Overview

Bottom of the barrel: Reduced demand from oil drillers will briefly interrupt the industry's recovery

IBISWorld’s industry research report on Industrial Machinery & Equipment Wholesaling contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$262bn
Annual Growth
11-16
4.4%
Annual Growth
16-21
Profit
Employment
364,145
Business
30,435

Industry Threats & Opportunities

  • A steady increase in manufacturing activity has heightened demand for new industrial machinery
  • The industry will continue to benefit from higher demand for metalworking machinery and equipment
  • Improving conditions in downstream markets will translate to higher demand for industrial machinery
  • Industry Analysis & Industry Trends

    Increased industrial production since the recession has translated to strong growth for the Industrial Machinery and Equipment Wholesaling industry. In the five years to 2016, many of the industry's key downstream markets, such as automotive manufacturing and metalworking, have exhibited heightened activity and renewed investment in new machinery. However, revenue is expected to decrease slightly in 2016 due to declining demand from the energy sector in the wake of a sharp drop in oil prices since 2015. Nevertheless, oil prices are expected to rebound in the next five years, and continued improvements in the industry's other key markets will sustain growth through 2021.

    Industry Report - Industry SWOT Analysis Chapter

    This industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow at an annualized rate of 3.9% during the 10 years to 2021. Meanwhile, US GDP is projected to grow an annualized 2.1% during the same period. IVA growth that exceeds overall economic growth is an indicator of an expanding industry. However, a variety of other factors signal this industry's maturity.

    Recent accelerated US spending on industrial machinery and equipment, especially from high-growth markets like oil and gas drilling, has revived this wholesaling industry, which experienced a sharp downturn during the recession. As

    Additional Insights for the Industrial Machinery & Equipment Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Machinery & Equipment Wholesaling 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 Private investment in industrial equipment and machinery and Demand from oil drilling and gas extraction in the Industrial Machinery & Equipment Wholesaling industry impact industry performance..

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    Industry Products

    What is the Industrial Machinery & Equipment Wholesaling 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
    Other industrial machinery and equipment
    Oil well, refinery and pipeline machinery and equipment
    Material-handling equipment
    Metalworking machinery and equipment
    Service receipts and labor charges
    Food-processing 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

    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
  • Private investment in industrial equipment and machinery
  • Demand from oil drilling and gas extraction
  • Industrial production index
  • Demand from public storage and warehousing
  • Demand from wholesale trade
  • World price of steel

  • Current Performance
  • Revenue rebounds
  • Vacillating demand from the oil and gas markets
  • Other markets remain strong
  • Rising profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream opportunities and threats
  • Industry landscape
  • Table: Industrial Machinery & Equipment Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Machinery & Equipment Wholesaling 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
  • Other industrial machinery and equipment
  • Oil well, refinery and pipeline machinery and equipment
  • Material-handling equipment
  • Metalworking machinery and equipment
  • Food-processing machinery
  • Service receipts and labor charges
  • Chart: Industrial Machinery & Equipment Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
  • Private investment in new machinery and equipment
  • Replacement demand
  • Seasonality

  • Major Markets
  • Manufacturers
  • Wholesalers
  • Businesses for end use
  • Other markets
  • Retailers for resale
  • Building, heavy construction and special trade contractors
  • Repair shops
  • Government bodies
  • Chart: Major Market Segmentation for the Industrial Machinery & Equipment Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Machinery & Equipment Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Machinery & Equipment Wholesaling Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Machinery & Equipment Wholesaling 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 Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Private investment in industrial equipment and machinery (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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