$320.9bn
$XX.Xbn
420k
28,264
$XX.Xbn
Industrial machinery and equipment wholesalers sell various products to various downstream markets. For machinery and equipment wholesalers, revenue is closely tied to macroeconomic conditions. Over the past five years, revenue has faced notable volatility but is estimated to have posted overall growth due to the boom in investment spending by companies following the pandemic. Industry revenue is estimated to rise at a CAGR of 0.4% to $321.0 billion through the end of 2024, with growth of 2.9% forecast for the current year.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $320.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
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 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
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.
Purchase this report to view all 10 major companies in this industry.
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 contributed to a slowdown in equipment spending. This trend reflects broader economic caution and impacts sectors reliant on ca...
Learn about an industry's products and services, markets and trends in international trade.
Many industries depend on industrial machinery and equipment, ensuring stability in most product segments, even during market downturns. This reliance helps maintain consiste...
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 crucial. The Great Lakes, Southeast, and Southwest regions enable wholesalers to cut delivery times and boost customer service. This strategic pos...
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 closely linked to crude oil production. Low oil output decreases sales and increases costs. Volatility in oil production and prices over the past fiv...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industrial machinery wholesalers face low profit margins, much like wholesalers in other sectors. This limits acquisition activity. Periods of high crude oil production do bo...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Industrial Machinery & Equipment Wholesaling in the US industry in United States is $320.9bn in 2024.
There are 28,264 businesses in the Industrial Machinery & Equipment Wholesaling in the US industry in United States, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Industrial Machinery & Equipment Wholesaling in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
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.