DIAMOND BAR, Calif. — The value of the automotive specialty equipment aftermarket grew 4 percent last year to $43 billion and is expected to keep growing throughout 2018, according to the Specialty Equipment Market Association (SEMA).
2017 marks the eighth straight year of post-recession growth for the automotive specialty aftermarket, according to data presented in the 2018 SEMA Market Report.
Among highlights presented in the Market Report:
- Pickup products accounted for $12.4 billion (29 percent) of sales in 2017;
- In-store purchases accounted for roughly two-thirds of all retail sales in 2017;
- 33 percent of all specialty-equipment consumers were under 30 years old; and
- Wheels, tires and suspension products accounted for $9.75 billion in sales, and are projected to grow nearly 4.5 percent in 2018.
The 2018 SEMA Market Report is filled with details about the state of the industry and how products are bought, obtained and installed. The 82-page report also includes information on specialty automotive consumers, key industry and economic trends, and insights into the vehicles on the road.
The free report is available for download at sema.org/research.
For more information, contact Gavin Knapp [email protected].