Automotive Specialty-Equipment Sales Increase to $50.9 Billion

Linda D. Klein

 

Income of specialty-equipment parts reached a new large in 2021, escalating to $50.9 billion in retail gross sales for the to start with time in background—up from $47.9 billion in 2020.

The acquiring comes from the new “2022 SEMA Current market Report,” out there for obtain at www.sema.org/investigate, furnishing the automotive aftermarket sector a detailed review of the specialty equipment market place in 2021. The report features new details on the U.S. industry dimensions, client profiling, marketplace tendencies and changes in the automobile inhabitants.

 

SEMA estimates the growth was driven by robust client fascination in performing on their automobile or truck, as a lot more than 80% of specialty-machines customers claimed shelling out as substantially, if not far more, time operating on their individual automobiles as they did in the course of 2020.

 

“The 2022 SEMA Industry Report can help member corporations identify crucial parts of desire for shoppers, and the place the most funds was invested on parts in 2021,” stated SEMA Director of Market Investigate Gavin Knapp. “As our most significant investigate report of the year, this is a must-browse for any company operator who would like to make strategic, facts-pushed selections.”

 

Restrictions on in-particular person purchasing eased in 2021, prompting customers to develop into more comfortable likely back again into stores to purchase pieces. The break up of in-keep versus on line revenue in 2021 was approximately 50/50—compared to 54% on the web in 2020, and 45% on-line in 2019. This normalization is envisioned to go on in 2022.

 

Pickups continue to be the one most important phase in the specialty-products parts sector. An estimated 13.6 million pickups were modified by customers in 2021, accounting for a combined 31% of specialty-gear components profits.

 

Ongoing supply chain difficulties are also a issue in 2022. A lot more than 90% of specialty-gear manufacturers, distributors and shops truly feel their business enterprise has been impacted by source-chain-relevant difficulties. This, in transform, is softening expectations with regards to 2022 gross sales.

 

For extra information on the prospect offered in the automotive specialty-gear market place, download the 2022 SEMA Market place Report for no cost now at www.sema.org/investigate.

 

Source: SEMA

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