Wholesale Trade Agents and Brokers in the US
The Wholesale Trade Agents and Brokers industry consists of companies that act as intermediaries between buyers and sellers to help distribute a wide range of products. While wholesalers have grappled with higher purchase prices, they have also benefited from larger commissions from negotiating purchases of high-cost goods on behalf of clients. Industry revenue has grown over the five years to 2018. Over the five years to 2023, industry revenue is forecast to continue increasing. As more consumers purchase products online, fewer manufacturers will require wholesale trade agents and brokers. Moreover, the business-to-business (B2B) e-commerce market will continue to dampen industry revenue by enabling suppliers and buyers to engage in wholesaler bypass. Still, the industry will benefit from the emergence of more small businesses, which will likely require wholesale trade agents and brokers.
Wholesale trade agents and brokers act on behalf of buyers and sellers to distribute goods at a wholesale level. They refrain from taking title of goods in the selling process and instead generate income from commissions and fees for their services. Establishments acting in the capacity of agents, or brokers that operate using the internet or other electronic means, are excluded from the industry.
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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