Specialty Equipment Market Association says specialty-equipment industry sales at $51 billion in 2022, up 2% YOY

The association estimates that sales growth will remain “fairly flat” in 2023, before ramping back up in 2024

The Specialty Equipment Market Association (SEMA), a US-based trade organization for the automotive aftermarket industry has announced that the specialty-equipment market recorded a growth of 2% in 2022 reaching $51.8 billion in sales, according to a press release dated June 19, quoting the new 2023 SEMA Market Report.