Wholesale Market Characteristics
The wholesale market consists of sales by wholesalers. These entities (organizations, sole traders and partnerships) wholesale merchandise including the outputs of agriculture, mining, manufacturing, and certain information industries, such as publishing. The wholesale trade comprises purchasing, storing and selling merchandise to wholesalers or to other wholesalers and providing related services such as breaking bulk. This industry includes wholesale agents and brokers who arrange the purchase or sale of the goods owned by others, on a fee or commission basis. The wholesale industry also includes business to business electronic markets and platforms and agents that facilitate wholesale trade that do not own or handle the products they sell.
Competitive Landscape of the Wholesale Market
Major players in the global wholesale market include AmerisourceBergen Corporation, C&S Wholesale Grocers, Inc., McKesson Corporation, Walgreens Boots Alliance, ARROW ELECTRONICS, INC., US Foods, Avnet, Inc., Performance Food Group Company, WPG Holdings, and Cardinal Health, Inc.
Wholesale Market Size
The wholesale market size is expected to reach $10 trillion by 2022, significantly growing at a CAGR of around 5% during the forecast period. The growth in the wholesale market is due to increased disposable incomes, growth in B2B business, and entry of many large wholesalers in the industry.
However, the market for Wholesale is expected to face certain restraints from several factors such as weak wage growth, price hike.
Wholesale Market Segmentation
The global wholesale market is further segmented based on type and geography.
By Type - The wholesale market is segmented into durable goods merchant wholesalers, non-durable goods merchant wholesalers and wholesale electronic markets and agents and brokers, among these segments, the durable goods merchant wholesalers market accounts for the largest share in the global participatory wholesale market.
By Geography - The global wholesale is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Eastern Europe wholesale market accounts the largest share in the global wholesale market.
Trends in the Wholesale Market
Analytics for business decisions, digital transformation in wholesale and intelligent warehouses integrating technologies are the major trends witnessed in the global wholesale market.
Potential Opportunities in the Wholesale Market
With emerging markets growth, technology development, the scope and potential for the global wholesale market is expected to significantly rise in the forecast period.