Wholesale Trade Agents and Brokers in the US - Industry Market Research Report

Wholesale Trade Agents and Brokers in the US - Industry Market Research Report

  • May 2020 •
  • 33 pages •
  • Report ID: 575944 •
  • Format: PDF
Time to buy: The industry will likely take a turn as the number of US businesses rebounds

Abstract

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. The producer price index (PPI) for wholesaling industries, which measures the average change in selling prices for goods received by wholesalers, has remained at elevated levels for the majority of the past five years, except in 2016 and 2017. 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. Over the five years to 2019, industry revenue is expected to grow. Over the five years to 2024, industry revenue is forecast to increase at an annualized rate of 0.9% to $877.2 billion. As more consumers purchase products online, fewer manufacturers will require wholesale trade agents and brokers. Moreover, the business-to-business e-commerce market will continue to dampen industry revenue by enabling suppliers and buyers to engage in wholesaler bypass.

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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