The Performance Automotive Opportunity for Fabricators is hot!
You may know Huth got its start in automotive, as the original Huth pipe bender was designed for the exhaust shop. Since OE exhaust systems don’t rust out anymore, our business growth today is coming primarily from performance automotive and manufacturers in tube and pipe fabrication. Both segments seem to appreciate our end forming equipment and ability to help them with cool tooling (including some amazing custom tooling) … maybe even more than our pipe benders.
We are a SEMA member, and the SEMA annual report just came out. There were some interesting facts I would like to share. The Performance automotive market is growing at a rate of 8% per year, which is pretty darn good. Within this, “Street performance”, guys enhancing performance characteristics of the vehicle for use on the street, (and by the way, a segment that makes great use of Huth benders to do exhaust upgrades without breaking the bank) is growing at an an eye popping 13%. 13%!!! Show me a market growing 13%, and I’ll show you a great market to get into! Also note that the racing segment is growing 11.9%.
Manufacturers today realize nearly $40B in specialty equipment sales (yes, B=billion)… just think what the installers and services of these segments are pulling in.
Here are some of the other attractive market niches, according to the report.
In addition to STREET PERFORMANCE, whose growth over the past several years continues to drive the industry’s overall expansion, there are potentially profitable businesses in:
OFF-ROAD, LIGHT-TRUCK, RESTORATION, COMPACT PERFORMACE, STREET ROD AND CUSTOM, RESTYLING and RACING.
So, if you have ideas for how to grow in these niches … or even if you haven’t thought of how you can build business in these growing areas and want some ideas, call us at 800-558-7808.
Did you know you can get one FREE expander tool with purchase of our Mitey Mate Jr. 1685S expander with our summer expander - ganza until September 2,2016?
