$42.4bn
$X.Xbn
55,085
4,858
$X.Xbn
Various factors, including the state of the economy and travel-related trends, drive the performance of the Restaurant and Hotel Equipment Wholesaling industry. Over the past five years, industry revenue expanded before declining in 2020, as downstream restaurants and hotels increased expenditures on capital improvements in light of improving consumer demand. However, the COVID-19 outbreak generated the industry's most significant revenue decline in recent years, contracting 9.5% in 2020 alone. Despite recovering after the pandemic subsided, the industry continues to endure lower demand resulting from rising inflation, which ultimately reduces demand from end customers. Overall, industry revenue is expected to increase at a CAGR of 3.0% over the past five years, growing 3.3% to an estimated $42.4 billion in 2024 alone. In line with revenue growth, profit has risen during the same period.
Industry revenue has grown at a CAGR of 3.0 % over the past five years, to reach an estimated $42.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
TriMark USA LLC | 1,346.7 | 75.4 | 5.6 | |
Sysco Corporation | 601.1 | 25.3 | 4.2 | |
Clark Associates, Inc. | 439.9 | 24.6 | 5.6 |
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Industry revenue is measured across several distinct product and services lines, including Restaurant equipment , Hotel equipment and Store machines and equipment. Restaurant equipment is the largest segment of the Restaurant & Hotel Equipment Wholesaling in the US.
Combination products are a future growth opportunity for restaurant and hotel equipment
Companies in this industry distribute, sell and repair commercial machines and equipment used in restaurants and hotels. These products include cooking equipment, dishwashing equipment, balances and scales, soda fountains and food service fixtures and signs. This industry excludes the wholesaling of refrigeration equipment, which is included in the Refrigeration Equipment Wholesaling industry (IBISWorld report 42374).
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NAICS 42344 - Restaurant & Hotel 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.
Demand for restaurant and hotel equipment wholesaling primarily depends on capital expenditures within the broader sector. Improving demand incentivized accommodation and foo...
Learn about an industry's products and services, markets and trends in international trade.
The widespread availability of cost and product information has strained companies' pricing power. Both large and small wholesalers now offer a service-based component.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Wholesalers locate near downstream customers and upstream suppliers to save on transportation costs. They also consider having warehouses in low-rent regions to save on rent ...
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.
There is little product differentiation, making industry competition fierce between wholesalers. They often compete on price, promotions and the range of products sold.
Learn about the performance of the top companies in the industry.
No single company account for more than 5.0% of the market share since most companies operate regionally. The transportation costs resulting from the country's geographical d...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Wholesalers must obtain a wholesaler’s license to adhere to regulations. A retail tax license enables businesses to sell both wholesale and retail.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wholesalers’ cost structure varies slightly, depending on each company's ability to negotiate supply contracts with manufacturers based on product volume. Digitizing inventor...
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 Restaurant & Hotel Equipment Wholesaling in the US industry in United States is $42.4bn in 2024.
There are 4,858 businesses in the Restaurant & Hotel Equipment Wholesaling in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Restaurant & Hotel Equipment Wholesaling in the US industry in United States has been growing at a CAGR of 3.0 % between 2019 and 2024.
Over the next five years, the Restaurant & Hotel Equipment Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Restaurant & Hotel Equipment Wholesaling market in United States are TriMark USA LLC, Sysco Corporation and Clark Associates, Inc.
Balances and scales wholesaling and Commercial cooking equipment wholesaling are part of the Restaurant & Hotel Equipment Wholesaling in the US industry.
The company holding the most market share in United States is TriMark USA LLC.
The level of competition is high and steady in the Restaurant & Hotel Equipment Wholesaling in the US industry in United States.