The machinery, equipment, and supplies wholesalers market size has grown strongly in recent years. It will grow from $3429.67 billion in 2023 to $3667.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historical period can be attributed to the expansion of manufacturing and industrial activities, the dynamics of global trade and supply chains, development in construction and infrastructure, requirements in the agricultural sector, and government investments in infrastructure.
The machinery, equipment, and supplies wholesalers market size is expected to see strong growth in the next few years. It will grow to $4756.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to the integration of e-commerce and digital platforms, initiatives focused on renewable energy and sustainability, the adoption of advanced manufacturing technologies, optimization of logistics and supply chains, and the implementation of smart agriculture and precision farming practices. Key trends expected in the forecast period include customization and personalization in product offerings, the adoption of predictive analytics for inventory management, expansion in globalization and international trade, a heightened focus on after-sales services, and a shift towards energy-efficient and technologically advanced equipment.
The anticipated surge in demand for customized equipment is poised to drive the growth of the machinery, equipment, and supplies wholesale market in the foreseeable future. Customized equipment refers to specialized equipment tailored to unique specifications requested by business or enterprise customers, not readily available to the general public. These requests for customized equipment represent additional sales for wholesalers, providing improved versions of original equipment already distributed in the market. The increasing demand for such customized equipment is a key factor fueling the growth of the machinery, equipment, and supplies wholesale market. An illustrative example is the data from December 2021, where SEMI, a US-based industry association representing the global electronics manufacturing and design supply chain, reported a 52% surge in the global sales value of dynamic random-access memory (DRAM) semiconductors, reaching USD 15.1 billion in 2021 compared to 2020. Similarly, the global sales value of NAND semiconductors, another customized semiconductor, experienced a 24% increase, reaching USD 19.2 billion in the same period. This underscores how the growing demand for customized equipment is a driving force in the wholesale machinery, equipment, and supplies market.
The machinery, equipment, and supplies wholesale market are poised for growth due to the increasing emphasis on infrastructure development. The rise in infrastructure projects leads to heightened demand for construction machinery, expanded industrial facilities, and logistics equipment. Infrastructure development projects drive the need for machinery, equipment, and supplies, fostering technological advancements and upgrades in the wholesale market. A notable example is the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in the United States, announced in November 2021. As reported by Global X ETF in March 2023, this initiative is set to invest $550 billion over the next ten years to enhance roads, bridges, airports, railroads, access to clean drinking water, broadband internet, and environmental justice. Therefore, the upswing in infrastructure development is a key factor propelling the growth of the machinery, equipment, and supplies wholesale market.
Technological advancements represent a prominent trend gaining traction in the machinery, equipment, and supplies wholesale markets. Companies operating in this market are actively adopting new technologies to strengthen their market positions. For instance, in March 2023, Huen Chen Machinery Co., Ltd., a China-based manufacturer and distributor of processing machines, introduced a new range of industrial machinery, including riveting machines, eyeleting machines, hydraulic cutting machines, heading machines, belt cutting machines, and riveting machinery. These machines offer advantages such as high productivity, improved accuracy and precision, reduced downtime, and lower maintenance costs.
Leading companies in the machinery, equipment, and supplies wholesale market are focusing on developing electric-powered construction equipment to gain a competitive edge. Electric-powered equipment utilizes electric motors, often powered by batteries or connected to the electrical grid, to perform various tasks on construction sites. An example is Volvo Construction Equipment (Volvo CE), a Sweden-based machinery manufacturing company, which launched three new compact electric machines in October 2021 - the L20 Electric wheel loader, EC18 Electric excavator, and ECR18 Electric excavator. These electric machines provide features such as emissions-free operation, noise reduction, customizable battery options, quick charging, and compatibility with Volvo's fast chargers. Designed for maneuverability in tight spaces, these machines aim to enhance performance and efficiency in construction applications.
In August 2022, Tencarva Machinery, a US-based distributor of flow control and process equipment, acquired Fischer Process Industries for an undisclosed amount. This strategic acquisition enables Tencarva to extend its geographical reach from the U.S. southeast into the Midwest, operating under the brands of Southern Sales, Saladin Pump & Equipment, and others. Fischer Process Industries, a US-based distributor, specializes in supplying industrial pumps, rotating equipment, valves, and process equipment.
