Market Study

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Those who are not part of the industry would have trouble accepting that any industry could exhibit continued growth patterns as this industry does. Last year, 2001, the automotive specialty equipment industry continued its incredible growth pattern. With the exception of 1991, the industry has had at least 16 years of continual growth.

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On an annual basis we continue to see the specialty automotive products industry growing. Since 1992, the industry has had an average annual growth of 8 percent. That's eight years of nice increases. How long can the industry keep up such a pace? There are many companies within the industry that are still reporting appreciable sales gains.

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The specialty automotive equipment industry has always been hard to quantify; not only is it fragmented, but depending on who you talk to, the market definition has any number of possibilities. The approach used here defines specialty automotive equipment as products and services used to improve or otherwise change production vehicles.

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The automotive aftermarket is typically divided into three major segments: repair parts, service and maintenance, and specialty equipment. The approach used here defines specialty equipment as aftermarket products and services used to improve or otherwise change production vehicles.