Industrial Machinery & Equipment Wholesaling in the US
The Industrial Machinery and Equipment Wholesaling industry distributes various products to different industries. Despite this diversity, the industry's success is ultimately dependent on levels of manufacturing activity and industrial production in the United States. At the outset of the five-year period to 2019, high commodity prices and increased industrial activity supported growing demand for industry products. However, a later decline in commodity prices, primarily oil and gas, stifled demand for industry products. Demand for metalworking machinery manufacturing has also increased, while higher industrial production has resulted in a greater need for storage and material-handling equipment. Overall, industry revenue is expected to decline during the current period due to heavy declines in oil and gas prices in both 2015 and 2016. However, industry revenue trends are projected to reverse over the five years to 2024, with revenue expanding as a result of stronger growth in downstream markets, which will likely lead to increased demand for industry products.
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, as well as 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.
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