A good national economy leads to higher spending, and the U.S. is currently experiencing a steady wave of both. In fact, the average American household spends over 90% of its accumulative income. That may be sad news for the average American’s savings account, but it’s great news for durable goods wholesalers and distributors.
There are countless types of goods and services that appeal to the public. Durable goods are often considered to be higher quality goods or luxury items that have a lifespan of more than three years. According to one major study, the average woman only wears an item of clothing seven times before storing it away or repurposing it. A washing machine, however, is a durable good. And since over two-thirds of American households have a stable income, more Americans are focusing on durable items that will stand the test of time.
Good wholesale distributor opportunities such as finding the perfect wholesale business for sale, a distribution business for sale, or a durable goods distribution company for sale can help ensure your road to success is paved in gold for years to come.
The U.S. Wholesale, Trade, and Durable Goods Industry is incredibly vast, featuring multiple subdivisions that involve durable goods wholesalers and distributors. There are almost 760,000 businesses, an annual revenue surpassing $8.25 billion, and an expected growth rate through 2023 at just over a steady 1% annually. Wholesale business for sale or a durable goods distribution company that’s for sale may focus on items such as:
- Aircraft and other transportation equipment
- Auto parts and automobile sales
- Cameras and Computers
- Copiers and office equipment
- Construction and mining equipment
- Furniture wholesaling
- Glasses and contacts
- Heating and air conditioning
- Home furnishings
- Jewelry and watches
- Laboratory supplies
Total durable goods sales have climbed steadily since 2009. According to analysts, that growth is continued to continue well past 2020. It’s easy to see why pursuing wholesale distributor opportunities such as a distribution business for sale can help provide a lifetime of substantial and stable success.