Increased sales of specialized equipment parts by $3 billion

Sales of specialty equipment parts hit a new high in 2021, rising to $50.9 billion in retail sales for the first time in history, from $47.9 billion in 2020.

The conclusion comes from the new “2022 SEMA Market Report”, which is available for download at www.sema.org/research and provides the automotive aftermarket industry with a comprehensive review of the specialty equipment market in 2021. The report includes new data on US market size, consumer profile, industry trends and vehicle fleet development.

SEMA estimates that growth was driven by strong consumer interest in working on their car or truck, as more than 80% of specialty equipment consumers said they spend the same, if not more, time working on their vehicle. personal than in 2020.

The split of in-store sales to online sales in 2021 was around 50/50 ¬– compared to 54% online in 2020 and 45% online in 2019.

Pickup trucks remain the largest segment of the specialty equipment parts market, according to the organization. An estimated 13.6 million pickup trucks were modified by consumers in 2021, representing 31% of combined sales of specialty equipment parts.

Ongoing supply chain issues are also a concern in 2022, according to SEMA. More than 90% of specialty equipment manufacturers, distributors and retailers believe their business has been impacted by supply chain challenges. This, in turn, softens expectations for 2022 sales.