The Durable Goods Wholesalers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Durable Goods Wholesalers Global Market Report 2024, The durable goods wholesalers market size has grown strongly in recent years. It will grow from $24370.91 billion in 2023 to $26390.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to economic growth, manufacturing output, globalization of supply chains, inventory management systems, demand from retailers.
The durable goods wholesalers market size is expected to see strong growth in the next few years. It will grow to $35276.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to e-commerce growth, supply chain resilience, sustainable practices, global trade dynamics, durable goods innovation, data security measures. Major trends in the forecast period include digital supply chain technologies, customized and value-added services, collaboration with manufacturers for innovation, data analytics for inventory management, technological investments.
The increasing demand for e-commerce is expected to propel the growth of the durable goods wholesaler’s market going forward. E-commerce refers to the buying and selling of goods and services over the internet and other electronic channels. E-commerce enables Durable Goods Wholesalers to streamline operations, reduce costs, and tap into a wider customer base, contributing to their growth and competitiveness in the market. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 climbed by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores Therefore, the increasing demand for e-commerce is driving the growth of the durable goods wholesaler’s market.
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The durable goods wholesalers market covered in this report is segmented –
1) By Type: 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
2) By Ownership: Wholesale/Distribution Chain, Independent Wholesalers
3) By Price Range: Premium, Mid-Range, Economy
Major companies operating in the durable goods wholesaler’s market are innovating new technological platforms such as wholesale platform to increase their profitability in the market. A wholesale platform is an online market where companies may purchase and promote things in large quantities. For instance, in April 2022, CoutLoot, an India-based market place launched wholesale platform to directly link manufacturers and retailers. The wholesale platform offers approximately 5,000 SKUs from 240 small and medium companies in India, giving retailers a wide range of options. The platform’s goal is to assist small and medium-sized businesses (SMBs) in locating high-demand goods and link distributors with producers. The wholesale platform is user-friendly and reasonably priced, and it enables SMBs to purchase goods in large numbers at discount rates.
The durable goods wholesalers market report table of contents includes:
1. Executive Summary
2. Durable Goods Wholesalers Market Characteristics
3. Durable Goods Wholesalers Market Trends And Strategies
4. Durable Goods Wholesalers Market – Macro Economic Scenario
5. Global Durable Goods Wholesalers Market Size and Growth
….
31. Global Durable Goods Wholesalers Market Competitive Benchmarking
32. Global Durable Goods Wholesalers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Durable Goods Wholesalers Market
34. Durable Goods Wholesalers Market Future Outlook and Potential Analysis
35. Appendix
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