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

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

The Wholesale Trade Agents and Brokers industry has faced rising external competition, namely from e-commerce channels that have enabled manufacturers to directly distribute their products. More companies are becoming vertically integrated, cutting off wholesalers from the supply chain, which has also decreased overall demand for industry services. The COVID-19 pandemic has furthered the industry's decline, as the economy's shift toward online retail has accelerated. As a result, industry revenue is expected to decrease at a CAGR of 3.3% to $570.6 billion over the five years to 2023.

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.