Industry Analysis & Industry Trends
Revenue for the Laboratory Supply Wholesaling industry closely follows the performance of scientific and technical service industries. While demand from such industries rose strongly over the five years to 2017, growth has slowed to a moderate pace. The growing prevalence of wholesale bypass, a trend where businesses purchase directly from manufacturers, has negatively impacted industry wholesalers that distribute school supplies and other niche products. However, wholesale bypass has not significantly affected larger industry players thanks to their vertical integration. Industry companies are actively consolidating, acquiring smaller players with innovative products to expand their customer base and reduce competition... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Laboratory Supply Wholesaling industry is currently in the mature stage of its life cycle. Over the 10 years to 2022, industry value added, which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 1.4%, which is slightly below annualized GDP growth of 1.8%. While IVA is growing slightly slower than the economy as a whole, this is primarily due to consolidation and the growing use of technology, which both reduce the need for labour. While many of the industry's products are constantly experiencing innovation, this industry distributes these updated products to well-established downstream markets. Therefore, this industry is in the mature stage of its economic life cycle.
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