Equipped for growth
After being hit by declines in downstream demand from food manufacturers and oil and mining companies, the industry will begin to experience growth again, as the economy gears up for a revival. Still, trends of greater vertical integration from the manufacturing side will limit growth opportunities for wholesale-specific companies. As a result, the total number of establishments will take a hit over the next five years.
Wholesalers in the industry stock a range of machinery and equipment and generally serve the manufacturing, oil well and warehousing industries. The broad range of machinery and equipment sold within the industry means there is no dominant product segment, although wholesalers only stock industrial machinery and are not involved in products sold to the public. In addition, industrial machinery and equipment does not include mining-specific equipment and machinery.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.