SEMA Presents International New Products Award to Specialty Automotive Companies

The Specialty Equipment Market Association (SEMA) presented its first-ever International New Products Award to select member companies in 2005, recognizing the growing global appeal of specialty automotive style and performance equipment. The award ceremony, held at the 2005 SEMA Show, attracted hundreds of international buyers, U.S. Department of Commerce officials, and the press. A prestigious jury of leading international journalists selected winners from over 1,000 new style and performance products introduced at the SEMA Show. The award aimed to identify products likely to succeed in international markets, with winners ranging from advanced ignition systems to sophisticated navigation systems and portable barbeques.

Key Takeaways:

• The SEMA International New Products Award was presented for the first time in 2005 to recognize the growing global appeal of specialty automotive style and performance equipment.
• A jury of leading international journalists selected winners from over 1,000 new products introduced at the SEMA Show, with 115 companies honored in total.
• Winners included companies such as Advanced Clutch Technology, Auto Meter, and Endura-Tech, among others, with products ranging from ignition systems to navigation systems and barbeques.
• The award aimed to identify products likely to succeed in international markets, with winners representing the niche market segments established by SEMA member companies.
• The industry provides appearance, performance, comfort, convenience, and technology products for passenger and recreational vehicles, generating $31 billion in revenue from 6,466 member-companies.
• SEMA represents the specialty automotive industry and provides research, data, trends, and market growth information for the specialty auto parts industry.

Statistics:

• 115 companies were honored with the International New Products Award.
• The award ceremony attracted hundreds of international buyers, U.S. Department of Commerce officials, SEMA-member company representatives, and the press.
• The jury reviewed over 1,000 new style and performance products introduced at the SEMA Show.
• The industry generates $31 billion in revenue from 6,466 member-companies.
• The specialty automotive industry provides appearance, performance, comfort, convenience, and technology products for passenger and recreational vehicles.

Sources:

• Business Wire, November 4, 2005
• SEMA, founded in 1963, representing the $31 billion specialty automotive industry of 6,466 member-companies.