Office Equipment Wholesale

Over the five years to 2022, the Copier and Office Equipment Wholesaling industry has experienced declining product demand despite improving macroeconomic conditions. At the beginning of the period, the industry experienced slow growth amid moderate increases in the number of businesses and aggregate private investment.This growth drove companies to expand and increase hiring, which further fueled industry growth, sparking increased demand for office supplies and equipment to accommodate more workers and improve productivity.However, demand has continued to be siphoned away from wholesalers as more companies have turned to digital products for their office needs. In 2020, the COVID-19 (coronavirus) pandemic accelerated the industry's decline, driving revenue downward 6.2%. However, strong government support has helped the industry bounce back, with revenue forecast to rise 5.5% in 2022 alone. Overall, industry revenue is expected to rise moderately, increasing an annualized 1.2% to $45