Wholesale Market 2024 Size, Share, Industry Analysis, Segments And Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wholesale Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $68092.65 billion In 2028 At A CAGR Of 6.5% :

The wholesale market size has grown strongly in recent years. It will grow from $49488.7 billion in 2023 to $53017.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to economic growth, global trade, supply chain efficiency, government policies, infrastructure development, globalization.

The wholesale market size is expected to see strong growth in the next few years. It will grow to $68092.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing sustainability concerns, demand for health and wellness products, diversification of product offerings, regulatory changes, logistics innovation, global economic uncertainty. Major trends in the forecast period include digital transformation in wholesale, data analytics and business intelligence, integration of artificial intelligence (ai), cross-border wholesale trade, blockchain for supply chain transparency.

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Wholesale Market Major Segments
The wholesale market covered in this report is segmented -

1) By Type: Non-Durable Goods Wholesalers, Wholesale Electronic Markets And Agents And Brokers, Durable Goods Wholesalers
2) By Ownership: Wholesale/Distribution Chain, Independent Wholesalers
3) By Price Range: Premium, Mid-Range, Economy

Subsegments Covered: Paper And Paper Product Wholesalers, Drugs And Druggists Sundries Wholesalers, Apparel, Piece Goods, And Notions Wholesalers, Grocery And Related Product Wholesalers, Farm Product Raw Material Wholesalers, Chemical And Allied Products Wholesalers, Petroleum And Petroleum Products Wholesalers, Beer, Wine, And Distilled Alcoholic Beverage Wholesalers, Miscellaneous Nondurable Goods Wholesalers, Business to Business Electronic Markets, Wholesale Trade Agents and Brokers, 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

Key Driver - Positive Economic Outlook And Commodity Price Recovery Fuel Wholesale Market Growth

The wholesale market is expected to benefit from the steady economic growth forecast for many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth was 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a decline in the historic period is further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Greater economic growth is likely to drive public and private investments, joint ventures, and foreign direct investments in the end-user markets, thereby driving the market during the forecast period.

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Prominent Trend - Transforming Wholesale Trade With Predictive Analytics: Case Study Of Hd Smith

The use of analytics in the wholesale trade market is enhancing supply chain efficiencies by anticipating the future demand of the customer. Predictive analytics uses historic data to predict future events. Some of the applications where wholesale trade companies use predictive analytics are to project profitability, model business scenarios, and improve marketing campaigns. For instance, HD Smith, a pharmaceutical wholesale distributor, implemented analytics to streamline their operations, manage their inventory, and perform profitability analysis.

Wholesale Market Players
Major companies operating in the wholesale market report are Walmart Inc., Amazon.com Inc., Berkshire Hathaway Inc., AmerisourceBergen Corp., Cardinal Health Inc., The Home Depot Inc., Target Corporation, Itochu Corp, Lowe's Companies Inc., Sinopharm, Sysco Corp., Best Buy Co. Inc., Dollar General Corporation, Tech Data Corp., C&S Wholesale Grocers Inc., Dollar Tree Inc., The Sherwin-Williams Company, Genuine Parts Company, BJ's Wholesale Club Holdings Inc., W.W. Grainger Inc., Tractor Supply Company, LKQ Corporation, United Rentals Inc., Brueder Mannesmann AG, HD Supply Holdings Inc., Fastenal Company, Pool Corporation, Big Lots Inc., The Michaels Companies Inc., Applied Industrial Technologies Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the wholesale market in 2023. North America was the second-largest region in the wholesale market. The regions covered in the wholesale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wholesale Market Report Structure
3. Wholesale Market Trends And Strategies
4. Wholesale Market - Macro Economic Scenario
5. Wholesale Market Size And Growth
…..
27. Wholesale Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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