NORTH AMERICA B2B ECOMMERCE MARKET FORECAST 2022-2030

The North America B2B eCommerce market is estimated to grow with a 19.28% CAGR between the assessment years 2022 and 2030, and the market is set to be valued at $54877.56 million by 2030.

The B2B eCommerce market is expanding in North America owing to the rise in the population of digital buyers. The region is anticipated to record a healthy growth rate due to the presence of global giants like eBay Inc, Amazon.com Inc, etc. Besides, Governments in various countries in North America have implemented security laws to safeguard their citizen’s transactions as well as personal information. Further, prominent industry leaders operating in the North America B2B eCommerce market create scope for innovations through technological advancements and product developments.

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The North America B2B eCommerce market growth assessment entails the evaluation of United States and Canada. Strategic initiatives taken by the market players of the country, the opening of new business-to-business eCommerce websites and marketplaces, the presence of the majority of the key market players across the region, etc. are some of the major factors which are expected to contribute to the growth of the United States B2B eCommerce market during the forecast period.

Moreover, continuous launches of various B2B web applications are the major growth drivers of the United States B2B e-commerce market. Besides, B2B e-commerce leverage web applications, including monitoring sales, tracking leads & activities, etc., for various aspects of their businesses. However, owing to the rising number of incidences of cyberattacks in the United States, there is an increasing concern over privacy protection and data security breaches, which can negatively affect the market growth during the forecast period.

The North America B2B eCommerce market segmentation entails product type and payment mode. Market by product type covers industrial & science, consumer electronics, clothing, sports, beauty & personal care, construction, automotive, food and beverage, and other product types.

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.com 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 constitutes of auto parts & accessories, car & truck safety & security accessories, etc.

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