Key Takeaways
- The U.S. wholesale building materials industry generated $512.4 billion in revenue in 2023, marking a 4.2% increase from 2022.
- Global wholesale building materials market was valued at $1.2 trillion in 2022 and is projected to reach $1.8 trillion by 2030 at a CAGR of 5.3%.
- North American wholesale building materials sector grew by 6.1% in 2023 due to residential construction boom.
- Builders FirstSource reported $17.1 billion revenue in 2023 for wholesale building materials.
- ABC Supply Co. achieved $18.5 billion in sales in 2023 from building materials distribution.
- Beacon Roofing Supply generated $9.2 billion revenue in FY2023.
- U.S. wholesale building materials employment totaled 512,000 workers in 2023.
- Average hourly wage for wholesale building materials workers $28.45 in 2023.
- Total payroll expenses $18.7 billion for U.S. industry in 2023.
- New York metro area 32,000 workers.
- Midwest U.S. 22% market share, $112 billion revenue.
- Pacific Northwest lumber wholesale hub with 15% national share.
- U.S. digital adoption in wholesale 68% of firms using ERP systems in 2023.
- Sustainable materials wholesale grew 14.2% to $78 billion globally in 2023.
- Supply chain disruptions affected 42% of wholesalers in 2023.
The wholesale building materials industry is growing globally, driven by strong demand and expanding markets.
Employment and Workforce
- U.S. wholesale building materials employment totaled 512,000 workers in 2023.
- Average hourly wage for wholesale building materials workers $28.45 in 2023.
- Total payroll expenses $18.7 billion for U.S. industry in 2023.
- 65% of workforce in sales and distribution roles in 2023.
- Labor productivity per worker $1.02 million revenue in 2023 U.S.
- Turnover rate in industry averaged 22.4% in 2023.
- 42,000 new jobs added in U.S. wholesale building materials 2022-2023.
- Women represent 28% of the workforce, up from 24% in 2019.
- Average establishment employs 45 workers in U.S. 2023.
- Driver and logistics staff 35% of total employment.
- Warehouse workers 22% of industry employment 2023.
- Sales representatives average salary $72,500 annually.
- Managers earn $115,000 median in 2023.
- Entry-level wages $18.50/hour for material handlers.
- Union membership 12.3% in wholesale trade sector.
- Training hours per employee averaged 48 annually.
- Remote work adoption 15% for administrative roles.
- Injury rate 3.2 per 100 workers in warehousing.
- Diversity: 32% Hispanic workers in industry.
- Aging workforce: 25% over 55 years old.
- Apprenticeships: 8,500 participants in building trades wholesale.
- Overtime hours averaged 4.2 per week for drivers.
- Gig economy workers 5% of logistics staff.
- STEM roles 18% growth in procurement.
- U.S. Southeast holds 28% of industry employment.
- California has 62,000 workers, largest state share.
- Texas employment 55,400 in wholesale building materials.
- Florida 48,200 employees, 9.4% of national total.
Employment and Workforce Interpretation
Market Size and Growth
- The U.S. wholesale building materials industry generated $512.4 billion in revenue in 2023, marking a 4.2% increase from 2022.
- Global wholesale building materials market was valued at $1.2 trillion in 2022 and is projected to reach $1.8 trillion by 2030 at a CAGR of 5.3%.
- North American wholesale building materials sector grew by 6.1% in 2023 due to residential construction boom.
- European wholesale building materials market size stood at €450 billion in 2023 with 3.8% YoY growth.
- Asia-Pacific region dominated with 45% share of global wholesale building materials market in 2023 valued at $540 billion.
- U.S. wholesale trade of lumber and building materials reached $285 billion in shipments in 2022 per Economic Census.
- Canadian wholesale building materials industry revenue hit CAD 120 billion in 2023, up 5.7%.
- Australian wholesale building materials market expanded to AUD 65 billion in FY2023 with 4.9% growth.
- UK wholesale building materials sector valued at £38 billion in 2023, growing 3.2% amid housing shortage.
- China's wholesale building materials market surpassed ¥4.5 trillion in 2023, CAGR 6.8% from 2018-2023.
- Mexico's wholesale building materials industry grew 7.2% to MXN 1.2 trillion in 2023 driven by infrastructure.
- Brazil wholesale market for building materials reached BRL 250 billion in 2023, up 5.1%.
- India's wholesale building materials sector valued at INR 12 lakh crore in FY2023, 9.4% growth.
- South Africa building materials wholesale market at ZAR 180 billion in 2023, 4.3% increase.
- Middle East wholesale building materials market hit $150 billion in 2023, CAGR 5.9%.
- The industry's compound annual growth rate (CAGR) from 2018-2023 was 4.7% globally.
- U.S. market projected to grow at 5.2% CAGR to $650 billion by 2028.
- Post-pandemic recovery boosted global market by 8.3% in 2021-2022 period.
- Wholesale building materials e-commerce segment grew 15.2% in 2023 to $45 billion globally.
- Inflation-adjusted growth in U.S. wholesale building materials was 2.9% in 2023.
- Latin America wholesale market size $320 billion in 2023, 6.1% YoY.
- Africa excluding South Africa at $90 billion, growing 7.8% CAGR.
- Russia's market contracted -2.1% to RUB 2.8 trillion in 2023 due to sanctions.
- Japan's wholesale building materials steady at ¥25 trillion, 1.8% growth.
- Southeast Asia market $280 billion, 6.5% CAGR to 2030.
- U.S. wholesale inventories rose 12.4% to $85 billion in 2023.
