Wholesale electronic markets and agents and brokers arrange the purchase or sale of the goods owned by others, on a fee or commission basis. The sector includes business to business electronic markets and platforms and agents that will facilitate for wholesale trade. The industries in this sector does not own or handle the products they sell.
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The market was valued at $916 billion in 2017. Public and private investments, growth in B2B business, and developing ecommerce, will be the key market drivers for the wholesale market.
Western Europe was the largest geographic region in the wholesale electronic markets and agents and brokers market in 2017, accounting for about two-fifth of the global market share. This was mainly because a large number of wholesale establishments based in the region expanded globally and innovated their business models and key attributes. Germany was the major contributor of this market share.
The wholesale electronic markets and agents and brokers global market is split into segments: business to business electronic markets and wholesale trade agents and brokers.
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The USA was the biggest player in the market in 2017, accounting for one-fifth of the market share. This can be attributed to the country’s large consumer population having high purchasing power. The USA was followed by China as the next largest country in the market.
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