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

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

  • May 2019
  • 20 pages
  • ID: 5470369
  • Format: PDF
  • By Ibisworld

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Heavy lifting: A spike in export activity is anticipated to fuel demand for industry services

Abstract

Industrial Machinery & Equipment Wholesaling in Florida
Over the five years to 2017, conflicting demand trends affecting the Industrial Machinery and Equipment Wholesaling industry in Florida have resulted in falling industry revenue. For instance, the industrial production index, which measures output from the manufacturing, mining and utilities industries, has been growing over the period. Businesses in these industries frequently use industry products for various applications throughout their operations. However, Florida has experienced weak trade activity, and as ports are key users of material handling equipment, the decline in exports has weakened demand over the period. Over the five years to 2022, continued growth in industrial production will further promote demand for industry products from the manufacturing, mining and utilities industries. Additionally, during the five-year period, trade activity is anticipated to ramp up.

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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