• 6

Showing yet another year of strong growth, the specialty-equipment aftermarket parts business grew by 9 percent in 2005 to end up at $34.3B. That's nearly double the size of the market ten years ago, and in each of those years, the auto aftermarket has grown at a faster rate than the US Gross Domestic Product.

As SEMA points out, the automotive aftermarket in the US now rivals book sales, the pet-care industry, and the coffee business, and is even larger than the global athletic-shoe market. Yeah, sure, everyone needs Starbucks and comfy shoes, but apparently there's just as much demand for mobile audio, nitrous systems, and big wheels.

[Source: SEMA]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 8 Years Ago
      I think it's great. It gives kids (like myself) something to care about. I know that since I started modifying my car, I have had a much stronger work ethic. I want to work harder so that I can afford the parts. It also gives someone self confidence to see a project come together, like creating a custom fiberglass enclosure or restoring a classic muscle car. More power to the industry, I say.
      • 8 Years Ago
      I'd like to see the numbers of how much of this is pure replacement parts(including tires), versus "performance upgrades" and/or accessories.
      • 8 Years Ago
      Agree with DriftPunch, and would also like to know how much is internal between OEM and dealer. If 34B were consumer money, I think there'd be more people getting involved.
      • 8 Years Ago
      "....NOW rivals the pet-care industry..."
      I'm not sure what that says about us. Until recently, we were spending MORE on pets than on aftermarket parts for cars/trucks, but now it's close to even? And coffee?
      • 8 Years Ago
      You guys always seem to find the negative about the topic rather then the postive.
      • 8 Years Ago
      Oh, I'd say 90% of the stuff isn't needed on a car/truck.

      Most of it is plastic stuff attached w/ double sided sticky tape