The global durable goods wholesalers market size is expected to grow from $20.53 trillion in 2021 to $22.84 trillion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The global durable goods wholesalers market size is expected to grow to $33.71 trillion in 2026 at a CAGR of 10.2%.
What is the Global Durable Goods Wholesalers Market?
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 a wholesale basis. wholesalers generally take title to the goods that they sell, in other words, they buy and sell goods on their 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.
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What drives the Global Durable Goods Wholesalers Market?
Technology implementation in the wholesale industry increases efficiency and streamlines operations. Digitization in the wholesale trade market enhances the customer experience by efficiently engaging with them through seamless connectivity. Digitization allows wholesale companies to automate their sales order process and create an omnichannel strategy that is interacting with customers on all sales channels and giving customers multiple purchase options. Wasco, a leading wholesaler of central heating and plumbing products is using a solution that manages and publishes product information across all channels intending to create a unique omnichannel customer experience.
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Global Durable Goods Wholesalers Market Segments
The global durable goods wholesalers market is segmented:
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 Price Range: Premium, Mid-Range, Economy
By Geography: The regions covered in the durable goods wholesalers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Durable Goods Wholesalers Global Market Report 2022provides market size and growth forecasts for the global durable goods wholesalers market, global durable goods wholesalers market share, durable goods wholesalers market segments and geographies, durable goods wholesalers market competitive landscape including leading competitors’ revenues, profiles and market shares. The durable goods wholesalers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Durable Goods Wholesalers Industry Playersinclude Brueder Mannesmann AG, Tech Data, Walmart Inc., Wuchan Zhongda Group, Lowe's Companies Inc., Ferguson plc, Sysco Corp, Xiamen C&D, Arrow Electronics, and WPG Holdings. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
