Wholesale Electronic Markets And Agents And Brokers Market Key Players, Strategies, Growth And Forcast 2033

The wholesale electronic markets and agents and brokers market size has grown strongly in recent years. It will grow from $2313.16 billion in 2023 to $2461.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to globalization of supply chains, e-commerce and online trading platforms, market transparency and information access, efficiency in order processing, diverse product offerings.

The wholesale electronic markets and agents and brokers market size is expected to see strong growth in the next few years. It will grow to $3112.24 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to shift towards sustainable and ethical sourcing, integration of artificial intelligence (ai), expansion of cross-border trade, real-time data analytics and insights, collaborations and partnerships. Major trends in the forecast period include integration of 5g technology, customization and personalization in services, cybersecurity measures for data protection, collaboration with technology startups, shift towards data-driven decision-making.

Market Overview -
Wholesale electronic markets and agents and brokers refer to a part of an industry that coordinates the selling of electronic items owned by others, typically for a charge or commission. They are operating on behalf of customers or sellers in the wholesale distribution of goods, especially in cases where buyers and sellers are connected via the internet or other electronic channels.

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Consumer Electronics Demand Propels Growth In The Wholesale Electronic Markets And Agents And Brokers Market
Rising demand for consumer electronics is expected to boost the growth of the wholesale electronic markets and agents and brokers market going forward. Consumer electronics refers to any electronic product designed for daily, non-commercial, or professional use by consumers. Rising consumer electronics demand, particularly for computers and televisions, is likely to benefit wholesale electronic markets as well as agents and brokers because they deal with buying new products in bulk to be sold at wholesale prices to stores as well as purchasing used electronics for recycling or resale. For instance, in February 2023, according to the data published by the United States Census Bureau, a US-based agency for the Federal Statistical System, the sales of US electronics and appliance stores stood at $5.97 billion in June 2020, which was raised to $8.54 billion in June 2021. Additionally, in December 2022, as per the data published by Shopify Inc., a Canada-based ecommerce company, by the end of 2022, it is anticipated that consumers would have spent $505 billion on electronics worldwide, or about 20% more than they did in 2020. Therefore, rising demand for consumer electronics is driving the growth of the wholesale electronic markets and agents and brokers market.

Competitive Landscape -
Major companies operating in the wholesale electronic markets and agents and brokers market report are 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

Innovative Products Drive Momentum In The Wholesale Electronic Markets And Agents And Brokers Market
Product innovations have emerged as the key trend gaining popularity in the wholesale electronic markets and agents and brokers market. Major companies operating in the wholesale electronic markets and agents and brokers markets are developing innovative products to strengthen their position in the market. For instance, in January 2023, goTRG, a US-based supply chain management company, launched goWholesale, a new platform to leverage real-time data. It is designed to offer new, refurbished electronics and overstocked premium wholesale items for retailers, manufacturers, and wholesalers to buy and sell goods. The unique features of goWholesale include a shipment visualization tool that shows how full each box or pallet is, location selection, and a price history tool that shows pricing ideas and the history of product sales in addition to offering a sophisticated, open, and game-like purchasing experience.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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