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ASIA-PACIFIC B2B ECOMMERCE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific B2B Ecommerce Market by Industry (Consumer Electronics, Industrial & Science, Automotive & Transportation, Beauty & Personal Care, Clothing, Sports, Food & Beverage, Building & Construction, Other Industries) Market by Mode of Payment (Digital/mobile/e-wallets, Credit & Debit Cards, Bank Transfer, Cash on Delivery, Other Modes of Payment) by Geography


MARKET OVERVIEW

The Asia-Pacific B2B eCommerce market growth is projected to propel with a 22.74% CAGR over the forecast period, 2023-2032, and is set to capture a revenue of $121591.40 billion by 2032.

The rapidly rising digital transformation across industries and increased digital buyers across Asia-Pacific are expected to positively impact the region’s market growth. Also, the widespread mobile usage propels the growth of mobile-first B2B platforms, catering to a mobile-savvy workforce.

Asia-Pacific B2b Ecommerce Market

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The Asia-Pacific B2B eCommerce market growth analysis includes the assessment of Vietnam, Thailand, South Korea, Japan, India, China, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific. The B2B eCommerce sector within China stands out as one of the world’s most expansive and dynamic markets. Capitalizing on its extensive market magnitude, technological innovations, and entrepreneurial drive, China has observed substantial progress within the realm of B2B eCommerce over recent times. The expanse of China’s B2B eCommerce is considerable, powered by its substantial populace and thriving business environment. Chinese B2B eCommerce platforms serve millions of buyers and suppliers, facilitating an extensive array of transactions. Eminent platforms like Alibaba’s Alibaba.com, JD.com’s JD Business, and Global Sources have gained prominence in the country. 

Due to its substantial population, swiftly expanding internet reach, and robust commercial environment, India presents a highly conducive landscape for the advancement of B2B eCommerce. The corporate entities in India are actively embracing technological solutions within the realm of B2B eCommerce. The presence of economical smartphones, enhanced digital infrastructure, and digital payment avenues have enabled enterprises to partake in online transactions.

Furthermore, conventional sectors in India, including manufacturing, wholesale, and logistics, are currently undergoing a digital transformation. Enterprises are adopting eCommerce platforms, incorporating digitalized supply chain solutions, and assimilating technologies to facilitate streamlined B2B transactions. Such factors propel the expansion of B2B eCommerce across diverse industries in the country.

The Asia-Pacific B2B eCommerce market segmentation includes industry and mode of payment. The mode of payment segment includes digital/mobile/e-wallets, credit & debit cards, bank transfer, cash on delivery, and other modes of payment.

Digital/mobile/e-wallets are electronic wallets used for transactions made online through a computer or a smartphone. An electronic wallet must be linked to an individual’s bank account to make payments. Digital/mobile/e-wallets have vaulted to the forefront of payment change by providing seamless convenience to customers. 

Besides, online shopping demands equal measures of security and convenience, and e-wallets deliver on both counts. Mobile applications integrate the payment act into daily routines and lifestyles, while preloaded credentials speed up online checkouts. Digital wallets do all of this safely with tokenization, encryption, and device authentication, offering extra layers of security. Hence, digital/mobile/e-wallets offer lucrative growth opportunities during the forecast period.

Cash on delivery pertains to the vending of products through mail-order, wherein payment occurs upon delivery rather than beforehand. This method presents several benefits for both the buyer and the seller. It eliminates the necessity for the purchaser to possess a credit card for buying purposes. Opting for cash on delivery helps uphold security, eradicating the need for the customer to disclose any financial particulars, such as credit card information, debit card specifics, or bank account numbers, to the vendor. Consequently, cash on delivery is favored by customers as their preferred payment mode.

Some of the top players operating in the Asia-Pacific B2B eCommerce market are Alibaba Group Holding Ltd, DIY Trade, Flipkart, IndiaMART InterMESH Ltd, etc.

Alibaba Group Holding Ltd is a China-based multinational company headquartered in the Zhejiang Province, specializing in retail, technology, and eCommerce. Founded in 1999, Alibaba Group Holding Ltd offers consumer-to-consumer (C2C), business-to-business (B2B), and business-to-consumer (B2C) sales services through shopping search engines, web portals, electronic payment services, and cloud computing services. Alibaba Group Holding Ltd is also involved in operating systems, the AliPay online payment system, mobile apps, and internet TV. The group is headquartered in Zhejiang Province, China.

