2002 SEMA Industry Update

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2002 Market Study CoverThose 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. The streak is probably longer, but industry wide records were not kept prior to 1985. In 2001, we saw an increase of approximately 4 percent. That may not seem like much, but reflect for a moment on everything that happened last year. A year in which the economy of the U.S. grew only 1.2 percent, but still a year that saw our industry increase more than three times that rate.

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