Overview

Well oiled: An increase in the number of businesses and ramped up manufacturing output will drive industry growth

IBISWorld’s Industrial Machinery & Equipment Wholesaling in Illinois Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Industrial Machinery & Equipment Wholesaling in Illinois industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • General-purpose machinery and equipment are vital to growth as the products can be used across a wide range of operations
  • General-purpose machinery and equipment is the leading product segment in terms of revenue generation
  • Demand growth will entice new players into the industry

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    Industry Analysis & Industry Trends

    Over the five years to 2017, the number of businesses in Illinois has increased, which has helped promote demand for the Industrial Machinery and Equipment Wholesaling industry industry in Illinois, in turn growing industry revenue. However, as manufacturers have relocated out of the state, the resulting weak manufacturing output has restricted demand and thus, suppressed revenue growth slightly. Over the five years to 2022, the trends that have driven growth in industry demand and revenue are anticipated to persist. The number of businesses in Illinois is expected to continue to expand as new businesses enter the economy. Furthermore, manufacturing output by remaining manufacturing companies is forecast to ramp up...

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    Industry Report - Industry Investment Chapter

    The Industrial Machinery and Equipment Wholesaling industry in Illinois has a low level of capital intensity. On average, operators in the industry spend $0.10 on machinery, equipment and other capital expenses for every dollar spent on labor. In 2017, wages are estimated to account for 10.8% of industry revenue. Meanwhile, depreciation costs, which serve as a proxy for capital investments, are estimated to total 1.1%. This industry relies on employees with customer service, sales and marketing skills. Ove..

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    Additional Insights for the Industrial Machinery & Equipment Wholesaling in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Machinery & Equipment Wholesaling in Illinois Industry are

  • Ability to clearly specify requirements to suppliers/contractors
  • Having a loyal customer base
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Number of Businesses in Illinois and Industrial production index in the Industrial Machinery & Equipment Wholesaling in Illinois industry impact industry performance..

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    Industry Products

    What is the Industrial Machinery & Equipment Wholesaling in Illinois Industry?

    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.

    Industry Products
    General-purpose machinery and equipment
    Metalworking machinery and equipment
    Materials handling machinery and equipment
    Heavy-duty industrial machinery and equipment
    Parts and supplies for industrial machinery and equipment
    Service receipts and labor charges
    Industry Activities
    Wholesaling general-purpose industrial machinery and equipment
    Wholesaling other industrial machinery and equipment
    Wholesaling oil-well machinery and equipment
    Wholesaling material-handling machinery and equipment
    Wholesaling metalworking machinery and equipment
    Performing service and labor on equipment and machinery
    Wholesaling food-processing machinery and equipment
    Wholesaling hydraulic and pneumatic equipment and machinery

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of Businesses in Illinois
  • Industrial production index
  • Manufacturing GDP for Illinois
  • Private investment in industrial equipment and machinery

  • Current Performance
  • Sales growth
  • Increase demand drives growth
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued demand growth
  • Landscape outlook
  • Table: Industrial Machinery & Equipment Wholesaling in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Machinery & Equipment Wholesaling in Illinois Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Construction
  • Manufacturing
  • Machine Shop Services
  • Wholesale Trade
  • Retail Trade
  • Public Storage & Warehousing
  • Public Administration

  • Key Selling Industries
  • Copier & Optical Machinery Manufacturing
  • Forklift & Conveyor Manufacturing
  • Metalworking Machinery Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Pump & Compressor Manufacturing
  • Valve Manufacturing
  • Woodworking Machinery Manufacturing

  • Products & Services
  • General-purpose machinery and equipment
  • Metalworking machinery and equipment
  • Heavy-duty industrial machinery and equipment
  • Other
  • Materials handling machinery and equipment
  • Parts and supplies for industrial machinery and equipment
  • Service receipts and labor charges
  • Chart: Industrial Machinery & Equipment Wholesaling in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Manufacturers
  • Other
  • Wholesalers
  • Businesses for end use
  • Retailers
  • Chart: Major Market Segmentation for the Industrial Machinery & Equipment Wholesaling in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Machinery & Equipment Wholesaling in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Machinery & Equipment Wholesaling in Illinois Industry

  • Major Companies
    Chicago Industrial Equipment, Inc.MSC Industrial Direct Co. Inc.Raco Industrial CorporationW.W. Grainger Inc.
  • Table: Chicago Industrial Equipment, Inc. - financial performance
  • Table: MSC Industrial Direct Co. Inc. - financial performance
  • Table: Raco Industrial Corporation - financial performance
  • Table: W.W. Grainger Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Machinery & Equipment Wholesaling in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Industrial Machinery & Equipment Wholesaling in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of business in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Capacity Utilization
  • In the context of this industry, this represents an industry's percentage of the manufacturing capacity (e.g. a plant) that is actually used for production purposes.
  • Maintenance, Repair And Operations (Mro)
  • Machinery and equipment used mainly for maintenance and repair purposes, which includes conveyors and plumbing tools.
  • Offshoring
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Industrial Machinery & Equipment Wholesaling in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Industrial Machinery & Equipment Wholesaling in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Industrial Machinery & Equipment Wholesaling in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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