Industrial Supplies Wholesaling in Texas
The Industrial Supplies Wholesaling industry in Texas distributes a wide range of parts and supplies for machinery and equipment. Although it has been buoyed in Texas by relatively strong industrial activity, volatile oil and gas investment has hurt the state industry over the period. World oil prices tanked beginning in late 2014, the result of a global oversupply amid slowing demand from some emerging economies. The world price of crude oil fell sharply in 2015 alone and only began recovering in 2017. Unable to receive favorable prices for their products, many of the industry's oil and gas customers curtailed production, reducing their demand for related supplies. Over the next five years, the Industrial Supplies Wholesaling industry in Texas is expected to grow much more strongly than during the prior five-year period. Manufacturing activity in Texas is anticipated to accelerate, and nonresidential construction investments in the state are anticipated to outperform the national trend.
This industry wholesales general-use supplies for manufacturing and warehousing industries. Supplies include abrasives, barrels, boxes and crates, industrial containers, industrial diamonds, packaging material, printing ink, power transmission supplies, mechanical rubber goods, ropes, valves and welding supplies. The industry strictly distributes general-use industrial supplies; for example, it provides the automotive sector with valves but not with tires.
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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