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 anticipated growth in the forecast period can be credited to the increasing focus on sustainability, rising demand for health and wellness products, the expansion of product offerings, regulatory shifts, innovations in logistics, and the prevailing global economic uncertainties. Key trends expected in the forecast period encompass the digital transformation within the wholesale sector, the utilization of data analytics and business intelligence, the integration of artificial intelligence (AI), the facilitation of cross-border wholesale trade, and the implementation of blockchain for supply chain transparency.
The wholesale market is poised to benefit from the anticipated steady economic growth in both developed and developing countries. As reported by the International Monetary Fund (IMF), the global GDP growth stood at 3.3% in 2020 and increased to 3.4% in 2021. The rebound in commodity prices after a historic decline is expected to be a significant driver of economic growth. The US economy is projected to maintain stable growth in the forecast period, and emerging markets are expected to outpace developed markets in terms of growth. This economic expansion is such as ly to stimulate public and private investments, joint ventures, and foreign direct investments in end-user markets, thereby boosting the wholesale market.
The upward trajectory of e-commerce is expected to fuel the growth of the wholesale market in the future. E-commerce, involving the electronic exchange of goods, services, or information between businesses and customers, offers enhanced efficiency, broader market reach, cost savings, and improved customer experiences in the wholesale industry. For example, in August 2023, the United States Census Bureau reported a 7.5% increase (or 1.4%) in e-commerce estimates for the second quarter of 2023, while overall retail sales saw a 0.6% increase (or 0.4%). Hence, the growing prevalence of e-commerce is a key driver for the wholesale market's growth.
The outbreak of the COVID-19 pandemic acted as a significant constraint on the wholesale market in 2020, disrupting supply chains due to trade restrictions and causing a decline in consumption due to global lockdowns. COVID-19, characterized by flu-such as symptoms, led to a reduction in the production and trade of non-essential goods, resulting in an overall economic downturn as countries implemented lockdown measures. Despite these challenges, it is anticipated that the wholesale market will recover over the forecast period, considering the pandemic as a 'black swan' event rather than indicative of ongoing or fundamental weaknesses in the market or the global economy.
The integration of analytics in the wholesale trade market is elevating supply chain efficiencies by proactively anticipating customer future demand. Predictive analytics utilizes historical data to forecast upcoming events. Wholesale trade companies leverage predictive analytics for various applications, including projecting profitability, modeling business scenarios, and enhancing marketing campaigns. As an example, HD Smith, a pharmaceutical wholesale distributor, adopted analytics to streamline operations, manage inventory, and conduct profitability analysis.
Leading companies in the wholesale market are directing their focus towards innovative services, such as digital dash, to deliver reliable solutions to their customers. Digital dash refers to an electronic display panel on a vehicle's dashboard providing real-time information about the vehicle's performance and status. For instance, in March 2023, KPMG International Limited, a Netherlands-based services network and accounting company, introduced a new digital product, Dash, aimed at enhancing retail services. KPMG has employed automation to make Dash accessible to various corporations swiftly, requiring minimal lead time, no development or implementation, and no upfront costs. Dash generates an interactive dashboard of insights by amalgamating company data with AI and three billion external data points, aiding businesses in making informed decisions, predictions, and recommendations.
Major companies operating in the wholesale market report are Walmart Inc., Amazon.com Inc., Berkshire Hathaway Inc., AmerisourceBergen Corp., Cardinal Health Inc., The Home Depot Inc., Target Corporation, Itochu Corp, Lowe's Companies Inc., Sinopharm, Sysco Corp., Best Buy Co. Inc., Dollar General Corporation, Tech Data Corp., C&S Wholesale Grocers Inc., Dollar Tree Inc., The Sherwin-Williams Company, Genuine Parts Company, BJ's Wholesale Club Holdings Inc., W.W. Grainger Inc., Tractor Supply Company, LKQ Corporation, United Rentals Inc., Brueder Mannesmann AG, HD Supply Holdings Inc., Fastenal Company, Pool Corporation, Big Lots Inc., The Michaels Companies Inc., Applied Industrial Technologies Inc.
Asia-Pacific was the largest region in the wholesale market in 2023. North America was the second-largest region in the wholesale market. The regions covered in the wholesale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wholesale market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
The primary categories of wholesalers are non-durable goods merchant wholesalers, wholesale electronic markets and agents, and brokers, as well as durable goods merchant wholesalers. Non-durable goods wholesalers specialize in products that require frequent replenishment, such as food items and petrol. Wholesale/distribution chains and independent wholesalers operate under various ownership forms, offering premium, mid-range, and economy price options.
The wholesale market research report is one of a series of new reports that provides wholesale market statistics, including wholesale industry global market size, regional shares, competitors with a wholesale market share, detailed wholesale market segments, market trends and opportunities, and any further data you may need to thrive in the wholesale industry. This wholesale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wholesale market includes revenues earned by entities by providing wholesale services by merchant wholesalers, specialty wholesalers, and general wholesalers. The market value includes the value of related goods sold by the service provider or included within the service offering. The wholesale market also includes sales of food, hard or durable goods, soft goods and art goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Wholesale Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on wholesale market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for wholesale? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Non-Durable Goods Wholesalers; Wholesale Electronic Markets and Agents and Brokers; Durable Goods Wholesalers
2) By Ownership: Wholesale/Distribution Chain; Independent Wholesalers
3) By Price Range: Premium; Mid-Range; Economy
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
Key Companies Mentioned: Walmart Inc.; Amazon.com Inc.; Berkshire Hathaway Inc.; AmerisourceBergen Corp.; Cardinal Health Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Walmart Inc.
- Amazon.com Inc.
- Berkshire Hathaway Inc.
- AmerisourceBergen Corp.
- Cardinal Health Inc.
- The Home Depot Inc.
- Target Corporation
- Itochu Corp
- Lowe's Companies Inc.
- Sinopharm
- Sysco Corp.
- Best Buy Co. Inc.
- Dollar General Corporation
- Tech Data Corp.
- C&S Wholesale Grocers Inc.
- Dollar Tree Inc.
- The Sherwin-Williams Company
- Genuine Parts Company
- BJ's Wholesale Club Holdings Inc.
- W.W. Grainger Inc.
- Tractor Supply Company
- LKQ Corporation
- United Rentals Inc.
- Brueder Mannesmann AG
- HD Supply Holdings Inc.
- Fastenal Company
- Pool Corporation
- Big Lots Inc.
- The Michaels Companies Inc.
- Applied Industrial Technologies Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 400 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 53017.84 Billion |
Forecasted Market Value ( USD | $ 68092.65 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |