June 14, 2024


Where Innovation Lives

Specialty-Equipment Parts Sales Increase by $3 Billion

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Profits of specialty-equipment parts achieved a new large in 2021, growing to $50.9 billion in retail gross sales for the to start with time in heritage – up from $47.9 billion in 2020.

The getting arrives from the new “2022 SEMA Marketplace Report,” which is readily available for obtain at www.sema.org/investigation and offers the automotive aftermarket business a complete assessment of the specialty-devices sector in 2021. The report involves new knowledge on the U.S. market place dimensions, client profiling, marketplace developments and adjustments in the car or truck population.

SEMA estimates that the expansion was pushed by sturdy shopper fascination in functioning on their vehicle or truck, as more than 80% of specialty-tools buyers documented paying as much, if not far more, time performing on their private motor vehicles as they did in the course of 2020.

The split of in-retail outlet versus on line income in 2021 was approximately 50/50 ¬– as opposed to 54% on the internet in 2020, and 45% on the web in 2019.

Pickups remain the single biggest phase in the specialty-devices parts current market, the organization suggests. An approximated 13.6 million pickups had been modified by customers in 2021, accounting for a put together 31% of specialty-gear areas product sales.

Ongoing offer chain concerns are also a worry in 2022, SEMA suggests. More than 90% of specialty-devices suppliers, distributors and suppliers really feel that their small business has been impacted by offer-chain-relevant problems. This, in turn, is softening expectations pertaining to 2022 profits.


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