By Kyle Cheng
Overall, 2021 was a strong year for the industry amid high demand, with many companies reporting record growth. The specialty-equipment market should continue to grow in 2022, but at more muted levels, before returning to more normal (pre-pandemic) growth for 2023 and beyond. In fact, nearly three-quarters (74%) of industry companies expect sales growth in 2022. Key impacts to keep an eye on moving forward will be consumer demand, supply-chain disruption, rising costs and automotive sales.
According to the “SEMA Future Trends – January 2022” report, nearly three-quarters (74%) of industry companies expect sales growth in 2022.
Want to learn more? Want to see the latest economic and supply-chain projections for 2022 and beyond? Download the new “SEMA Future Trends – January 2022” report. In it, you’ll find:
- Outlook for the specialty-equipment industry in 2022 and beyond.
- Projections for the U.S. economy, including consumer spending, inflation and employment.
- Outlook on the global supply chain and input prices.
- A look at changing demographics of consumers, and what that means for the industry in the future.
Download this report for free today at www.sema.org/research.
To get the latest economic information and trends affecting the specialty-equipment industry, also check out Market Research’s “SEMA Industry Indicators” report. Published monthly, this report provides a snapshot of the key economic and automotive indicators that impact the specialty-equipment industry.