The Business Research Company’s Durable Goods Merchant Wholesalers Global Market Report 2020-30: Covid 19 Impact and Recovery. The report covers market size, key players, market share and trends to 2030.
Durable Goods Merchant Wholesalers Global Market Report 2020-30: Covid 19 Impact and Recovery is one of a series of new reports from The Business Research Company that provide Durable Goods Merchant Wholesalers market overviews, analyze and forecast market size and growth for the whole market, Durable Goods Merchant Wholesalers market segments and geographies, Durable Goods Merchant Wholesalers market trends, Durable Goods Merchant Wholesalers market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The durable goods merchant wholesalers market consists of sales of capital or durable goods to other businesses by durable goods merchant wholesalers. These entities (organizations, sole traders and partnerships) generally take title to the goods that they sell; in other words, they buy and sell goods on and generally take title to the goods that they sell; in other words, they buy and sell goods on their own account. Durable goods are new or used items generally with a normal life expectancy of three years or more. They include items such as motor vehicles, furniture, construction materials, machinery and equipment (including household-type appliances), metals and minerals (except petroleum), sporting goods, toys and hobby goods, recyclable materials, and parts.
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The global durable goods merchant wholesalers market is expected to decline from $29083.9 billion in 2019 to $28963.8 billion in 2020 at a compound annual growth rate (CAGR) of -0.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $33900.3 billion in 2023.
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