consumer group composed of companies or organizations that purchase goods and services for use in the production of other goods and services that are sold, rented, or supplied to others. For example, the clothing manufacturing industry purchases fabric that is used in the production of dresses and other apparel. Fabric manufacturers are also members of the industrial market because they purchase other raw materials for use in the production of the fabric. The industrial market is the largest and most diverse organizational market, consisting of more than 13 million organizations that buy more than $3 trillion worth of products each year. Some of the major industries represented in the industrial market are construction, agriculture, mining, manufacturing, communication, public utilities, transportation, and finance.
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technologies and industry trends, AllBusiness.com empowers professionals with the knowledge they need to succeed.