$303.0bn
$XX.Xbn
370k
28,076
$XX.Xbn
Industrial machinery and equipment wholesalers sell various products to various downstream markets. They sell drilling, refining and pipeline products for the oil and natural gas sector; hoists and forklifts for the material handling sector; and diesel engines, pumps and metalworking machinery for the manufacturing sector. For machinery and equipment wholesalers, revenue performance is closely tied to macroeconomic output indicators. Over the past five years, volatile production capacities have limited demand for industrial machinery and equipment, and, while the industry has begun to recover from COVID-19, revenue is still down from its standing five years ago. Industry revenue has fallen at an expected CAGR of 0.5% to an estimated $303.0 billion, including an expected 0.5% increase in 2023.
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $303.0bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
W.W. Grainger, Inc. | 9,244.6 | 499.2 | 5.4 | |
Applied Industrial Technologies Inc. | 2,521.3 | 161.4 | 6.4 | |
MRC Global Inc. | 1,985.1 | 228.3 | 11.5 |
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Industrial Machinery & Equipment Wholesaling in the US
Industry revenue is measured across several distinct product and services lines, including General-purpose machinery and equipment, Other industrial machinery and equipment and Oil well, refinery and pipeline machinery and equipment. General-purpose machinery and equipment is the largest segment of the Industrial Machinery & Equipment Wholesaling in the US.
General-purpose machinery is versatile and widely needed
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 and service receipts from repairs and labor performed on customer equipment.
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NAICS 42383 - Industrial Machinery & Equipment Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High interest rates and economic concerns have discouraged investment in new machinery. Investment has risen in the wake of COVID-19 but remains at a slower pace.
Learn about an industry's products and services, markets and trends in international trade.
Many industries rely on industrial machinery and equipment for operations. This stabilizes most product segments, even during downturns in some markets.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to key markets is a priority. The Great Lakes, Southeast and Southwest regions allow wholesalers to decrease delivery time and improve customer service.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Maintaining an extensive operation is key to avoiding direct-to-manufacturer sales. Fast customer service gives wholesalers a unique advantage and justifies slightly higher p...
Learn about the performance of the top companies in the industry.
No company controls more than 5.0% of the market. High fragmentation is a result of low barriers to entry constantly allowing new entrants.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Machinery wholesaling is tethered to crude oil production. Low oil production decreases sales and boosts costs, volatility in oil production and prices over the past five yea...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit for industrial machinery wholesalers is low, typical for wholesalers in other industries. This slows acquisition activity, but periods of high crude oil production rai...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Industrial Machinery & Equipment Wholesaling in the US industry in United States is $303.0bn in 2024.
There are 28,076 businesses in the Industrial Machinery & Equipment Wholesaling in the US industry in United States, which has declined at a CAGR of 1.9 % between 2018 and 2023.
The market size of the Industrial Machinery & Equipment Wholesaling in the US industry in United States has been declining at a CAGR of 0.5 % between 2018 and 2023.
Over the next five years, the Industrial Machinery & Equipment Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Industrial Machinery & Equipment Wholesaling market in United States are W.W. Grainger, Inc., Applied Industrial Technologies Inc. and MRC Global Inc.
General-purpose industrial machinery and equipment and Other industrial machinery and equipment are part of the Industrial Machinery & Equipment Wholesaling in the US industry.
The company holding the most market share in United States is W.W. Grainger, Inc..
The level of competition is moderate and steady in the Industrial Machinery & Equipment Wholesaling in the US industry in United States.