Annual Market Studies

2007 SEMA Market Study

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2007 Markt Study CoverIn 2006, retail sales of specialty automotive products reached $36.73 billion. Since 1996, the automotive-specialty-equipment industry has grown 104.7% over the course of 11 years.  During that same time, the average annual increase in industry sales was 7.31%.  During the same time period the average increase in new-vehicle sales averaged 1.07% per year.  Obviously, although new-vehicle sales have a significant impact on industry sales, there are more factors at work.

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2006 SEMA Market Study

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2006MarketStudyAs an industry, the companies involved in producing, selling and installing automotive performance parts and accessories are not readily recognized by the average consumer. But when it comes to the products that the industry provides, consumers quickly relate them to freedom of choice—the choice of having a car or truck just the way you want it. Performance parts and accessories give consumers the choice to adapt their vehicles to how they see themselves, to how they drive, and to how they live.

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2005 SEMA Industry Update

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2004 SEMA Industry Update

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2003 SEMA Industry Update

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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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2001 SEMA Market Study

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2001 market studyOn 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. Of course there is the other side of the coin and some companies are struggling, but as a whole the industry appears to be holding its own. One of the secrets to industry growth is niches. Since most of the companies involved with specialty automotive equipment are small, niche markets that are unprofitable for larger firms provide a good living with potential for growth. Combined with owners and operators who are enthusiasts at heart, niche markets provide an excellent spawning ground for innovative products.

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1999 SEMA Market Study

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1999 market study coverThe 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. For the consumers who purchase the industry's products, the real distinction is that performance parts and accessories make their vehicles more enjoyable. In 1998, manufacturer sales of specialty automotive products reached $7.47 billion at manufacturer level, and retail sales were $21.2 billion. That's an increase of 71.6 percent from 1990, when manufacturers' sales of specialty equipment were $4.352 billion.

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1998 SEMA Market Study

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1998 Market Study CoverThe 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. In this way we differentiate specialty equipment from repair parts used to maintain a vehicle in its original condition. In 1997, sales of specialty automotive products reached $6.85 billion at manufacturer level and retail sales were $19.33 billion. An increase of 57.4 percent from 1990, when the manufacturers' sales of specialty equipment was $4.35 billion.

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