Wholesale Trade in the US - Industry Market Research Report

Wholesale Trade in the US - Industry Market Research Report

Wholesale Trade in the US

The Wholesale Trade sector has expanded, overcoming the volatility that has defined recent years. Prior to the pandemic, the sector benefited from demand for goods from the Retail Trade sector (IBISWorld report 44-45) on account of greater consumer spending, which has been driven by increasing disposable income and confidence in the economy. The sector has also benefited from the steady flow of goods traded with the United States, necessitating their distribution. However, COVID-19 wreaked havoc on the economy, with US GDP growth declining in 2020; sector revenue contracted 7.8% in 2020 as a result.

The Wholesale Trade sector is an intermediary step in the supply chain process. Companies in the sector distribute goods from agriculture, mining, manufacturing and information industries to downstream markets, typically without any transformation.

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.