The flourishing automotive specialty industry, with a market size of $31 billion in the US, is an attractive investment for many automakers and independent dealers. Out of nearly 6,000 US specialty-parts firms, a handful of automakers have shown their business interest by entering into collaboration with some of them. This has gradually pushed the automotive appearance products into the mainstream market.
Though the industry bears a promising potential, yet it was observed that the growth recorded in the financial year 2002-2003 was badly shaken in the following financial year 2003-2004 and 2004-2005. This negative effect was on account of the high cost of vehicles, inadequate propaganda, a large number of alternative products flooding the market, and security concerns hovering over the Americans. The financial year 2004-05 saw only a growth of 7.7 percent in a market of $28.9 billion. Out of this, the major contribution was of appearance accessories (25 percent), followed by equipment for racing and sporting accessories (17.6 percent), and handling equipment products and services (3.5 percent).
The market research report titled "U.S. Automotive Specialty Equipment Market (2010): Regaling to Dark Ages" by RNCOS is a guiding tool for the investors in this industry in preparing contingency plans and accessing the risks involved.
- The market size, market segments, region, and purchase profiles of the overall US automotive specialty equipment industry.
- The retailing scenario of the automotive specialty equipment industry (market size and product group contribution).
- The stimulators and inhibitors of the market.
- Demographics of the US automotive specialty equipment consumers.
- Factors influencing the purchase of specialty equipment with regards to the area and brand preference.
- Snapshot of performance chemicals—products used for the maintenance of the vehicle and its parts.
- Profiles of major players in the US automotive specialty equipment industry.
The report analyzes US Automotive Specialty Equipment market. Chapter 2 provides with an overview of US automotive specialty equipment market and Chapter 3 discusses US automotive specialty equipment market segments. Chapter 4 covers US automotive specialty equipment consumer profile whereas Chapter 5 provides with market niches at manufacturer level. US automotive specialty equipment product trends and retail channels are discussed under Chapter 6 & 7. Finally, Chapter 8 analyzes the major company profiles.