Heavy-duty growth: Increased manufacturing output and total trade value will continue to drive demand, benefiting the industry

The Industrial Machinery and Equipment Wholesaling industry in New York is dependent on manufacturers and trade. Over the five years to 2017, manufacturing GDP for New York is estimated to increase, indicating rising levels of manufacturing activity and in turn demand for industry products. Another positive driver for the industry is trade. Over the five years to 2017, total trade value is estimated to rise, meaning demand for machinery and equipment used throughout trade operations has strengthened. Increased demand from growing levels of both trade and manufacturing have contributed to growth over the five years to 2017, driving revenue to increase...read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
2.4%
Forecast Growth 17-22
Profit
Employment
11,796
Businesses
1,096

Industry Threats & Opportunities

  • A steady increase in manufacturing activity has heightened demand for new industrial machinery
  • Trade activity demands various kinds of industrial machinery and equipment
  • As trade and industrial output increase, demand for industry products will increase
  • Industry Report - Industry Investment Chapter

    The Industrial Machinery and Equipment Wholesaling industry in New York has a low level of capital intensity. On average, operators in this industry spend $0.13 on machinery, equipment and other capital expenses for every dollar spent on labor. In 2017, wages are estimated to account for 8.5% of industry revenue. Depreciation costs, which serve as a proxy for capital investments, are estimated to only account for 1.1% of industry revenue. Industry players primarily rely on employees with sales experiences, customer service skills and sometimes technical skills such as machinery maintenance and repairs. Over the five years to 2017, wages as a percentage of revenue and capital expenditures have remained fairly stable. Aut...purchase to read more.

    Additional Insights for the Industrial Machinery & Equipment Wholesaling in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Machinery & Equipment Wholesaling in New York 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 Manufacturing GDP for New York and Industrial production index in the Industrial Machinery & Equipment Wholesaling in New York industry impact industry performance..

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    What's in this report

    What is the Industrial Machinery & Equipment Wholesaling in New York Industry?

    This industry primarily distributes 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
  • Heavy-duty industrial machinery and equipment
  • General-purpose industrial machinery, equipment and parts
  • Materials handling equipment
  • Metalworking machinery
  • 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 Supplies Wholesaling in New York
  • Construction & Mining Equipment Wholesaling in Illinois
  • Farm, Lawn & Garden Equipment Wholesaling in Illinois
  • Industrial Machinery & 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
  • Manufacturing GDP for New York
  • Industrial production index
  • Private investment in industrial equipment and machinery
  • Total trade value
  • Demand from oil and gas extraction

  • Current Performance
  • Sales on the rise
  • Growing downstream markets
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Strengthening downstream demand
  • Industry landscape
  • Table: Industrial Machinery & Equipment Wholesaling in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Machinery & Equipment Wholesaling in New York 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
  • Heavy-duty industrial machinery and equipment
  • General-purpose industrial machinery, equipment and parts
  • Other
  • Materials handling equipment
  • Metalworking machinery
  • Chart: Industrial Machinery & Equipment Wholesaling in New York Industry Products and Services Segmentation

  • Major Markets
  • Manufacturing users
  • Other
  • Wholesalers
  • Businesses for end use
  • Retailers
  • Chart: Major Market Segmentation for the Industrial Machinery & Equipment Wholesaling in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Machinery & Equipment Wholesaling in New York

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

  • F & F Industrial Equipment Corp., H. Weiss Machinery & Supply Inc., MSC Industrial, W.W. Grainger Inc.,
  • Table: F & F Industrial Equipment Corp. - financial performance
  • Table: H. Weiss Machinery & Supply Inc. - financial performance
  • Table: MSC Industrial - financial performance
  • Table: W.W. Grainger Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Machinery & Equipment Wholesaling in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Manufacturing GDP for New York (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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Industrial Machinery & Equipment Wholesaling in New York 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
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    This report on Industrial Machinery & Equipment Wholesaling in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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