Industrial distributor revenues up 19.1%
Revenues for industrial distributors increased 19.1% to $353.3 billion in 2011, according to a new study on wholesale distribution activity.
Revenues of industrial distributors continued to rebound in 2011, due in part to the strength of exporting activity by the U.S. manufacturing industry. Revenue is expected to grow 10.1% in 2012 as manufacturing remains steady, according to the newly released 2012 Wholesale Distribution Economic Report (www.mdm.com/2012-industrial-sector-report), published by Modern Distribution Management. This sector represented 7.6% of total wholesale distribution industry revenues in 2011.
Total revenues of wholesale distributors grew by 13.2% to $4.7 trillion in 2011, continuing to regain market share after the debilitating recession. The wholesale distribution industry is forecast to grow by 6.8% in 2012.
The 2012 Wholesale Distribution Economic Reports – the seventh edition of this annual economic data reference guide – include industry statistics, trend analysis, benchmarking data and forecasts for 19 sectors in the distribution industry.
“The wholesale distribution industry continued to grow faster than the overall U.S. economy in 2011,” said Tom Gale, president of Industrial Market Information and publisher of Modern Distribution Management, which published the reports. “Aggregate revenues of wholesaler-distributors increased by 9.3 percentage points more than nominal U.S. Gross Domestic Product, reflecting rebounding sales of a smaller base following the recession.”
The fastest rate of growth in 2011 for wholesale distribution was in Oil and Gas Products, due to increased investment in shale formations; when accounting for inflation, real revenues in this sector actually decreased however. Industrial distributors saw the largest real rate of growth, with sales up 15.3% in 2011. MDM forecasts all wholesale distribution sectors will grow in 2012.
Total wholesale distributors sector revenues in 2010 were up 12.8 percent from 2009.
Visit http://www.mdm.com/wder to view all available distribution sector reports.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
