What Has Been the Growth Trajectory for the Wholesale Electronic Markets And Agents And Brokers Market in Recent Years?
The wholesale electronic markets and agents and brokers market has seen considerable growth due to a variety of factors.
•In recent years, there has been robust growth in the market size of wholesale electronic markets and agents and brokers. This market is projected to expand from $2514.78 billion in 2024 to $2677.06 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%.
Factors such as the globalization of supply chains, the rise of e-commerce and online trading platforms, greater market transparency and information access, improved order processing efficiency, and a wide range of product offerings have contributed to the growth experienced during the historic period.
How Does the Forecast Look for the Wholesale Electronic Markets And Agents And Brokers Market?
The wholesale electronic markets and agents and brokers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of wholesale electronic markets, as well as agents and brokers, is forecasted to witness significant growth in the approaching years. It is estimated to surge to "$3307.46 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.4%.
This projected growth during the forecast period can be credited to a transition towards ethical and sustainable sourcing, the incorporation of artificial intelligence (AI), the enhancement of cross-border trade, real-time data analytics and insights, and alliances and partnerships. Key trends projected for the forecast period encompass the integration of 5g technology, tailor-made and customized services, cybersecurity precautions for data safety, collaborations with technology-oriented startups, and a move towards data-dependent decision making.
What Main Forces Are Fueling Expansion In The Wholesale Electronic Markets And Agents And Brokers Market?
The surge in the need for consumer electronics is projected to propel the expansion of the wholesale electronic markets, as well as the agents and brokers market. Consumer electronics, which are electronic goods intended for everyday, non-commercial, or professional usage by consumers, are seeing an increase in demand. This is especially true for computers and televisions, and this burgeoning demand benefits wholesalers of electronics and agents and brokers alike. They engage in the mass buying of new items to be retailed at wholesale prices to stores, as well as in the procurement of used electronics to be recycled or resold. For example, Deloitte Touche Tohmatsu Limited, a UK-based global professional services network that offers audit, consulting, tax, and advisory services, reported in February 2022 that sales of consumer electronics around the globe have demonstrated fluctuating growth rates in the last three years. Computer sales grew by 34%, television sets by 12%, and smartphones by 1%. Consequently, the growing consumer demand for electronics is fuelling the growth of the wholesale electronics markets and the agents and brokers market.
What Are The Primary Segments In The Global Wholesale Electronic Markets And Agents And Brokers Market?
The wholesale electronic markets and agents and brokers market covered in this report is segmented –
1) By Product: Electronic Devices, Home Appliances
2) By Technology: Near Field Communication (NFC), Magnetic Secure Transmission (MST), Artificial Intelligence, Virtual Reality Technology, Generation PCL Technology, Other Technologies
3) By Distribution Channel: Online, Offline
Subsegments:
1) By Electronic Devices: Computers And Accessories, Mobile Phones And Accessories, Audio And Video Equipment, Cameras And Photography Equipment, Gaming Consoles And Accessories
2) By Home Appliances: Major Appliances, Small Appliances, HVAC Equipment, Kitchen Appliances
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Which Key Trends Are Driving Changes In The Wholesale Electronic Markets And Agents And Brokers Market?
The rise of product innovations is a key trend that is increasingly becoming popular in the wholesale electronic markets, as well as among agents and brokers. To bolster their position in the market, dominant firms operating within the wholesale electronic markets and agencies and brokers markets are introducing unique products. For example, in January 2023, goTRG, a company headquartered in the US and specializing in supply chain management, introduced goWholesale, a novel platform that harnesses the power of real-time data. The platform is aimed at presenting new and refurbished electronics, as well as premium overstocked wholesale items that can be bought and sold by retailers, manufacturers, and wholesalers. Some of the distinct features of goWholesale are a tool for visualizing shipment that illustrates the capacity of each box or pallet, an option for choosing a location, and a tool displaying price history that provides pricing suggestions and a record of previous product sales. All these features combined provide an enhanced, transparent, and engaging purchasing experience.
Who Are the Key Players in the Wholesale Electronic Markets And Agents And Brokers Market?
Major companies operating in the wholesale electronic markets and agents and brokers market include:
• KIKO Wholesale Group
• Direct Liquidation LP
• Esi Enterprises Inc.
• F&E Trading LLC
• Yonida International Trading Corp.
• Nirah Distributors
• SSW Wholesale
• Global Mobiles Inc.
• Mibetec U.S. Inc.
• Link Distribution
• Ambar Distributors LLC
• Arrow Electronics Inc.
• Avnet Inc.
• Future Electronics Inc.
• Petra Industries
• Benz Dealz LLC
• goTRG
• Consolidated Electronic Distributors Corp.
• D&H Distributing Co.
• Ingram Micro Inc.
• Synnex Corporation
• Tech Data Corporation
• ScanSource Inc.
• BlueStar Inc.
• Almo Corporation
• Jenne Inc.
• SED International Holdings Inc.
• ASI Corp.
• Dicker Data Ltd.
• Westcon-Comstor
What Is The Most Dominant Region In The Wholesale Electronic Markets And Agents And Brokers Market?
Asia-Pacific was the largest region in the wholesale electronic markets and agents and brokers market in 2024. The regions covered in the wholesale electronic markets and agents and brokers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
