Over the last five years, the aftermarket industry has seen a steady 18 percent increase in sales and now the people that supply everything from high-performance carbs to those annoying LED windshield washer squirters rake in over $35 billion annually.
The sales segments are broken down into three categories. The first is appearance and accessories, which make up a large portion of the industry, followed by tires, wheels and suspension equipment and then racing and high-performance equipment, bring up the rear.
Overall, this increase in sales is due to a few specific factors, the largest of which is a higher rate of car owners in the U.S. population. This, coupled with both the over-60 crowd supposedly having more disposable income and, of course, the tuner market contributing to the boom.
It's a good time to be in the business, now all we have to do is come up with the next big aftermarket craze.
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