B2B E-commerce Market Demand, Business Challenges, Opportunities, Trends, Key Players, Recent Developments and Forecast 2022 to 2027 – Muleskinner

UNITED STATES – The global B2B e-commerce market held a market value of USD 8,523.3 billion in 2021 and is expected to reach USD 18,771.4 billion by 2027. The market is expected to grow at a CAGR of 14.1% from 2022 to 2027.

B2B e-commerce or business-to-business e-commerce is the exchange of services, products, and information between businesses. B2B e-commerce is done between 2 businesses, such as online retailers and wholesalers. The market is expected to be driven by the growing popularity of the specialized B2B online marketplace. Additionally, the emphasis on digital experiences and the migration of retail businesses to online operations are also expected to fuel the growth of the market.

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Despite the driving factors, supply chain disruptions have a direct impact on B2B sales. Additionally, the lack of a standard solution as well as the impact of political instability on B2B commerce is also expected to hamper the growth of the market. During the COVID-19 pandemic, the market witnessed positive growth as companies encouraged their online business activities to minimize physical contact.

Growth Influencers:
Growing Popularity of the Specialized B2B Online Marketplace
Specialty markets are vertical markets, which focus on small but specific and well-defined population segments. These specialized marketplaces can be created in B2B in different verticals, such as metal, MRO, medical supplies, chemicals and construction materials, among others. These online marketplaces specializing in the B2B e-commerce industry are on the rise, which is driving the growth of the market.
Presentation of the segments:

The global B2B e-commerce market is segmented into type, payment method, and company size.
By type,
cleaning supplies
Welcome product
Industrial & MRO
Computer products
Office supplies
Pantry products
Others
IT products are expected to account for the largest market share of around 26% owing to the growing adoption of B2B e-commerce in the IT industry. The pantry products segment is expected to experience the fastest growth rate of over 16%.
By payment method,
Credit card
Net bank
Mobile wallet apps
Others
The net banking segment is estimated to hold the largest market share as it is used more over other payment methods for business-to-business transactions. The mobile wallet application segment is expected to grow at the fastest rate and is also expected to exceed a market size of USD 2 trillion by 2026 owing to the growing demand for digital payments.

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By business size,
Small and medium enterprises
Large companies
The small and medium business segment is expected to hold the largest market share owing to the growing demand for B2B e-commerce websites by these businesses. The large enterprise segment market size was around 25% of the small and medium enterprise segment in 2021 and this share reached 30% in 2027.
Regional overview

By region, the global B2B e-commerce market is divided into Asia-Pacific, Europe, North America, Middle East & Africa and South America.

The Asia-Pacific region accounted for the largest market share and also witnessed the fastest growth rate owing to the growing number of B2B companies adopting e-commerce platforms for growth in the region.

The South America region is expected to hold a market size of approximately USD 700 billion by 2027. Similar growth is also expected to be witnessed in North America and Europe owing to the increasing adoption of technologically advanced products in the region .

Competitive landscape

Major players in the global B2B e-commerce market include Alibaba, Amazon, Inc., ChinaAseanTrade, DIYTrade, eBay Inc., EC21, eworldtrade, Flipkart, Global Source, IndiaMART, InterMESH Ltd., KellySearch, KOMPASS, Thomasnet and others prominent players. The combined market share of the five main players is close to around 58%.
These market players are engaged in mergers and acquisitions, collaborations, and new product launches, among other initiatives, to strengthen their presence in the market. For example, in October 2021, Amazon launched a set of new tools to help third-party sellers in America offer their products to 21 Amazon stores around the world.

The Global B2B E-Commerce Market report provides pointers insights below:

Market Penetration: Provides comprehensive market insights offered by major players
Market Development: The report offers detailed information on lucrative emerging markets and analyzes penetration in mature segments of the markets.
Market Diversification: Provides detailed information on untapped geographies, recent developments and investments
Competitive Landscape Assessment: Mergers and acquisitions, certifications, product launches in the global B2B e-commerce market have been provided in this research report. In addition, the report also emphasizes on the SWOT analysis of key players.
Product Development and Innovation: The report provides smart insights into future technologies, R&D activities and breakthrough product developments

The global B2B e-commerce market report answers questions like:

What is the market size and forecast of the global B2B e-commerce market?
What are the inhibiting factors and impact of COVID-19 on the Global B2B E-commerce Market during the assessment period?
What are the products/segments/applications/areas to invest in during the assessment period in the Global B2B E-Commerce Market?
What is the competitive strategic window for opportunities in the Global B2B E-commerce Market?
What are the technology trends and regulatory frameworks in the global B2B e-commerce market?
What is the market share of the major players in the global B2B e-commerce market?
What modes and strategic moves are considered favorable for entering the global B2B e-commerce market?

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