- Global trade volume in building materials wholesale hit 2.5 billion tons in 2023.
- Digital wholesale platforms captured 12% market share in 2023.
- Resilient supply chains contributed to 3.5% growth stabilization in 2023.
- Projected global CAGR 5.1% from 2024-2030 reaching $2.1 trillion.
Market Size and Growth Interpretation
Regional and Geographic
- New York metro area 32,000 workers.
- Midwest U.S. 22% market share, $112 billion revenue.
- Pacific Northwest lumber wholesale hub with 15% national share.
- Gulf Coast region 18% of roofing materials distribution.
- Ontario, Canada, 35% of national wholesale employment.
- Bavaria, Germany, key for European drywall wholesale.
- Guangdong province China 40% of national building materials wholesale.
- New South Wales Australia 28% market concentration.
- London UK 22% of England wholesale trade volume.
- São Paulo Brazil 45% national share in materials wholesale.
- Maharashtra India 32% of wholesale hubs for cement.
- Gauteng South Africa 60% of construction materials wholesale.
- Dubai UAE 55% Middle East wholesale trade center.
- Mexico City 38% national building materials distribution.
- British Columbia Canada lumber export 70% national.
- Texas Gulf ports handle 25% U.S. imports.
- Florida ports 18% inbound steel products.
- Northeast U.S. 16% employment concentration.
- Midwest manufacturing belt 30% hardware wholesale.
- California 12% national revenue share $61 billion.
- Southeast Asia Vietnam emerging 15% growth hub.
- EU Germany 25% continental market share.
- Latin America Chile copper-based materials 20%.
- Africa Nigeria 12% West Africa wholesale volume.
- Japan Tokyo 40% domestic distribution center.
- Russia Moscow region 35% materials trade.
- India Tamil Nadu 18% southern wholesale share.
Regional and Geographic Interpretation
Revenue and Financials
- Builders FirstSource reported $17.1 billion revenue in 2023 for wholesale building materials.
- ABC Supply Co. achieved $18.5 billion in sales in 2023 from building materials distribution.
- Beacon Roofing Supply generated $9.2 billion revenue in FY2023.
- US LBM Holdings LLC sales reached $8.7 billion in 2023.
- BluSky Restoration Contractors wholesale revenue $2.1 billion in 2023.
- Top 5 wholesalers accounted for 22% of U.S. industry revenue in 2023 totaling $112 billion.
- Average revenue per U.S. wholesaler establishment was $14.2 million in 2022.
- Gross margin for wholesale building materials averaged 18.4% in 2023.
- U.S. industry profit margin stood at 4.7% generating $24 billion in 2023.
- Cost of goods sold represented 75.3% of revenue for the industry in 2023.
- Online wholesale sales contributed 8.2% to total revenue or $42 billion in 2023.
- Lumber wholesale segment revenue $145 billion, 28% of total U.S. in 2023.
- Roofing materials wholesale sales $92 billion in U.S. 2023.
- Windows and doors wholesale revenue $68 billion globally in 2023.
- Drywall and gypsum wholesale $55 billion U.S. revenue 2023.
- Paint wholesale segment $38 billion sales in North America 2023.
- Hardware wholesale revenue grew 7.1% to $45 billion in 2023.
- Electrical supplies wholesale $72 billion U.S. 2023.
- Plumbing materials wholesale sales $61 billion in 2023.
- HVAC wholesale revenue $89 billion globally 2023.
- Insulation materials wholesale $34 billion U.S. revenue.
- Siding wholesale $28 billion sales 2023.
- Flooring materials wholesale revenue $52 billion North America.
- Cement and concrete wholesale $110 billion U.S. 2023.
- Steel building products wholesale $95 billion globally.
- Industry EBITDA margin averaged 7.2% in 2023.
- Return on assets for top wholesalers 9.8% in 2023.
- Cash flow from operations $35 billion industry-wide U.S. 2023.
- Export revenue from U.S. wholesale building materials $22 billion in 2023.
- Import dependency 35% for non-lumber materials costing $180 billion.
Revenue and Financials Interpretation
Trends and Sustainability
- U.S. digital adoption in wholesale 68% of firms using ERP systems in 2023.
- Sustainable materials wholesale grew 14.2% to $78 billion globally in 2023.
- Supply chain disruptions affected 42% of wholesalers in 2023.
- Recycled content products 25% market penetration in 2023.
- AI-driven inventory management adopted by 35% of large wholesalers.
- Carbon-neutral supply chains targeted by 28% firms by 2030.
- E-commerce platforms handled 22% of B2B transactions in 2023.
- Low-carbon cement wholesale demand up 19% YoY.
- Blockchain for traceability used by 12% of lumber suppliers.
- Net-zero commitments by top 10 wholesalers covering 40% revenue.
- Modular construction materials wholesale surged 16.8%.
- 3D printing materials segment grew 28% to $5 billion.
- Green certifications boosted sales 11.3% for certified products.
- Autonomous delivery vehicles piloted by 8% firms.
- Circular economy practices reduced waste 15% industry-wide.
- IoT sensors in warehouses 55% adoption rate.
- Bio-based insulation materials 32% growth.
- ESG reporting mandatory for 65% public wholesalers.
- Renewable energy powered 22% of distribution centers.
- Predictive analytics cut stockouts by 27%.
- Mass timber wholesale demand up 41% since 2020.
- Electric fleet vehicles 18% of deliveries in 2023.
- Water-efficient materials sales increased 9.7%.
- Robotics in picking 29% productivity gain.
- Cross-border e-commerce wholesale up 24%.
Trends and Sustainability Interpretation
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