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Industrial Machinery & Equipment Wholesaling in the US - Industry Market Research Report

  • December 2016
  • -
  • Ibisworld
  • -
  • 36 pages

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Bottom of the barrel: Reduced demand from oil drillers will briefly interrupt the industry's recovery

Abstract

Industrial Machinery & Equipment Wholesaling in the US

Increased industrial production since the recession has translated to strong growth for the Industrial Machinery and Equipment Wholesaling industry. In the five years to 2016, many of the industry's key downstream markets, such as automotive manufacturing and metalworking, have exhibited heightened activity and renewed investment in new machinery. However, revenue is expected to decrease slightly in 2016 due to declining demand from the energy sector in the wake of a sharp drop in oil prices since 2015. Nevertheless, oil prices are expected to rebound in the next five years, and continued improvements in the industry's other key markets will sustain growth through 2021.

Industrial machinery and equipment wholesalers primarily distribute specialized machinery, equipment and related parts used in manufacturing, extraction and warehousing industries. Wholesalers refrain from selling products to the public, but distribute new and used products to various sectors, as well as service receipts from repairs and labor performed on customer equipment.

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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