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2025 Wholesale Electronic Markets And Agents And Brokers Industry Trends Report: Long-Term Outlook Through 2034
Wholesale Electronic Markets And Agents And Brokers Market
How Large Will the Wholesale Electronic Markets And Agents And Brokers Market Size By 2025?
There has been considerable expansion in the wholesale electronic markets along with the agents and brokers market size over the last few years. It is projected to rise from $2514.78 billion in 2024 to $2677.06 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 6.5%. The substantial growth observed historically is attributed to factors like supply chain globalization, the rise of e-commerce and online trading platforms, improved market transparency and access to information, efficiencies in order processing, and the availability of a diverse range of products.
How Big Is the Wholesale Electronic Markets And Agents And Brokers Market Size Expected to Grow by 2029?
Predictions suggest robust expansion within the wholesale electronic markets and agents and brokers market in the coming years. By 2029, the market size is projected to reach $3307.46 billion, with a compound annual growth rate (CAGR) of 5.4%. Several factors contribute to this expected growth during the forecast period. These include the transition towards environmentally-friendly and ethically responsible sourcing, adoption of artificial intelligence, broadening of international trade, real-time data analysis and insights, along with collaborations and partnerships. Forecast period trends embrace the incorporation of 5G technology, service customization and personalization, the implementation of cybersecurity protocols for data protection, alliances with technology startups, and a move towards data-centered decision-making.
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Which Key Market Drivers Powering Wholesale Electronic Markets And Agents And Brokers Market Expansion and Growth?
The growth of the wholesale electronic markets alongside agents and brokers is projected to be propelled by the increasing demand for consumer electronics. Consumer electronics are everyday non-commercial or professional electronic products intended for consumer use. The surge in demand for consumer electronics, specifically computers and televisions, is predicted to prove beneficial for wholesale electronic markets and agents and brokers, as their operations include bulk purchases of new items for sale at wholesale rates to stores and the procurement of used electronics for purposes of recycling or resale. As an example, Deloitte Touche Tohmatsu Limited, a UK-based professional services network that offers audit, consulting, tax, and advisory services worldwide, reported in February 2022 that over the past three years, consumer electronics sales growth rates have varied. There was a 34% increase in computers, TV sets saw a 12% boost, and smartphones witnessed a 1% rise. This suggests that the escalating demand for consumer electronics is fuelling the growth of the wholesale electronic markets and agents and brokers market.
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Which Fast-Growing Trends Are Poised to Disrupt the Wholesale Electronic Markets And Agents And Brokers Market?
The development of innovative products by the leading businesses in the wholesale electronic markets and brokers and agents industry has become the prime trend. These companies are focusing on innovation in order to consolidate their market presence. For example, goTRG, a firm based in the USA that specializes in supply chain management, introduced goWholesale in January 2023. This new platform utilizes real-time data to offer new and refurbished electronics, as well as surplus high-quality wholesale items for retailers, manufacturers, and wholesalers to purchase and trade. goWholesale stands out with its exclusive features like a shipment visualization tool that reveals the capacity of each box or pallet, the ability to choose a location, and a price history tool that provides insights into pricing models and product sales history, all whilst providing an advanced, open, and engaging buying experience.
What Are the Emerging Segments in the Wholesale Electronic Markets And Agents And Brokers Market?
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
Subsegments:
1) By Electronic Devices: Computers And Accessories, Mobile Phones And Accessories, Audio And Video Equipment, Cameras And Photography Equipment, Gaming Consoles And Accessories
2) By Home Appliances: Major Appliances, Small Appliances, HVAC Equipment, Kitchen Appliances
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Who Are the Global Leaders in the Wholesale Electronic Markets And Agents And Brokers Market?
Major companies operating in the wholesale electronic markets and agents and brokers market include 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., dic*ker Data Ltd., Westcon-Comstor
Which are the Top Profitable Regional Markets for the Wholesale Electronic Markets And Agents And Brokers Industry?
Asia-Pacific was the largest region in the wholesale electronic markets and agents and brokers market in 2024. The regions covered in the wholesale electronic markets and agents and brokers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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