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.
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.
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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