Global Durable Goods Wholesalers Market Trends And Strategies Of Major Players In The Durable Goods Wholesalers Market 2021-2030
21 Jan, 2021
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 Size And Drivers:
The global durable goods wholesalers market is expected to grow from $24.75 trillion in 2020 to $28.07 trillion in 2021 at a compound annual growth rate (CAGR) of 13.4%. The market is expected to reach $36.97 trillion in 2025 at a CAGR of 7%. 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.
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Trends In The Global Durable Goods Wholesalers Market
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.
Global Durable Goods Wholesalers Market Segments:
The global durable goods wholesalers market is further segmented based on type, ownership and geography.
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 global durable goods wholesalers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Asia Pacific was the largest region in the global durable goods wholesalers market, accounting for 56% of the total market.
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Durable Goods Wholesalers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides durable goods wholesalers market overviews, analyzes and forecasts market size and growth for the global durable goods wholesalers market, durable goods wholesalers market share, durable goods wholesalers market players, durable goods wholesalers market segments and geographies, durable goods wholesalers market’s 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.