The wholesale trade market comprises establishments in wholesaling merchandise and rendering services after the sale of merchandise. Wholesale trade comprises purchasing, storing and selling the goods to retailers, professional authorities or to other wholesalers.
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The global wholesale market is valued at $9 trillion in 2017 and observes rise in the public and private investments, growth in B2B business and developing ecommerce.
The wholesale market in The Business Research Company’s report is segmented into three segments, namely durable goods merchant wholesalers, non-durable goods merchant wholesalers, and wholesale electronic markets and agents and brokers. While the first two segments accounts for nearly 90% of the market share, the remaining share is attributed to the other segment.
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The USA was the largest country in the wholesale market in 2017, accounting for nearly, one-fifth of the market share. This was mainly due to the country’s large consumer population having high purchasing power. The USA was followed by Brazil and China as the next largest countries in the market.
McKesson Corporation was the largest competitor in the wholesale market, followed by AmerisourceBergen Corporation and Cardinal Health, Inc. McKesson Corporation is a pharmaceutical wholesale company which provides medicines, pharmaceutical and care management.
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