Automotive Specialty-Equipment Sales Increase to $50.9 Billion
Sales of specialty-machines elements achieved a new significant in 2021, raising to $50.9 billion in retail gross sales for the very first time in history—up from $47.9 billion in 2020.
The discovering will come from the new “2022 SEMA Marketplace Report,” accessible for down load at www.sema.org/analysis, providing the automotive aftermarket marketplace a thorough review of the specialty devices industry in 2021. The report features new details on the U.S. sector dimensions, shopper profiling, business traits and changes in the car inhabitants.
SEMA estimates the growth was pushed by powerful client desire in operating on their auto or truck, as far more than 80% of specialty-machines customers documented paying out as considerably, if not much more, time working on their personal motor vehicles as they did in the course of 2020.
“The 2022 SEMA Sector Report can aid member companies determine key places of fascination for customers, and wherever the most dollars was put in on sections in 2021,” stated SEMA Director of Sector Study Gavin Knapp. “As our greatest investigate report of the year, this is a have to-study for any enterprise owner who wishes to make strategic, details-driven selections.”
Limits on in-human being purchasing eased in 2021, prompting buyers to grow to be a lot more at ease likely back into outlets to invest in elements. The split of in-keep versus on-line profits in 2021 was roughly 50/50—versus 54% on-line in 2020, and 45% on line in 2019. This normalization is envisioned to continue in 2022.
Pickups keep on being the solitary greatest section in the specialty-devices pieces industry. An approximated 13.6 million pickups ended up modified by people in 2021, accounting for a blended 31% of specialty-machines pieces sales.
Ongoing provide chain difficulties are also a concern in 2022. Additional than 90% of specialty-gear suppliers, distributors and retailers come to feel their small business has been impacted by provide-chain-relevant worries. This, in flip, is softening expectations about 2022 product sales.
For additional info on the chance readily available in the automotive specialty-machines current market, obtain the 2022 SEMA Current market Report for absolutely free these days at www.sema.org/investigate.