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

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...read more.

Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 12-17
1.8%
Forecast Growth 17-22
Profit
Employment
24,567
Businesses
1,565
What Our Customers Say

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
  • Industry Report - Industry Analysis Chapter

    The Industrial Machinery and Equipment Wholesaling industry in Illinois provides a variety of products that are commonly used for a range of industrial applications. Products include general-purpose machinery and equipment that can be used for various purposes in different downstream industry, as well as products with more specific purposes such as material handling equipment, machining equipment and food processing equipment. Demand for industry products is driven by overall business activity, industrial production and manufacturing activity.Sales growthOver the five years to 2017, the Industrial Machinery and Equipment Wholesaling industry in Illinois has grown at a moderate annualized rate of 1.8%. Whi...purchase to read more.

    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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    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
  • Similar Industries
  • Construction & Mining Equipment Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Industrial Supplies Wholesaling
  • Janitorial Equipment Supply Wholesaling
  • Aircraft, Marine & Railroad Transportation Equipment Wholesaling
  • Construction & Mining Equipment Wholesaling in California
  • Industrial Machinery & Equipment Wholesaling in California
  • Industrial Supplies Wholesaling in California
  • Construction & Mining Equipment Wholesaling in New York
  • Industrial Machinery & Equipment Wholesaling in New York
  • Industrial Supplies Wholesaling in New York
  • Construction & Mining Equipment Wholesaling in Illinois
  • Farm, Lawn & Garden Equipment Wholesaling in Illinois
  • Industrial Supplies Wholesaling in Illinois
  • Construction & Mining Equipment Wholesaling in Texas
  • Farm, Lawn & Garden Equipment Wholesaling in Texas
  • Industrial Supplies Wholesaling in Texas
  • Industrial Machinery & Equipment Wholesaling in Texas
  • Construction & Mining Equipment Wholesaling in Florida
  • Industrial Machinery & Equipment Wholesaling in Florida
  • Industrial Supplies Wholesaling in Florida
  • Industrial Machinery & Equipment Wholesaling in Massachusetts
  • Industrial Supplies Wholesaling in Massachusetts
  • Construction & Mining Equipment Wholesaling in Ohio
  • Industrial Supplies Wholesaling in Ohio
  • Industrial Machinery & Equipment Wholesaling in Ohio
  • Construction & Mining Equipment Wholesaling in Pennsylvania
  • Industrial Machinery & Equipment Wholesaling in Pennsylvania
  • Industrial Supplies Wholesaling in Pennsylvania
  • Construction & Mining Equipment Wholesaling in New Jersey
  • Industrial Machinery & Equipment Wholesaling in New Jersey
  • Industrial Supplies Wholesaling in New Jersey
  • Industrial Machinery & Equipment Wholesaling in Georgia
  • Industrial Supplies Wholesaling in Georgia
  • Industrial Machinery & Equipment Wholesaling in Michigan
  • Industrial Supplies Wholesaling in Michigan
  • Industrial Machinery & Equipment Wholesaling in Wisconsin
  • Industrial Supplies Wholesaling in Wisconsin
  • Industrial Machinery & Equipment Wholesaling in Washington
  • Industrial Supplies Wholesaling in Washington
  • Industrial Machinery & Equipment Wholesaling in Virginia
  • Industrial Supplies Wholesaling in Virginia
  • Industrial Machinery & Equipment Wholesaling in Tennessee
  • Industrial Supplies Wholesaling in Tennessee
  • Construction & Mining Equipment Wholesaling in Missouri
  • Farm, Lawn & Garden Equipment Wholesaling in Missouri
  • Industrial Machinery & Equipment Wholesaling in Missouri
  • Industrial Machinery & Equipment Wholesaling in North Carolina
  • Industrial Supplies Wholesaling in North Carolina
  • Industrial Machinery & Equipment Wholesaling in Minnesota
  • Industrial Supplies Wholesaling in Minnesota
  • Industrial Machinery & Equipment Wholesaling in Maryland
  • Industrial Supplies Wholesaling in Maryland
  • Industrial Machinery & Equipment Wholesaling in Colorado
  • Industrial Supplies Wholesaling in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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

  • 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

  • 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
    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
    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’s Industry Market Report on Industrial Machinery & Equipment Wholesaling in Illinois is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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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