WHAT’S FUELLING THE SECTOR?

Construction and mining activity is projected to grow, boosting demand for industry services, suggests Daisy Feller, the author of IBISWorld’s MotorVehicleEngine andPartsRepairandMaintenanceinAustralia,June 2020.

Growing activity in the construction and transport sectors is expected to lead to a rise in demand for truck and commercial vehicle maintenance.

New cars are likely to be more environmentallyfriendly and technologically advanced, which means complex repairs. Overall the industry forecast is for a minimal revenue rise – an annualised 1.4 per cent over the next five years. Now revenue is estimated at $11.7 billion, and in 2024–25 it is predicted to reach $12.6 billion.

More than half of the industry is dedicated to motor vehicle servicing.