Global Durable Goods Wholesalers Market Outlook, Opportunities And Strategies

December 16, 2021 by The Business Research Company

Learn about the global durable goods wholesalers market through The Business Research Company, which provides information on durable goods wholesalers market size, durable goods wholesalers market drivers and restraints, durable goods wholesalers market players, the COVID-19 impact on the durable goods wholesalers market, and more.

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The global durable goods wholesalers market is expected to grow from $24756.96 billion in 2020 to $28079.9 billion in 2021 at a compound annual growth rate (CAGR) of 13.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $36977.83 billion in 2025 at a CAGR of 7%.

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The durable goods wholesalers market consists of sales of capital or durable goods by entities (organizations, sole traders and partnerships) that are engaged in selling capital or durable goods to other businesses on wholesale basis. Wholesalers generally take title to the goods that they sell; in other words, they buy and sell goods on their own account. Durable goods are new or used items generally with a normal life expectancy of three years or more. Durable goods wholesale trade establishments are engaged in wholesaling products, such as motor vehicles, furniture, construction materials, machinery and equipment (including household-type appliances), metals and minerals (except petroleum), sporting goods, toys and hobby goods, recyclable materials, and parts.

Global durable goods wholesalers market segments include:

By Type: 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

By Ownership: Wholesale/Distribution Chain, Independent Wholesalers

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global durable goods wholesalers market, accounting for 56% of the market in 2020.

Technology implementation in the wholesale industry increases the efficiency and streamlines operations. Digitization in wholesale trade market enhances the customer experience by efficiently engaging with them through seamless connectivity. Digitization allows the wholesale companies to automate their sales order process and create an omni-channel strategy that is interacting with customers on all sales channels and giving customers with multiple purchase options.

TBRC’s durable goods wholesalers market report covers:

Major Market Players: Avnet, McKesson, SYSCO, Brenntag, Medipal.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Durable Goods Wholesalers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides durable goods wholesalers market overviews, analyses and forecasts market size, share, durable goods wholesalers market players, durable goods wholesalers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s durable goods wholesalers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Non-Durable Goods Merchant Wholesalers Global Market Report 2020

Wholesale Global Market Report 2021

Retail And Wholesale Global Market Report 2021

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