The Business Research Company’s latest report Wholesale Global Market Report 2020 covers Wholesale market drivers, Wholesale market trends, Wholesale market segments, Wholesale market growth rate, Wholesale market major players, and Wholesale market size. The report provides in-depth analysis of the impact of COVID-19 on the Wholesale industry, along with revised market numbers due to the effects of the coronavirus.
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Wholesale Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global wholesale market is expected to decline from $48761.6 billion in 2019 to $48477.8 billion in 2020 at a compound annual growth rate (CAGR) of -0.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $56797.7 billion in 2023.
The global wholesale market is segmented by type into non-durable goods merchant wholesalers, wholesale electronic markets and agents and brokers, durable goods merchant wholesalers, by ownership into wholesale/distribution chain, independent wholesalers. Subsegments covered are paper and paper product merchant wholesalers, drugs and druggists sundries merchant wholesalers, apparel, piece goods, and notions merchant wholesalers, grocery and related product merchant wholesalers, farm product raw material merchant wholesalers, chemical and allied products merchant wholesalers, petroleum and petroleum products merchant wholesalers, beer, wine, and distilled alcoholic beverage merchant wholesalers, miscellaneous nondurable goods merchant wholesalers, motor vehicle and motor vehicle parts and supplies merchant wholesalers, furniture and home furnishing merchant wholesalers, lumber and other construction materials merchant wholesalers, professional and commercial equipment and supplies merchant wholesalers, metal and mineral (except petroleum) merchant wholesalers, household appliances and electrical and electronic goods merchant wholesalers, hardware, and plumbing and heating equipment and supplies merchant wholesalers, machinery, equipment, and supplies merchant wholesalers, miscellaneous durable goods merchant wholesalers.
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