Industrial Machinery & Equipment Wholesaling in the US - Industry Market Research Report

Industrial Machinery & Equipment Wholesaling in the US - Industry Market Research Report

Industrial Machinery & Equipment Wholesaling in the US

Industrial machinery and equipment wholesalers sell various products to various downstream markets, including drilling, refining and pipeline products for the oil and natural gas sector, hoists and forklifts for the material handling sector and diesel engines, pumps and metalworking machinery for the manufacturing sector. Industry performance is closely tied to macroeconomic indicators of output. Higher production capacities to fulfill elevated demand led to more private investment in industrial equipment and machinery, bolstering revenue for wholesalers. Over the five years to 2023, industry revenue has fallen at a CAGR of 1.0% to $313.9 billion, despite a rise of 1.0% in 2023.

Industrial machinery and equipment wholesalers primarily distribute specialized machinery, equipment and related parts used in manufacturing, extraction and warehousing industries. Wholesalers refrain from selling products to the public but distribute new and used products to various sectors and service receipts from repairs and labor performed on customer equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.