In 2023, the number of self-employed jobs in the U.S. wholesale sector (excluding motor vehicles and motorcycles) stood at approximately 104,000. Forecasts indicate a consistent decline from 2024 to 2028, with a notable average reduction of 5.2% year-on-year. Comparatively, the compound annual growth rate (CAGR) reflects a steady downturn, averaging -6.1% across the forecasted period. This considerable decline may reflect industry consolidation, shifts towards larger wholesale enterprises, or technology-driven efficiencies reducing the demand for self-employment.
Future trends to watch for include:
- The impact of e-commerce on traditional wholesale distributors.
- Technological advancements potentially automating roles.
- Changes in regulatory environments affecting smaller wholesale operations.
