NORTH AMERICA B2B ECOMMERCE MARKET FORECAST 2023-2032

The North America B2B eCommerce market growth assessment includes the evaluation of the United States and Canada. The growth of the B2B eCommerce market in the United States is being propelled by the process of digital transformation, shifts in buyer behavior, and the necessity for more efficient procurement processes. B2B eCommerce has a significant presence in various sectors within the United States, including manufacturing, wholesale trade, healthcare, technology, automotive, and construction, among others. Virtually every industry vertical has adopted B2B eCommerce practices to enhance operational efficiency, expand their customer reach, and elevate customer experiences. The range of industries that have embraced B2B eCommerce contributes considerably to the dynamic expansion of the market.

Over the recent years, a considerable number of B2B buyers have transitioned their corporate purchasing to online platforms. For example, as per industry reports, approximately 256 million individuals engaged in digital purchasing across the United States in 2020, and this figure is projected to rise to around 291.2 million online buyers by 2025. The most popular online shopping categories in the United States encompass fashion, electronics, and media. The anticipated increase in the population of digital buyers is poised to have a favorable impact on market growth.

The North America B2B eCommerce market segmentation includes industry and mode of payment. The industry segment includes food & beverage, building & construction, automotive & transportation, clothing, industrial & science, consumer electronics, sports, beauty & personal care, and other industries.

Consumer electronics wholesalers, distributors, manufacturers, and retailers are turning to business-to-business eCommerce platforms such as Amazon, eBay, Alibaba, and others for a trustworthy way to sell and source in bulk locally and globally. There has been an increase in the demand for consumer electronic products across the globe, such as wearables, mobile devices, digital cameras, laptops, smartphones, VR (virtual reality) & AR (augmented reality) devices, etc., that are expected to contribute toward the growth of North America B2B eCommerce market in consumer electronics during the forecast period. Therefore, the surging demand and adoption of consumer electronics are expected to create growth avenues for B2B eCommerce.

Furthermore, the increase in the number of cars has propelled the requirement for aftermarket parts, auto parts, etc., from specific brands. In addition, the digital transformation era has created huge opportunities for the automotive sector. Presently, B2B eCommerce is the way forward for automotive parts manufacturers, suppliers, and dealers.

There are various advantages of integrating B2B eCommerce solutions in the automotive sector, as it offers self-service features while providing the ability to order seamlessly at any time. Growth in the automotive industry is one of the major factors that is expected to contribute to the market growth during the forecast period.

Leading players in the North America B2B eCommerce market are Amazon Inc, eBay Inc, eWorldTrade, etc.

eBay Inc is an American multinational e-commerce company. It facilitates business-to-consumer and consumer-to-consumer sales through its website. The company was founded in 1995 and currently operates in over 32 countries. The company manages a shopping website, an online auction platform, and the eBay website, where people and businesses transact various goods and services globally. eBay is available in most regions, including North America, Europe, Asia, etc., and is headquartered in California, United States.

eBay’s automotive section entails auto parts & accessories, car & truck safety & security accessories, etc.