The Wholesale Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wholesale Global Market Report 2024, The wholesale market size has grown strongly in recent years. It will grow from $49488.7 billion in 2023 to $53017.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to economic growth, global trade, supply chain efficiency, government policies, infrastructure development, globalization.
The wholesale market size is expected to see strong growth in the next few years. It will grow to $68092.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing sustainability concerns, demand for health and wellness products, diversification of product offerings, regulatory changes, logistics innovation, global economic uncertainty. Major trends in the forecast period include digital transformation in wholesale, data analytics and business intelligence, integration of artificial intelligence (ai), cross-border wholesale trade, blockchain for supply chain transparency.
The wholesale market is expected to benefit from the steady economic growth forecast for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.
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The wholesale market covered in this report is segmented –
1) Wholesale Market By Type: Non-Durable Goods Wholesalers, Wholesale Electronic Markets And Agents And Brokers, Durable Goods Wholesalers
2) Wholesale Market By Ownership: Wholesale/Distribution Chain, Independent Wholesalers
3) Wholesale Market By Price Range: Premium, Mid-Range, Economy
Top Major Players
Walmart Inc.
Amazon.com Inc.
Berkshire Hathaway Inc.
AmerisourceBergen Corp.
Cardinal Health Inc.
Subsegments Covered: Paper And Paper Product Wholesalers, Drugs And Druggists Sundries Wholesalers, Apparel, Piece Goods, And Notions Wholesalers, Grocery And Related Product Wholesalers, Farm Product Raw Material Wholesalers, Chemical And Allied Products Wholesalers, Petroleum And Petroleum Products Wholesalers, Beer, Wine, And Distilled Alcoholic Beverage Wholesalers, Miscellaneous Nondurable Goods Wholesalers, Business to Business Electronic Markets, Wholesale Trade Agents and Brokers, Motor Vehicle And Motor Vehicle Parts And Supplies Wholesalers, Furniture And Home Furnishing Wholesalers, Lumber And Other Construction Materials Wholesalers, Professional And Commercial Equipment And Supplies Wholesalers, Metal And Mineral (except Petroleum) Wholesalers, Household Appliances And Electrical And Electronic Goods Wholesalers, Hardware, And Plumbing And Heating Equipment And Supplies Wholesalers, Machinery, Equipment, And Supplies Wholesalers, Miscellaneous Durable Goods Wholesalers
The use of analytics in the wholesale trade market is enhancing supply chain efficiencies by anticipating the future demand of the customer. Predictive analytics uses historic data to predict future events. Some of the applications where wholesale trade companies use predictive analytics are to project profitability, model business scenarios, and improve marketing campaigns. For instance, HD Smith, a pharmaceutical wholesale distributor, implemented analytics to streamline their operations, manage their inventory, and perform profitability analysis.
The wholesale market report table of contents includes:
1. Executive Summary
2. Wholesale Market Characteristics
3. Wholesale Market Trends And Strategies
4. Wholesale Market – Macro Economic Scenario
5. Global Wholesale Market Size and Growth
…..
32. Global Wholesale Market Competitive Benchmarking
33. Global Wholesale Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wholesale Market
35. Wholesale Market Future Outlook and Potential Analysis
36. Appendix
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https://www.thebusinessresearchcompany.com/report/nondurable-goods-wholesalers-global-market-report
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