Major companies operating in the machinery, equipment, and supplies wholesalers market report are Louis Vuitton Moët Hennessy Group, Pandora A/S, Swarovski AG, The Swatch Group Ltd., Fossil Group Inc., Seiko Holdings Corporation, Rolex SA, Casio America Inc., Buccellati Holding Italia Spa, Cartier SA, Malabar Gold & Diamonds LLC, SHR Jewelry Group LLC, Bucherer AG, Tiffany & Co., Patek Philippe SA, Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Hewlett-Packard Inc., Alamo Group Inc., Samsung Electronics Co. Ltd., Caterpillar Inc., Deere & Company, Cummins Inc., Eaton Corporation plc, Emerson Electric Co., General Electric Company, Honeywell International Inc., Trane Technologies plc, ITT Inc., Johnson Controls International plc, Parker-Hannifin Corporation, Rockwell Automation Inc., Siemens AG, Stanley Black & Decker Inc., Textron Inc., 3M Company, ABB Ltd., Agilent Technologies Inc., Ametek Inc., Wesco International Inc., Applied Industrial Technologies Inc..
Asia-Pacific was the largest region in the machinery, equipment, and supplies wholesalers market in 2023. The regions covered in the machinery, equipment, and supplies wholesalers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery, equipment, and supplies wholesalers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The principal operations of machinery, equipment, and supplies wholesalers can be categorized as autonomous and semi-autonomous. Autonomous wholesalers operate independently without being subject to control by manufacturers or other businesses. These wholesalers span various capacities, including small, medium, and large, offering a range of premium, mid-range, and economy products through wholesale or distribution chains and independent wholesalers. Their focus industries encompass automotive, aerospace, construction, food and beverage, energy and power, healthcare, and packaging.
The machinery, equipment, and supplies wholesalers market research report is one of a series of new reports that provides machinery, equipment, and supplies wholesalers market statistics, including machinery, equipment, and supplies wholesalers industry global market size, regional shares, competitors with machinery, equipment, and supplies wholesalers market share, detailed machinery, equipment, and supplies wholesalers market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery, equipment, and supplies wholesalers industry. This machinery, equipment, and supplies wholesaler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
This product will be delivered within 3-5 business days.
The machinery, equipment, and supplies wholesalers market size is expected to see strong growth in the next few years. It will grow to $4756.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to the integration of e-commerce and digital platforms, initiatives focused on renewable energy and sustainability, the adoption of advanced manufacturing technologies, optimization of logistics and supply chains, and the implementation of smart agriculture and precision farming practices. Key trends expected in the forecast period include customization and personalization in product offerings, the adoption of predictive analytics for inventory management, expansion in globalization and international trade, a heightened focus on after-sales services, and a shift towards energy-efficient and technologically advanced equipment.
The anticipated surge in demand for customized equipment is poised to drive the growth of the machinery, equipment, and supplies wholesale market in the foreseeable future. Customized equipment refers to specialized equipment tailored to unique specifications requested by business or enterprise customers, not readily available to the general public. These requests for customized equipment represent additional sales for wholesalers, providing improved versions of original equipment already distributed in the market. The increasing demand for such customized equipment is a key factor fueling the growth of the machinery, equipment, and supplies wholesale market. An illustrative example is the data from December 2021, where SEMI, a US-based industry association representing the global electronics manufacturing and design supply chain, reported a 52% surge in the global sales value of dynamic random-access memory (DRAM) semiconductors, reaching USD 15.1 billion in 2021 compared to 2020. Similarly, the global sales value of NAND semiconductors, another customized semiconductor, experienced a 24% increase, reaching USD 19.2 billion in the same period. This underscores how the growing demand for customized equipment is a driving force in the wholesale machinery, equipment, and supplies market.
The machinery, equipment, and supplies wholesale market are poised for growth due to the increasing emphasis on infrastructure development. The rise in infrastructure projects leads to heightened demand for construction machinery, expanded industrial facilities, and logistics equipment. Infrastructure development projects drive the need for machinery, equipment, and supplies, fostering technological advancements and upgrades in the wholesale market. A notable example is the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in the United States, announced in November 2021. As reported by Global X ETF in March 2023, this initiative is set to invest $550 billion over the next ten years to enhance roads, bridges, airports, railroads, access to clean drinking water, broadband internet, and environmental justice. Therefore, the upswing in infrastructure development is a key factor propelling the growth of the machinery, equipment, and supplies wholesale market.
