Gross sales of specialty-tools parts arrived at a new superior in 2021, escalating to $50.9 billion in retail sales for the initially time in heritage—up from $47.9 billion in 2020.
The getting will come from the new “2022 SEMA Industry Report,” readily available for down load at www.sema.org/research, offering the automotive aftermarket sector a detailed evaluation of the specialty machines market in 2021. The report includes new knowledge on the U.S. marketplace sizing, purchaser profiling, sector traits and adjustments in the motor vehicle population.
SEMA estimates the expansion was pushed by strong shopper curiosity in doing the job on their vehicle or truck, as additional than 80% of specialty-equipment individuals described paying out as a great deal, if not more, time functioning on their personalized motor vehicles as they did for the duration of 2020.
“The 2022 SEMA Marketplace Report can help member firms determine important places of curiosity for buyers, and where by the most cash was put in on components in 2021,” explained SEMA Director of Sector Exploration Gavin Knapp. “As our most significant study report of the yr, this is a will have to-examine for any small business owner who would like to make strategic, details-pushed decisions.”
Limits on in-particular person searching eased in 2021, prompting individuals to turn into additional comfortable going again into merchants to invest in pieces. The break up of in-retail store as opposed to on-line gross sales in 2021 was roughly 50/50—vs . 54% on the net in 2020, and 45% on-line in 2019. This normalization is expected to carry on in 2022.
Pickups continue to be the single largest section in the specialty-tools areas sector. An approximated 13.6 million pickups were modified by customers in 2021, accounting for a blended 31% of specialty-machines sections product sales.
Ongoing supply chain issues are also a issue in 2022. Additional than 90% of specialty-gear producers, distributors and stores feel their small business has been impacted by provide-chain-relevant problems. This, in switch, is softening expectations relating to 2022 revenue.
For far more data on the opportunity out there in the automotive specialty-machines marketplace, obtain the 2022 SEMA Marketplace Report for totally free these days at www.sema.org/investigate.