Automotive Specialty-Equipment Sales Increase to $50.9 Billion

 

Sales of specialty-machines areas arrived at a new higher in 2021, raising to $50.9 billion in retail income for the to start with time in history—up from $47.9 billion in 2020.

The acquiring will come from the new “2022 SEMA Sector Report,” obtainable for down load at www.sema.org/investigate, giving the automotive aftermarket sector a extensive overview of the specialty gear sector in 2021. The report involves new facts on the U.S. current market measurement, consumer profiling, sector trends and modifications in the motor vehicle population.

 

SEMA estimates the advancement was pushed by sturdy buyer interest in operating on their automobile or truck, as far more than 80% of specialty-products shoppers noted paying as considerably, if not much more, time doing work on their individual cars as they did during 2020.

 

“The 2022 SEMA Sector Report can assistance member corporations determine important places of interest for people, and the place the most income was used on components in 2021,” claimed SEMA Director of Market Research Gavin Knapp. “As our major analysis report of the 12 months, this is a must-browse for any company operator who wishes to make strategic, information-driven conclusions.”

 

Limitations on in-individual buying eased in 2021, prompting customers to turn into much more snug going again into shops to obtain areas. The break up of in-retailer compared to online revenue in 2021 was roughly 50/50—vs . 54% on line in 2020, and 45% on the net in 2019. This normalization is envisioned to continue on in 2022.

 

Pickups continue to be the single most significant phase in the specialty-machines parts current market. An believed 13.6 million pickups were modified by shoppers in 2021, accounting for a merged 31% of specialty-products parts gross sales.

 

Ongoing supply chain problems are also a problem in 2022. Extra than 90% of specialty-tools manufacturers, distributors and merchants come to feel their business has been impacted by offer-chain-related difficulties. This, in convert, is softening anticipations regarding 2022 profits.

 

For extra information on the possibility out there in the automotive specialty-equipment industry, download the 2022 SEMA Market Report for cost-free currently at www.sema.org/investigation.

 

Supply: SEMA