Technological advancements represent a prominent trend gaining traction in the machinery, equipment, and supplies wholesale markets. Companies operating in this market are actively adopting new technologies to strengthen their market positions. For instance, in March 2023, Huen Chen Machinery Co., Ltd., a China-based manufacturer and distributor of processing machines, introduced a new range of industrial machinery, including riveting machines, eyeleting machines, hydraulic cutting machines, heading machines, belt cutting machines, and riveting machinery. These machines offer advantages such as high productivity, improved accuracy and precision, reduced downtime, and lower maintenance costs.
Leading companies in the machinery, equipment, and supplies wholesale market are focusing on developing electric-powered construction equipment to gain a competitive edge. Electric-powered equipment utilizes electric motors, often powered by batteries or connected to the electrical grid, to perform various tasks on construction sites. An example is Volvo Construction Equipment (Volvo CE), a Sweden-based machinery manufacturing company, which launched three new compact electric machines in October 2021 - the L20 Electric wheel loader, EC18 Electric excavator, and ECR18 Electric excavator. These electric machines provide features such as emissions-free operation, noise reduction, customizable battery options, quick charging, and compatibility with Volvo's fast chargers. Designed for maneuverability in tight spaces, these machines aim to enhance performance and efficiency in construction applications.
In August 2022, Tencarva Machinery, a US-based distributor of flow control and process equipment, acquired Fischer Process Industries for an undisclosed amount. This strategic acquisition enables Tencarva to extend its geographical reach from the U.S. southeast into the Midwest, operating under the brands of Southern Sales, Saladin Pump & Equipment, and others. Fischer Process Industries, a US-based distributor, specializes in supplying industrial pumps, rotating equipment, valves, and process equipment.
Major companies operating in the machinery, equipment, and supplies wholesalers market report are Louis Vuitton Moët Hennessy Group, Pandora A/S, Swarovski AG, The Swatch Group Ltd., Fossil Group Inc., Seiko Holdings Corporation, Rolex SA, Casio America Inc., Buccellati Holding Italia Spa, Cartier SA, Malabar Gold & Diamonds LLC, SHR Jewelry Group LLC, Bucherer AG, Tiffany & Co., Patek Philippe SA, Illinois Tool Works Inc., Lincoln Electric Holdings Inc., Hewlett-Packard Inc., Alamo Group Inc., Samsung Electronics Co. Ltd., Caterpillar Inc., Deere & Company, Cummins Inc., Eaton Corporation plc, Emerson Electric Co., General Electric Company, Honeywell International Inc., Trane Technologies plc, ITT Inc., Johnson Controls International plc, Parker-Hannifin Corporation, Rockwell Automation Inc., Siemens AG, Stanley Black & Decker Inc., Textron Inc., 3M Company, ABB Ltd., Agilent Technologies Inc., Ametek Inc., Wesco International Inc., Applied Industrial Technologies Inc..
Asia-Pacific was the largest region in the machinery, equipment, and supplies wholesalers market in 2023. The regions covered in the machinery, equipment, and supplies wholesalers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machinery, equipment, and supplies wholesalers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The principal operations of machinery, equipment, and supplies wholesalers can be categorized as autonomous and semi-autonomous. Autonomous wholesalers operate independently without being subject to control by manufacturers or other businesses. These wholesalers span various capacities, including small, medium, and large, offering a range of premium, mid-range, and economy products through wholesale or distribution chains and independent wholesalers. Their focus industries encompass automotive, aerospace, construction, food and beverage, energy and power, healthcare, and packaging.
