The wholesale trade market comprises establishments in wholesaling merchandise and rendering services after the sale of merchandise. Wholesale trade comprises purchasing, storing and selling the goods to retailers, professional authorities or to other wholesalers.
The global wholesale market was valued at around $9 trillion in 2017. Western Europe was the largest region in the wholesale market in 2017, accounting for around 25% market share. USA was the largest country in the wholesale market in 2017, accounting for around 19% market share.
The use of analytics in the wholesale trade market enhances efficiency by anticipating future demand of the customer. Predictive analytics uses the past data to predict the future events. Some of the applications where wholesale trade companies use predictive analytics are to project customer profitability, model business scenarios and improve marketing campaigns.
The top five companies covered are McKesson Corporation, AmerisourceBergen Corporation, Cardinal Health, Inc., C&S Wholesale Grocers and Inc and Arrow Electronics, Inc. McKesson Corporation was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Wholesale trade market is segmented into durable goods merchant wholesalers, non-durable goods merchant wholesalers, and wholesale electronic markets and agents and brokers.
Durable goods merchant wholesalers sells durable goods to other businesses. This industry comprises establishments involved in wholesaling durable products, such as furniture, motor vehicles, electrical and electronic goods, construction materials, sporting goods, etc.
Non-durable goods merchant wholesalers sell nondurable goods to other businesses. This industry comprises establishments in wholesaling nondurable products, such as paper products, apparel, groceries, alcoholic beverages, chemical products, etc.
Wholesale agents and brokers and electronic markets arrange the purchase or sale of the goods owned by others, on a fee or commission basis.