Industry Analysis

Projected Post-Covid Market Size, Growth Rate, Estimated Number of Employees, and the Number of Companies/Businesses: Wholesale

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Market Size and Market Growth Rate

  • According to Businesswire, “the global wholesale market is expected to decline from $48761.6 billion in 2019 to $48477.8 billion in 2020 at a compound annual growth rate (CAGR) of -0.6%.”
  • The global wholesale market is expected to recover and “grow at a CAGR of 6% from 2021 and reach $56797.7 billion in 2023.”
  • The projected market size for the global retail industry in 2022 is $54.469 trillion ($48477.8 x (6/100 +1) ^2).
  • According to IBIS World, the United States wholesale trade is estimated to be valued at $8.36 trillion in 2019. The US market is estimated to decline by a CAGR of 8.1% in 2020 to $7.7 trillion.

Number of employees

  • According to the US Bureau of Labor Statistics, the number of employees in the wholesale trade industry was 5.623 million in September 2020.
  • An exhaustive search through industry publications, market reports, media articles, regulatory websites, and statistical databases could not find employment projections that include impacts of the COVID-19 pandemic.
  • The US Bureau of Labor Statistics projects the number of employees in the US wholesale trade industry to reach 5.8 million by 2029 at a CAGR of -0.2%.
  • Using the CAGR of –0.2% the number of employees in the US wholesale industry is anticipated to reach 5.6 million by 2022. The projected number was calculated using a reverse CAGR calculator. The starting value is 5.623 million (2020), and the number of periods is 2 (years).

Companies/Businesses

  • According to IBIS World, the number of wholesale trade businesses in the United States in 2020 is 679,261. The number of businesses is expected to decline by 2.9% in 2020.
  • Assuming that the number of wholesale trade businesses in the United States will continue growing at a CAGR of –1.3% between 2020 and 2022, the number of wholesale trade businesses is anticipated to reach 661,715 by 2022. This projected number was calculated using a reverse CAGR calculator. The starting value is 679,261 (2020), and the number of periods is 2 (years).
GLENN TREVOR
Glenn is the Lead Operations Research Analyst at Simple Manifestation with experience in research, statistical data analysis and interview techniques. A holder of degree in Economics. A true specialist in quantitative and qualitative research.

Projected Post-Covid Market Size, Growth Rate, Estimated Number of Employees, and the Number of Companies/Businesses: Retail

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