The machinery, equipment, and supplies wholesalers market research report is one of a series of new reports that provides machinery, equipment, and supplies wholesalers market statistics, including machinery, equipment, and supplies wholesalers industry global market size, regional shares, competitors with machinery, equipment, and supplies wholesalers market share, detailed machinery, equipment, and supplies wholesalers market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery, equipment, and supplies wholesalers industry. This machinery, equipment, and supplies wholesaler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Machinery, Equipment, and Supplies Wholesalers Market Characteristics3. Machinery, Equipment, and Supplies Wholesalers Market Trends and Strategies31. Global Machinery, Equipment, and Supplies Wholesalers Market Competitive Benchmarking32. Global Machinery, Equipment, and Supplies Wholesalers Market Competitive Dashboard33. Key Mergers and Acquisitions in the Machinery, Equipment, and Supplies Wholesalers Market
4. Machinery, Equipment, and Supplies Wholesalers Market - Macro Economic Scenario
5. Global Machinery, Equipment, and Supplies Wholesalers Market Size and Growth
6. Machinery, Equipment, and Supplies Wholesalers Market Segmentation
7. Machinery, Equipment, and Supplies Wholesalers Market Regional and Country Analysis
8. Asia-Pacific Machinery, Equipment, and Supplies Wholesalers Market
9. China Machinery, Equipment, and Supplies Wholesalers Market
10. India Machinery, Equipment, and Supplies Wholesalers Market
11. Japan Machinery, Equipment, and Supplies Wholesalers Market
12. Australia Machinery, Equipment, and Supplies Wholesalers Market
13. Indonesia Machinery, Equipment, and Supplies Wholesalers Market
14. South Korea Machinery, Equipment, and Supplies Wholesalers Market
15. Western Europe Machinery, Equipment, and Supplies Wholesalers Market
16. UK Machinery, Equipment, and Supplies Wholesalers Market
17. Germany Machinery, Equipment, and Supplies Wholesalers Market
18. France Machinery, Equipment, and Supplies Wholesalers Market
19. Italy Machinery, Equipment, and Supplies Wholesalers Market
20. Spain Machinery, Equipment, and Supplies Wholesalers Market
21. Eastern Europe Machinery, Equipment, and Supplies Wholesalers Market
22. Russia Machinery, Equipment, and Supplies Wholesalers Market
23. North America Machinery, Equipment, and Supplies Wholesalers Market
24. USA Machinery, Equipment, and Supplies Wholesalers Market
25. Canada Machinery, Equipment, and Supplies Wholesalers Market
26. South America Machinery, Equipment, and Supplies Wholesalers Market
27. Brazil Machinery, Equipment, and Supplies Wholesalers Market
28. Middle East Machinery, Equipment, and Supplies Wholesalers Market
29. Africa Machinery, Equipment, and Supplies Wholesalers Market
30. Machinery, Equipment, and Supplies Wholesalers Market Competitive Landscape and Company Profiles
34. Machinery, Equipment, and Supplies Wholesalers Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Machinery, Equipment, and Supplies Wholesalers Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on machinery, equipment, and supplies wholesalers 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
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for machinery, equipment, and supplies wholesalers? 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.
Scope
Markets Covered:1) By Operation: Autonomous; Semi-Autonomous
2) By Capacity: Small; Medium; Large
3) By Price Range: Premium; Mid-Range; Economy
4) By Ownership: Wholesale Or Distribution Chain; Independent Wholesalers
5) By Industry Vertical: Automotive; Aerospace; Construction; Food and Beverage; Energy and Power; Healthcare; Packaging
Companies Mentioned: Louis Vuitton Moët Hennessy Group; Pandora A/S; Swarovski AG; The Swatch Group Ltd.; Fossil Group 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 segmentations: 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:
- Louis Vuitton Moët Hennessy Group
- Pandora A/S
- Swarovski AG
- The Swatch Group Ltd.
- Fossil Group Inc.
- Seiko Holdings Corporation
- Rolex SA
- Casio America Inc.
- Buccellati Holding Italia Spa
- Cartier SA
- Malabar Gold & Diamonds LLC
- SHR Jewelry Group LLC
- Bucherer AG
- Tiffany & Co.
- Patek Philippe SA
- Illinois Tool Works Inc.
- Lincoln Electric Holdings Inc.
- Hewlett-Packard Inc.
- Alamo Group Inc.
- Samsung Electronics Co. Ltd.
- Caterpillar Inc.
- Deere & Company
- Cummins Inc.
- Eaton Corporation plc
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- Trane Technologies plc
- ITT Inc.
- Johnson Controls International plc
- Parker-Hannifin Corporation
- Rockwell Automation Inc.
- Siemens AG
- Stanley Black & Decker Inc.
- Textron Inc.
- 3M Company
- ABB Ltd.
- Agilent Technologies Inc.
- Ametek Inc.
- Wesco International Inc.
- Applied Industrial Technologies Inc.
Methodology
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