Alibaba Group’s packaging & printing services entail glass packaging, metal packaging, paper packaging, pharmaceutical packaging, etc.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($Billion)
Segments Analyzed
Industry and Mode of Payment
Countries AnalyzedVietnam, Thailand, South Korea, Japan, India, China, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific
Companies AnalyzedAlibaba Group Holding Ltd, Amazon Inc, China-Asean Trade, DIYTrade, eBay Inc, EC21, eWorldTrade, Flexfire LEDs, Flipkart, Global Sources, IndiaMART InterMESH Ltd, Kompass, MSC Industrial Direct, Quill Lincolnshire Inc, Thomasnet

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON B2B ECOMMERCE MARKET
    5. MAJOR MARKET FINDINGS
      1. ENABLING SEAMLESS BUSINESS EVOLUTION THROUGH ONLINE PLATFORMS
      2. EMPOWERING 24/7 GLOBAL INTERACTIONS AND TRANSACTIONS
      3. OPTIMIZING OPERATIONS AND REDUCING OVERHEADS THROUGH E-COMMERCE
      4. EXPANDING MARKET HORIZONS AND UNLOCKING INTERNATIONAL OPPORTUNITIES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. EXPANDING DIGITAL ORDERS
      2. TECHNOLOGICAL PROGRESS AND INNOVATIONS
      3. SEAMLESS USAGE AND ADOPTION OF DIVERSE PAYMENT METHODS
    2. KEY RESTRAINTS
      1. INCREASING EMPHASIS ON DATA PRIVACY AND SECURITY
      2. NEED FOR SUBSTANTIAL CAPITAL INVESTMENT
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY INDUSTRY
    1. CONSUMER ELECTRONICS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. INDUSTRIAL & SCIENCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. AUTOMOTIVE & TRANSPORTATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. BEAUTY & PERSONAL CARE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. CLOTHING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. SPORTS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. FOOD & BEVERAGE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    8. BUILDING & CONSTRUCTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    9. OTHER INDUSTRIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY MODE OF PAYMENT
    1. DIGITAL/MOBILE/E-WALLETS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. CREDIT & DEBIT CARDS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. BANK TRANSFER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CASH ON DELIVERY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER MODES OF PAYMENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC B2B ECOMMERCE MARKET DRIVERS
      3. ASIA-PACIFIC B2B ECOMMERCE MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC B2B ECOMMERCE MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. ALIBABA GROUP HOLDING LT
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. AMAZON INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. CHINAASEAN TRADE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. DIY TRADE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. EBAY INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. EC21
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. EWORLDTRADE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. FLEXFIRE LEDS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      9. FLIPKART
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      10. GLOBAL SOURCES
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      11. INDIAMART INTERMESH LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      12. KOMPASS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      13. MSC INDUSTRIAL DIRECT
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      14. QUILL LINCOLNSHIRE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      15. THOMASNET
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – B2B ECOMMERCE

TABLE 2: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY INDUSTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY INDUSTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 4: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY MODE OF PAYMENT, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY MODE OF PAYMENT, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 6: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 8: KEY PLAYERS OPERATING IN ASIA-PACIFIC B2B ECOMMERCE MARKET

TABLE 9: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 10: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET CONCENTRATION ANALYSIS

FIGURE 5: ASIA-PACIFIC B2B ECOMMERCE MARKET, GROWTH POTENTIAL, BY INDUSTRY, IN 2022

FIGURE 6: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY CONSUMER ELECTRONICS, 2023-2032 (IN $ BILLION)

FIGURE 7: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY INDUSTRIAL & SCIENCE, 2023-2032 (IN $ BILLION)

FIGURE 8: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2023-2032 (IN $ BILLION)

FIGURE 9: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY BEAUTY & PERSONAL CARE, 2023-2032 (IN $ BILLION)

FIGURE 10: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY CLOTHING, 2023-2032 (IN $ BILLION)

FIGURE 11: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY SPORTS, 2023-2032 (IN $ BILLION)

FIGURE 12: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY FOOD & BEVERAGE, 2023-2032 (IN $ BILLION)

FIGURE 13: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY BUILDING & CONSTRUCTION, 2023-2032 (IN $ BILLION)

FIGURE 14: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY OTHER INDUSTRIES, 2023-2032 (IN $ BILLION)

FIGURE 15: ASIA-PACIFIC B2B ECOMMERCE MARKET, GROWTH POTENTIAL, BY MODE OF PAYMENT, IN 2022

FIGURE 16: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY DIGITAL/MOBILE/E-WALLETS, 2023-2032 (IN $ BILLION)

FIGURE 17: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY CREDIT & DEBIT CARDS, 2023-2032 (IN $ BILLION)

FIGURE 18: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY BANK TRANSFER, 2023-2032 (IN $ BILLION)

FIGURE 19: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY CASH ON DELIVERY, 2023-2032 (IN $ BILLION)

FIGURE 20: ASIA-PACIFIC B2B ECOMMERCE MARKET, BY OTHER MODES OF PAYMENT, 2023-2032 (IN $ BILLION)

FIGURE 21: ASIA-PACIFIC B2B ECOMMERCE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 22: CHINA B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 23: JAPAN B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 24: INDIA B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 25: SOUTH KOREA B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 26: INDONESIA B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 27: THAILAND B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 28: VIETNAM B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 29: AUSTRALIA & NEW ZEALAND B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

FIGURE 30: REST OF ASIA-PACIFIC B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)

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