GITNUX MARKETDATA REPORT 2024

Industrial Distribution Industry Statistics

The industrial distribution industry encompasses the wholesale distribution of industrial products across various sectors, serving as a critical link in the supply chain.

With sources from: fortunebusinessinsights.com, csimarket.com, fortunebusinessinsights.com, mdm.com and many more

Statistic 1

Industrial Distribution Industry has an annual growth rate of 1% from 2015 to 2020.

Statistic 2

Revenues of the Industrial Distribution Industry are expected to reach $159 billion by 2022.

Statistic 3

It is expected that by 2024, the industrial distribution market will reach $185.17 billion.

Statistic 4

Electrical and electronic goods account for 28% of total industry sales.

Statistic 5

Industrial Distribution Industry net profit margin stood at 4.1% in 2018.

Statistic 6

China is predicted to be the fastest growing market for industrial distribution.

Statistic 7

The Industrial Distribution Industry can be subdivided into multiple segments including MRO (maintenance, repair, and operating supply) and OEM (original equipment manufacturer) products.

Statistic 8

About 17% of industrial distributors have online sales accounting for more than 10% of their total.

Statistic 9

The industrial distribution industry invested an estimated $2.9 billion in digital infrastructure in 2019.

Statistic 10

Eight out of ten Industrial distributors face a significant challenge from direct-to-customer sales by manufacturers.

Statistic 11

There is a projected increase of 6.9% in the rise of AI in the industrial distribution sector by 2025.

Statistic 12

As of 2019, 50.5% of distributors are using customer relationship management (CRM) software.

Statistic 13

Amazon Business is the number one industrial distribution site with $15 billion in sales as of 2018.

Statistic 14

In 2019, the Industrial Distribution Industry in the U.S. saw a net margin of 4.1%.

Statistic 15

Industrial Distribution Industry is projected to grow at a CAGR of 3.2% from 2021 to 2026.

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In this post, we explore the latest statistical insights into the Industrial Distribution Industry, shedding light on its growth trajectory, revenue projections, market segmentation, technological investments, and upcoming challenges. From annual growth rates to the rise of AI and the influence of online sales, these statistics provide a comprehensive overview of the industry landscape.

Statistic 1

"Industrial Distribution Industry has an annual growth rate of 1% from 2015 to 2020."

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Statistic 2

"Revenues of the Industrial Distribution Industry are expected to reach $159 billion by 2022."

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Statistic 3

"It is expected that by 2024, the industrial distribution market will reach $185.17 billion."

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Statistic 4

"Electrical and electronic goods account for 28% of total industry sales."

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Statistic 5

"Industrial Distribution Industry net profit margin stood at 4.1% in 2018."

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Statistic 6

"China is predicted to be the fastest growing market for industrial distribution."

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Statistic 7

"The Industrial Distribution Industry can be subdivided into multiple segments including MRO (maintenance, repair, and operating supply) and OEM (original equipment manufacturer) products."

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Statistic 8

"About 17% of industrial distributors have online sales accounting for more than 10% of their total."

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Statistic 9

"The industrial distribution industry invested an estimated $2.9 billion in digital infrastructure in 2019."

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Statistic 10

"Eight out of ten Industrial distributors face a significant challenge from direct-to-customer sales by manufacturers."

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Statistic 11

"There is a projected increase of 6.9% in the rise of AI in the industrial distribution sector by 2025."

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Statistic 12

"As of 2019, 50.5% of distributors are using customer relationship management (CRM) software."

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Statistic 13

"Amazon Business is the number one industrial distribution site with $15 billion in sales as of 2018."

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Statistic 14

"In 2019, the Industrial Distribution Industry in the U.S. saw a net margin of 4.1%."

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Statistic 15

"Industrial Distribution Industry is projected to grow at a CAGR of 3.2% from 2021 to 2026."

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Interpretation

The Industrial Distribution Industry has shown steady growth over the past few years, with an annual growth rate of 1% from 2015 to 2020. Revenues are projected to continue rising, reaching $159 billion by 2022 and an estimated $185.17 billion by 2024. Significant investments in digital infrastructure and the increasing adoption of technologies like AI and CRM software suggest industry players are adapting to changing market dynamics. However, challenges such as direct-to-customer sales and the dominance of platforms like Amazon Business highlight the need for continued innovation and strategic adaptation to remain competitive in a rapidly evolving landscape.

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