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 observed in the historic period can be credited to various factors, including economic expansion, increased manufacturing output, the globalization of supply chains, efficient inventory management systems, and heightened 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%. Forecasted growth hinges on e-commerce expansion, supply chain resilience, sustainability practices, global trade dynamics, durable goods innovation, and heightened data security measures. Major upcoming trends encompass digital supply chain technologies, personalized value-added services, manufacturer collaborations for innovation, data-driven inventory management, and substantial technological investments.

The durable goods wholesaler's market is poised for growth, primarily driven by the increasing demand for e-commerce. E-commerce, which involves online buying and selling of goods and services, is playing a pivotal role in shaping the future of durable goods wholesalers. Leveraging electronic channels, e-commerce facilitates operational efficiency, cost reduction, and access to a broader customer base for these wholesalers. The United States Census Bureau reported in August 2023 that e-commerce estimates for the second quarter of 2023 witnessed a significant 7.5% increase compared to the second quarter of 2022. In contrast, overall retail sales saw a 0.6% rise during the same period. Notably, online stores accounted for 15.4% of all sales in the second quarter of 2023. This surge in e-commerce demand is a driving force behind the growth of the durable goods wholesaler's market.

The durable goods wholesaler's market is anticipated to experience growth due to the increasing demand for international trade. International trade, involving the exchange of goods, services, and capital across national borders, provides durable goods wholesalers with opportunities to expand their customer base beyond domestic markets. By exporting durable goods to foreign markets, wholesalers can tap into new revenue streams and reach diverse customer segments. According to the House of Commons Library's data in September 2023, the UK exhibited a $111.94 billion trade deficit with the EU in 2022 but managed a $5 billion trade surplus with non-EU nations. In the three months leading to July 2023, the overall trade deficit climbed to $19.35 billion from the preceding three months' deficit of $14.72 billion. The increasing demand for international trade is a significant factor propelling the growth of the durable goods wholesaler's market.

The integration of technology in the wholesale industry is instrumental in enhancing efficiency and optimizing operations. Digitization in the wholesale trade market not only improves customer engagement but also ensures seamless connectivity. By automating the sales order process and adopting an omnichannel strategy, wholesale companies can provide a superior customer experience, engaging with clients across various sales channels and offering multiple purchasing options. A notable example is Wasco, a leading wholesaler of central heating and plumbing products, which utilizes a solution to manage and publish product information across all channels, aiming to create a distinctive omnichannel customer experience.

Prominent companies in the durable goods wholesaler's market are actively innovating new technological platforms, such as wholesale platforms, to enhance profitability. A wholesale platform serves as an online marketplace where companies can buy and sell goods in large quantities. For instance, in April 2022, CoutLoot, an India-based marketplace, launched a wholesale platform designed to directly connect manufacturers and retailers. Offering approximately 5,000 Stock Keeping Units (SKUs) from 240 small and medium companies in India, the wholesale platform provides retailers with a diverse range of options. The platform's objective is to assist small and medium-sized businesses (SMBs) in discovering high-demand products and establishing connections between distributors and manufacturers. Known for its user-friendly interface and competitive pricing, the wholesale platform enables SMBs to procure goods in bulk at discounted rates.

Major companies operating in the durable goods wholesalers market report are Walmart Inc., McKesson Corporation, Xiamen C&D Inc., Lowe's Companies Inc., Wuchan Zhongda Group, Sysco Corp., Arrow Electronics, Tech Data Corporation, Medipal Holdings Corporation, United Natural Foods Inc., Ferguson PLC, WPG Holdings, Avnet lnc., Genuine Parts Company, WESCO International Inc., Brenntag AG, W.W. Grainger Inc., LKQ Corporation, Graybar Electric Company Inc., Anixter International Inc., Beacon Roofing Supply Inc., Airgas Inc., Fastenal Company, HD Supply Holdings Inc., Applied Industrial Technologies Inc., MSC Industrial Direct Co. Inc., NOW Inc., DXP Enterprises Inc., Huttig Building Products Inc., Brueder Mannesmann AG, TTI lnc., Sonepar S.A., Wolseley PLC, Würth Group, S.P. Richards Company, Interline Brands Inc.

Asia-Pacific was the largest region in the durable goods wholesalers market in 2023. Western Europe was the second-largest region in the durable goods wholesalers market. The regions covered in the durable goods wholesalers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the durable goods wholesalers market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa. The durable goods wholesaler market includes revenues earned by entities by washers, dryers, refrigerators, air conditioners, tools, computers, televisions, jewelry, cars and trucks, and home and office furnishings. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.


Varieties of durable goods wholesalers include those focused on motor vehicles and their parts, furniture and home furnishings, construction materials such as lumber, professional and commercial equipment, metals and minerals (excluding petroleum), household appliances, electrical and electronic goods, hardware, plumbing, heating equipment and supplies, machinery, and miscellaneous durable goods. Wholesalers in the furniture and furnishing industry primarily cater to retailers, operating on a business-to-business (B2B) model, selling exclusively to other businesses rather than direct consumers. These wholesalers operate within different ownership structures, such as wholesale distribution chains or as independent wholesalers, offering products across premium, mid-range, and economy price segments.

The durable goods wholesalers market research report is one of a series of new reports that provides durable goods wholesalers market statistics, including durable goods wholesalers industry global market size, regional shares, competitors with a durable goods wholesalers market share, detailed durable goods wholesalers market segments, market trends and opportunities, and any further data you may need to thrive in the durable goods wholesalers industry. These durable goods wholesaler’s market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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