Income of specialty-gear components arrived at a new high in 2021, rising to $50.9 billion in retail income for the first time in record—up from $47.9 billion in 2020.
The finding arrives from the new “2022 SEMA Industry Report,” offered for obtain at www.sema.org/research, supplying the automotive aftermarket marketplace a comprehensive critique of the specialty machines market place in 2021. The report contains new info on the U.S. market place dimension, purchaser profiling, business trends and changes in the vehicle inhabitants.
SEMA estimates the development was driven by strong consumer curiosity in doing work on their car or truck, as extra than 80% of specialty-machines individuals described spending as much, if not extra, time working on their private cars as they did throughout 2020.
“The 2022 SEMA Marketplace Report can assistance member firms determine important places of interest for shoppers, and the place the most dollars was expended on components in 2021,” explained SEMA Director of Market Exploration Gavin Knapp. “As our biggest study report of the calendar year, this is a ought to-read for any company operator who wishes to make strategic, info-pushed conclusions.”
Limits on in-human being shopping eased in 2021, prompting individuals to turn into far more cozy going again into suppliers to buy components. The break up of in-keep vs . on the internet gross sales in 2021 was about 50/50—as opposed to 54% on-line in 2020, and 45% on the internet in 2019. This normalization is envisioned to keep on in 2022.
Pickups continue being the solitary most important section in the specialty-gear parts market. An approximated 13.6 million pickups were modified by consumers in 2021, accounting for a merged 31% of specialty-machines parts profits.
Ongoing provide chain problems are also a concern in 2022. More than 90% of specialty-gear brands, distributors and stores truly feel their organization has been impacted by offer-chain-relevant challenges. This, in turn, is softening expectations regarding 2022 revenue.
For extra information on the chance obtainable in the automotive specialty-devices current market, obtain the 2022 SEMA Industry Report for free of charge right now at www.sema.org/study.