List Trader presents the global wholesale market report for the year 2021 – 2022.
As per per reports, the global wholesale market will grow from $172 billion in 2018 to more than $200 billion by 2022.
Furthermore, it is reported to grow more than $260 billion by 2023.
Many factors influence the demand of wholesale goods. For instance, including the increased digitization of retail operations and the continued fragmentation of consumer markets. Growth of ecommerce is also a major factor.
This wholesale market report covers topics like competitive analysis, market segmentation, key vendors, and new trends. It also highlights the latest trends and developments in the global wholesale market.
The report identifies the following key findings:
Wholesalers make profit by purchasing goods from manufacturers at a lower price than what they sell for to the retailers for.
Wholesalers purchase goods in bulk. They have low operating costs, and have the ability to buy goods directly from the source.
As a result, they can often sell to customers at lower prices than retailers can.
Retailers can profit by purchasing products from wholesalers at lower costs than what they would have paid if they purchased directly from the manufacturer.
Expectations are, that the wholesale industry will be worth USD 7.87 trillion in 2021 from USD 7.15 trillion in 2021. This will show a 4.1% CAGR during the forecast period.
Factors such as the increase in demand for online shopping and ecommerce are influencing the wholesale industry.
The fastest-growing market for wholesalers is predicted to be the Asia-pacific. This region accounted for nearly one-third of the total market share by 2021.
The rise in adoption of digital commerce and increasing demand for BOPIS models primarily drives the growth in this region.
The main operations and functions of wholesale companies include; buying & receiving, inventory management, pricing, order processing, and shipping & logistics.
The wholesale companies buys products from manufacturers and sell those products to retailers for a discount. They also purchase products from other wholesalers and resell them to retailers. Wholesalers also provide logistics and transportation services.
A wholesaler may buy goods directly from manufacturers or purchase products from another wholesaler. A wholesaler may also purchase products from retailers and sell them to other retailers.
The wholesale industry is highly fragmented owing to the presence of a large number of players in the market.
The competition in the wholesale industry makes it difficult for beginners to break into the market as well as for existing players to expand their business.
The major players in the wholesale market are Amazon, Alibaba, Cargill Inc., Carpediem, COFCO, Daewoo International, DSF, Glencore, Indofood, JTI, and few more.
As the online market expands, online retailers will need to buy more and more products. This is where the services of wholesalers come in.
Wholesalers purchase products directly from the manufacturer, in bulk quantities, and then resell the products to smaller retailers. This allows online retailers to stock large quantities of products at lower costs.
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