The global Business-to-Business E-Commerce market size is expected to be worth around US$ 20.8 trillion by 2028, according to a new report by Vision Research Reports.
The global Business-to-Business E-Commerce market size was valued at US$ 5.6 trillion in 2020 and is anticipated to grow at a CAGR of 17.6% during forecast period 2021 to 2028.
Growth Factors
the customers has changed a lot amid lock down in countries such as U.S., Germany, Italy, Spain, India, China, and Russia. Online shopping is preferred during this phase due to constraints on publicgathering. Due to social distancing, millions are turning toward the internet since social interactions are moving online and business-to-business (B2B) communications are taking place digitally. According to e-commerce industry experts, this has positively impacted the industry and several companies have witnessed a tremendous increase in demand for products.
B2B portals play a pivotal role, helping SMEs and large-scale enterprises reach remote areas, and becoming a way of doing business worldwide. These portals facilitate in establishing new trading relationships between companies in addition to supporting existing relationships. Moreover, B2B eCommerce platforms enable businesses to lower down their marketing expenses, better management of the suppliers and customers, and boosts sales engagement.
Additionally, rising proliferation of smartphones and increasing internet penetration is further creating avenues for market growth. Owing to the ease of doing business and enabling companies to track their inventory, view orders and payments on mobile phones has resulted in increased adoption of B2B eCommerce platforms. Furthermore, with increasing competition, several businesses are opting for online business models to gain a competitive edge in the market.
Report Highlights
the intermediary-oriented segment dominated the business-to-business e-commerce market with a share of 58.5% in 2019. The intermediary oriented model consists of platform that allows buyers and sellers to communicate and conduct business with each other. Thus, intermediary platforms earn profit through successful transactions that are done by buyers and suppliers. Some key companies carrying out their businesses through intermediary oriented platform include Alibaba.com; Amazon.com, Inc.; and eBay Inc.
the home and kitchen segment dominated the market with a share of 20.8% in 2019, attributed to increasing demand of this product among end-users which has eventually resulted in growing demand for these products among suppliers/ buyers. Based on application, the market has been classified into home and kitchen application, consumer electronics, industrial and science, healthcare, clothing, beauty, and personal care, sports apparel, books and stationery, automotive, and others.
consumer electronics segment is projected to witness substantial CAGR of over 16.6% during the forecast period. As B2B eCommerce platform opens several avenues for the sale of electronic products as suppliers and buyers can compare an extensive portfolio of products, avail discounts, and apply for easy returns. Similarly, the clothing segment is also anticipated to witness significant growth.
Asia Pacific dominated the market with a share of 66.5% in 2019. The growth is accredited to the increasing number of business to business e-commerce companies in the region. Moreover, growth of online suppliers and buyers throughout the region is due to the spread of internet connectivity owing to the rising adoption of smartphones., According to GSMA, it is estimated that the number of smartphone devices in Asia Pacific is expected to reach 3,900 billion by 2025.
North America is expected to witness substantial CAGR of over 16.01% from 2020 to 2027. This growth is attributed to the presence of major players such as Amazon.com, Inc.; eBay Inc.; and Walmart. These companies are integrating various advanced features such as chatbots, same-day delivery, in their online platforms. Moreover, the B2B e-commerce market is expected to witness rise in demand over the forecast period, attributed to the proliferation of cloud services and successful B2C experiences that are driving demand for B2B e-commerce.
Key Players
Amazon.com, Inc.
eBay Inc.
Flipkart.com
IndiaMART InterMESH Ltd.
Market Segmentation
Deployment Type Outlook
Supplier-oriented
Buyer-oriented
Intermediary-oriented
Application Outlook
Home & Kitchen
Consumer Electronics
Industrial & Science
Healthcare
Clothing
Beauty & Personal Care
Sports Apparels
Books & Stationary
Automotive
Others
Regional Outlook
North America
The U.S.
Canada
Europe
The U.K.
Germany
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
The Business-to-Business E-Commerce market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Business-to-Business E-Commerce market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Business-to-Business E-Commerce market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Business-to-Business E-Commerce market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Business-to-Business E-Commerce market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Business-to-Business E-Commerce capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Business-to-Business E-Commerce by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Business-to-Business E-Commerce market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Business-to-Business E-Commerce market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Business-to-Business E-Commerce market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Business-to-Business E-Commerce industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Business-to-Business E-Commerce market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Business-to-Business E-Commerce market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Business-to-Business E-Commerce market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Business-to-Business E-Commerce market. These factors have benefited the growth of the global market for Business-to-Business E-Commerce. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Business-to-Business E-Commerce. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Business-to-Business E-Commerce are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers