Industrial Machinery & Equipment Wholesaling in Canada - Industry Market Research Report

Industrial Machinery & Equipment Wholesaling in Canada - Industry Market Research Report
Industrial Machinery & Equipment Wholesaling in Canada

Industrial wholesalers distribute a variety of products for multiple industries. These products include hoists, forklifts, diesel engines, pipes and valves. Despite the variety of product offerings, success is ultimately dependent on industrial and manufacturing activity in Canada. Downstream demand was negatively affected by the COVID-19 pandemic, with revenue falling 6.0% in 2020. Favourable economic conditions fuelled industry revenue growth in both 2021 and 2022, as downstream activity increased. Industrial wholesale revenue is expected to grow at a CAGR of 0.6% to $29.3 billion through the end of 2023, despite a dip of 1.0% in 2023 alone.

Industrial machinery and equipment wholesalers in this industry primarily distribute specialized machinery, equipment and related parts used in manufacturing, extraction and warehousing industries.

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.