SEMA has released its 2024 Market Report, revealing that wheel, tire, and suspension aftermarket products accounted for $12.38 billion in sales in the United States in 2023. This includes $5.68 billion from suspension, brake, and steering products, and $6.70 billion from performance/special purpose tires, off-road/oversize tires, and custom wheels.
Produced by SEMA Market Research, the SEMA Market Report is the Association's largest report of the year and offers new insights into the size and scope of the specialty-equipment industry. WTSBC members can download the report now at www.sema.org/research to gain insight into market sizing by parts category, information on where consumers shopped for aftermarket parts and accessories in 2023, and key industry trends that are currently impacting the market.