Jan. 8, 2009 - Report on Specialty Accessories and Appearance Products Analyzes Annual Growth Rates
BETHESDA, MD – Jan. 8, 2009 – During the 10-year period from 1998 to 2007, the specialty accessories and appearance products industry experienced increases averaging nearly 8.7 percent per year, while the U.S. economy had an average annual growth of only 3.2 percent per year, according to a recently-released report by the Automotive Aftermarket Industry Association (AAIA). In addition, the total “automotive aftermarket” grew at an average annual rate of 4.1 percent.
Reported to be a $38 billion market segment, AAIA commissioned an in-depth analysis in 2008 entitled Report on Specialty Accessories and Appearance Products. With market research assistance from the Specialty Equipment Manufacturers Association (SEMA), Ducker, Findlay, Swoboda & Associates, LLC focused on five key research categories. These categories include:
- Detailed report on interior trim and accessories.
- Detailed report on exterior accessories.
- Detailed report on restyling.
- Detailed report on electronics.
- Voice of the customer report on specialty accessories in the aftermarket.
The purpose of this study was to identify trends and market conditions influencing the extraordinary growth of “Specialty Accessories and Appearance Products” in the U.S. automotive aftermarket and to report the key factors involved.
The report summarizes the methodology, results, analysis and key findings on such key factors as industry performance, quality and trends of imported products, priorities of the customer and future market trends. The research methodology for the report utilized four survey instruments that probed the basic levels of insight ranging from key manufacturing executives to the final end user.
Report on Specialty Accessories and Appearance Products is $450 for AAIA and SEMA members and $650 for non-members. For more information on the report or to order a copy, contact AAIA at 301-654-6664 or visit www.aftermarket.org.
About AAIA
AAIA is a Bethesda, Md.-based association whose more than 23,000 member and affiliates manufacture, distribute and sell motor vehicle parts, accessories, service, tool, equipment, materials and supplies. Through its membership, AAIA represents more than 100,000 repair shops, parts stores and distribution outlets.