Industrial Machinery & Equipment Wholesaling in Illinois - Industry Market Research Report

Well Oiled: An Increase in the Number of Businesses and Ramped Up Manufacturing Output Will Drive Industry Growth

Industrial Machinery & Equipment Wholesaling in Illinois

Over the five years to 2017, the number of businesses in Illinois has increased, which has helped promote demand for the Industrial Machinery and Equipment Wholesaling industry industry in Illinois, in turn growing industry revenue. However, as manufacturers have relocated out of the state, the resulting weak manufacturing output has restricted demand and thus, suppressed revenue growth slightly. Over the five years to 2022, the trends that have driven growth in industry demand and revenue are anticipated to persist. The number of businesses in Illinois is expected to continue to expand as new businesses enter the economy. Furthermore, manufacturing output by remaining manufacturing companies is forecast to ramp up. Consequently, manufacturing GDP for Illinois is anticipated to expand over the period. These trends will drive demand for industry products, promoting further revenue growth.

Industrial machinery and equipment wholesalers primarily distribute specialized machinery, equipment and related parts used in manufacturing, extraction and warehousing industries. Wholesalers refrain from selling products to the public, but distribute new and used products to various sectors, as well as service receipts from repairs and labor performed on customer equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.