At-Home Testing Market: COVID-19 Trends and Future Potential
This report covers trends that have occurred since the pandemic was declared in 2020 to the recent present.
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Major companies in the wholesale market include McKesson Corporation; AmerisourceBergen Corporation; Cardinal Health Inc; C&S Wholesale Grocers Inc and Arrow Electronics Inc.
The global wholesale market is expected to grow from $45025.1 billion in 2020 to $49371.76 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $64334.41 billion in 2025 at a CAGR of 7%.
The wholesale market consists of sales of goods and related services to ultimate users by entities (organizations, sole traders and partnerships) that sell wholesale merchandise including the outputs of agriculture, mining, manufacturing, and certain information industries, such as publishing. The wholesale trade comprises purchasing, storing and selling merchandise to retailers or to other wholesalers and providing related services such as breaking bulk. This industry includes wholesale agents and brokers who arrange the purchase or sale of the goods owned by others, on a fee or commission basis. The wholesale industry also includes business to business electronic markets and platforms and agents that facilitate wholesale trade that do not own or handle the products they sell. The wholesale market is segmented into non-durable goods merchant wholesalers; wholesale electronic markets and agents and brokers and durable goods merchant wholesalers.
Asia Pacific was the largest region in the global wholesale market, accounting for 51% of the market in 2020. North America was the second largest region accounting for 16% of the global wholesale market. Middle East was the smallest region in the global wholesale market.
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This report covers trends that have occurred since the pandemic was declared in 2020 to the recent present.
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