Global Durable Goods Merchant Wholesalers Market Was Valued At $4 Trillion In 2017 According To TBRC’s Latest Report

Durable goods merchant wholesalers sell durable goods to other businesses. This industry comprises establishments involved in wholesaling durable products, such as furniture, motor vehicles, electrical and electronic goods, construction...

Durable goods merchant wholesalers sell durable goods to other businesses. This industry comprises establishments involved in wholesaling durable products, such as furniture, motor vehicles, electrical and electronic goods, construction materials, sporting goods, etc. Merchant wholesalers take the title of goods they sell. Durable goods have a life expectancy of more than three years.

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 The global durable goods merchant wholesalers market was valued at $4 trillion in 2017. Among regional markets, Western Europe was the largest geographic region in the market, accounting for one-fifth of the global market share. The market saw a growth due to technological implementation in the wholesale industry which increases the efficiency and streamlines operations. Digitization in wholesale trade market enhances the customer experience by efficiently engaging with them through seamless connectivity. Digitization allows the wholesale companies to automate their sales order process and create an omni-channel strategy that is interacting with customers on all sales channels and giving customers multiple purchase options. Wasco, a leading wholesaler of central heating and plumbing products is using a solution which manages and publishes product information across all channels with the aim of creating a unique omni-channel customer experience.

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The USA was the largest country in the market, accounting for almost one-tenth of the global durable goods merchant wholesalers market. This was due to the large consumer population, as well as the prevalence of a large number of retailers in the country. The USA was followed by India and China as the next largest countries in the market.

The top five competitors in the market are Avnet followed by McKesson, SYSCO, Brenntag and Medipal. Avnet, Inc. is one of the world’s largest distributors of electronic components and embedded solutions and is headquartered in Phoenix, Arizona. Although the corporation’s products have been an important part of computer networking.

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