the increasing demand for advanced safety features and improved fuel efficiency in commercial vehicles. Moreover, continuous advances in steering technology, such as electric power steering systems and active steering systems, are gaining popularity due to their ability to provide better maneuverability and reduced driver effort. However, the market faces significant challenges, including increasing cost pressure on Original Equipment Manufacturers (OEMs) due to the rising cost of raw materials and labor.
To capitalize on the market opportunities, companies must focus on developing innovative and cost-effective steering solutions while adhering to regulatory requirements. Effective operational planning and strategic partnerships can help OEMs navigate these challenges and maintain a competitive edge in the market. Lightweight steering systems, such as those using hydraulic pumps, are also in focus for fuel-efficient cars and commercial vehicles to reduce emissions. Additionally, stringent regulations regarding emissions and safety standards add to the financial burden for OEMs, necessitating the need for cost-effective and efficient steering systems.

What will be the Size of the Commercial Vehicle Steering System Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is witnessing significant advancements, driven by the integration of advanced technologies such as human-machine interfaces, active and electro-mechanical steering, over-the-air updates, parking assist, and automated emergency braking. Electro-hydraulic steering systems are gaining traction due to their fuel efficiency and ease of integration with electronic systems. Failure modes and component lifespan are critical concerns for fleet operators, leading to a growing demand for remote diagnostics and aftermarket parts. Sensors, including lateral acceleration, yaw rate, and road friction, are essential for enhancing safety and improving driving dynamics. Additionally, steering systems are evolving to support advanced features like all-wheel steering, servo-assisted steering, driver fatigue detection, and autonomous driving.

Noise and vibration reduction, night vision, head-up displays, and driver displays are also becoming increasingly important for enhancing driver comfort and safety. Data analytics and vibration analysis are key trends in the market, enabling predictive maintenance and optimizing component performance. Blind spot detection and adaptive front-lighting systems are further enhancing safety and reducing accidents. Overall, the market is experiencing dynamic growth, driven by technological innovations and the evolving needs of the transportation industry. This trend is particularly prominent in the commercial vehicle sector, where improved fuel efficiency and reduced emissions are key priorities.

How is this Commercial Vehicle Steering System Industry segmented?

The commercial vehicle steering system industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Light commercial vehicle
  Medium and heavy commercial vehicle


Type

  Electronic power steering
  Electro-hydraulic power steering
  Hydraulic power steering


Propulsion

  Diesel vehicle
  Gasoline vehicle
  Electric vehicle
  Hybrid vehicle


End-user

  OEM
  Aftermarket


Geography

  North America

    US
    Canada
    Mexico


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The Light commercial vehicle segment is estimated to witness significant growth during the forecast period. Commercial Vehicle Steering Systems Market: Trends and Developments the market encompasses various components, including Electronic Stability Program (ESP) systems, angle sensors, vehicle dynamics control, stability control, steering wheel controls, commercial vehicles, ball joints, power steering, haptic feedback, driver assistance systems, multi-function steering wheels, steering column adjustment, traction control, off-highway vehicles, steering columns, steering shafts, steering gears, tilt steering, steering dampers, steering pinions, collision avoidance, wheel alignment, infotainment system integration, control arms, ABS systems,

The Australian fire truck market, valued at $158.40 million in 2025, is projected to experience steady growth, driven by increasing government investments in fire safety infrastructure and a rising demand for advanced firefighting equipment. The market's Compound Annual Growth Rate (CAGR) of 4.81% from 2025 to 2033 indicates a promising outlook. Key growth drivers include urbanization, increasing frequency of bushfires and other fire-related incidents, and a growing need for specialized vehicles like rescue trucks and aerial trucks to combat complex fire scenarios. The market is segmented by type (Rescue Trucks, Tankers, Pumpers, Multi-Tasking Trucks, Aerial Trucks, Airport Crash Trucks, and Others), application (Local Agencies, Residential & Commercial, Airport, Military, and Industrial), and propulsion (Internal Combustion Engine (ICE) and Electric). While ICE vehicles currently dominate the market, the rising adoption of electric vehicles in various sectors is anticipated to gradually increase the electric fire truck segment's market share over the forecast period. This shift reflects a growing focus on environmental sustainability and reduced carbon emissions within the fire services sector. Competition within the market is relatively concentrated, with key players including WA Fire Appliances, Varley Group, Tatra Trucks, and Rosenbauer Group actively vying for market share through product innovation and strategic partnerships. The market's growth trajectory is likely influenced by government regulations and policies promoting fire safety and the adoption of advanced firefighting technologies. The robust growth potential of the Australian fire truck market is further supported by the increasing awareness of fire safety among residential and commercial sectors. This leads to heightened demand for private fire safety solutions and specialized fire suppression equipment. Furthermore, the expanding airport infrastructure and associated safety requirements contribute significantly to the demand for specialized airport crash trucks. The market is also influenced by technological advancements, with the incorporation of advanced features such as improved water pumps, enhanced safety systems, and GPS tracking systems to improve operational efficiency and response times. The evolving landscape of fire safety practices and the continuous need for advanced firefighting solutions are expected to fuel steady market expansion throughout the forecast period. The continued modernization of fire services and the focus on improving response times will continue to drive demand for technologically advanced fire trucks. Recent developments include: February 2024: The authorities in Victoria ordered approximately 30,000 people to evacuate parts of the city after the Australian Bureau of Meteorology alerted catastrophic fire dangers. The state emergency department deployed firefighters in Bayindeen to control a bushfire., November 2023: The Rural Fire Service in New South Wales, Australia, reported that approximately 2,000 fire trucks deployed by the local authorities do not comply with national safety standards. These trucks do not have protection systems to protect their crew during burnovers. The Rural Fire Service upgraded or replaced 400 fire trucks to comply with the required standards., October 2023: Due to the effects of climate change, extreme bushfires were reported in Victoria's Gippsland region and New South Wales's South Coast. Firefighters were deployed on the spot to control the bushfires, which led to the evacuation of several people.. Key drivers for this market are: Strict Government Regulations to Adopt Fire Safety Standards. Potential restraints include: Strict Government Regulations to Adopt Fire Safety Standards. Notable trends are: Local Agencies and Government Authorities Segment to Dominate the Market during the Forecast Period.

Employment statistics on the Commercial Motor Vehicle Insurance industry in Australia