SEMA eNews Vol. 21, No. 17, April 26, 2018

Our Industry Is Strong and Growing—Are You Ready?

By Kyle Cheng

  Industry Perspectives ReportIn a recent study conducted by SEMA Market Research, most manufacturers, distributors and retailers surveyed saw increased sales over the past year.
   

The overall outlook for the automotive specialty-equipment industry is strong. In a recent study conducted by SEMA Market Research, most manufacturers, distributors and retailers surveyed saw increased sales over the past year. They were even more optimistic for the future: 82% of manufacturers expect an increase in sales over the next 12 months, followed by distributors (74%) and retailers (68%). Across the board, the size, scope and consumer base of the industry is expected to grow.

International sales are increasingly becoming an important revenue source for U.S.-based manufacturers. Eighty-four percent of those surveyed sell products outside our borders, either directly or through channels that reach overseas markets. Leading markets include Canada, Australia and Europe.

Want to learn more about the state of the industry and find out the biggest barriers perceived within your segment? Interested in seeing current and projected product trends? Check out SEMA’s new free “Industry Perspectives Report.”

To see all of the reports available through SEMA Market Research, visit www.sema.org/research.

What do you think about the state of the industry? We need help from the SEMA community!  

Some of you may have received an email from a company called Directions Research. If you receive a message from them inviting you to take a survey, rest assured that it is legitimate.

If you get this invitation, help us out and take a few minutes to provide your feedback. This will help us to provide the best information for our industry.

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