NORTH AMERICA B2B ECOMMERCE MARKET FORECAST 2023-2032
SCOPE OF THE REPORT
North America 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
REPORTS » INFORMATION TECHNOLOGY » E-COMMERCE » NORTH AMERICA B2B ECOMMERCE MARKET FORECAST 2023-2032
MARKET OVERVIEW
The North America B2B eCommerce market is estimated to grow with a CAGR of 22.15% during the forecast period, 2023-2032, and the market is set to be valued at $23267.50 billion by 2032.
North America is a global leader in innovative digital solutions. As a result, the cutting-edge tools and platforms supplement the B2B eCommerce market growth in North America. In addition, mature logistics and supply chain networks improve B2B trading efficiency.
However, the North America B2B eCommerce market growth is hampered by rising cybersecurity risks.
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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.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2023-2032 |
Base Year | 2022 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($Billion) |
Segments Analyzed | Industry and Mode of Payment |
Countries Analyzed | The United States and Canada |
Companies Analyzed | Alibaba Group Holding Ltd, Amazon Inc, eBay Inc, EC21, eWorldTrade, Flexfire LEDs, Global Sources, MSC Industrial Direct, Quill Lincolnshire Inc, Thomasnet |
TABLE OF CONTENT
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- IMPACT OF COVID-19 ON B2B ECOMMERCE MARKET
- MAJOR MARKET FINDINGS
- ENABLING SEAMLESS BUSINESS EVOLUTION THROUGH ONLINE PLATFORMS
- EMPOWERING 24/7 GLOBAL INTERACTIONS AND TRANSACTIONS
- OPTIMIZING OPERATIONS AND REDUCING OVERHEADS THROUGH E-COMMERCE
- EXPANDING MARKET HORIZONS AND UNLOCKING INTERNATIONAL OPPORTUNITIES
MARKET DYNAMICS
- KEY DRIVERS
- EXPANDING DIGITAL ORDERS
- TECHNOLOGICAL PROGRESS AND INNOVATIONS
- SEAMLESS USAGE AND ADOPTION OF DIVERSE PAYMENT METHODS
- KEY RESTRAINTS
- INCREASING EMPHASIS ON DATA PRIVACY AND SECURITY
- NEED FOR SUBSTANTIAL CAPITAL INVESTMENT
- KEY DRIVERS
KEY ANALYTICS
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- MARKET CONCENTRATION ANALYSIS
MARKET BY INDUSTRY
- CONSUMER ELECTRONICS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- INDUSTRIAL & SCIENCE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- AUTOMOTIVE & TRANSPORTATION
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- BEAUTY & PERSONAL CARE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CLOTHING
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- SPORTS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- FOOD & BEVERAGE
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- BUILDING & CONSTRUCTION
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER INDUSTRIES
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CONSUMER ELECTRONICS
MARKET BY MODE OF PAYMENT
- DIGITAL/MOBILE/E-WALLETS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CREDIT & DEBIT CARDS
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- BANK TRANSFER
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- CASH ON DELIVERY
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- OTHER MODES OF PAYMENT
- MARKET FORECAST FIGURE
- SEGMENT ANALYSIS
- DIGITAL/MOBILE/E-WALLETS
GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- NORTH AMERICA B2B ECOMMERCE MARKET DRIVERS
- NORTH AMERICA B2B ECOMMERCE MARKET CHALLENGES
- KEY PLAYERS IN NORTH AMERICA B2B ECOMMERCE MARKET
- COUNTRY ANALYSIS
- UNITED STATES
- UNITED STATES B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
- CANADA
- CANADA B2B ECOMMERCE MARKET SIZE & OPPORTUNITIES
- UNITED STATES
- NORTH AMERICA
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- ALIBABA GROUP HOLDING LTD
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- AMAZON INC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- EBAY INC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- EC21
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- EWORLDTRADE
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- FLEXFIRE LEDS
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- GLOBAL SOURCES
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- MSC INDUSTRIAL DIRECT
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- QUILL LINCOLNSHIRE INC
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- THOMASNET
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- STRENGTHS & CHALLENGES
- ALIBABA GROUP HOLDING LTD
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – B2B ECOMMERCE
TABLE 2: NORTH AMERICA B2B ECOMMERCE MARKET, BY INDUSTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 3: NORTH AMERICA B2B ECOMMERCE MARKET, BY INDUSTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 4: NORTH AMERICA B2B ECOMMERCE MARKET, BY MODE OF PAYMENT, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 5: NORTH AMERICA B2B ECOMMERCE MARKET, BY MODE OF PAYMENT, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 6: NORTH AMERICA B2B ECOMMERCE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 7: NORTH AMERICA B2B ECOMMERCE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 8: KEY PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA B2B ECOMMERCE MARKET, GROWTH POTENTIAL, BY INDUSTRY, IN 2022
FIGURE 6: NORTH AMERICA B2B ECOMMERCE MARKET, BY CONSUMER ELECTRONICS, 2023-2032 (IN $ BILLION)
FIGURE 7: NORTH AMERICA B2B ECOMMERCE MARKET, BY INDUSTRIAL & SCIENCE, 2023-2032 (IN $ BILLION)
FIGURE 8: NORTH AMERICA B2B ECOMMERCE MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2023-2032 (IN $ BILLION)
FIGURE 9: NORTH AMERICA B2B ECOMMERCE MARKET, BY BEAUTY & PERSONAL CARE, 2023-2032 (IN $ BILLION)
FIGURE 10: NORTH AMERICA B2B ECOMMERCE MARKET, BY CLOTHING, 2023-2032 (IN $ BILLION)
FIGURE 11: NORTH AMERICA B2B ECOMMERCE MARKET, BY SPORTS, 2023-2032 (IN $ BILLION)
FIGURE 12: NORTH AMERICA B2B ECOMMERCE MARKET, BY FOOD & BEVERAGE, 2023-2032 (IN $ BILLION)
FIGURE 13: NORTH AMERICA B2B ECOMMERCE MARKET, BY BUILDING & CONSTRUCTION, 2023-2032 (IN $ BILLION)
FIGURE 14: NORTH AMERICA B2B ECOMMERCE MARKET, BY OTHER INDUSTRIES, 2023-2032 (IN $ BILLION)
FIGURE 15: NORTH AMERICA B2B ECOMMERCE MARKET, GROWTH POTENTIAL, BY MODE OF PAYMENT, IN 2022
FIGURE 16: NORTH AMERICA B2B ECOMMERCE MARKET, BY DIGITAL/MOBILE/E-WALLETS, 2023-2032 (IN $ BILLION)
FIGURE 17: NORTH AMERICA B2B ECOMMERCE MARKET, BY CREDIT & DEBIT CARDS, 2023-2032 (IN $ BILLION)
FIGURE 18: NORTH AMERICA B2B ECOMMERCE MARKET, BY BANK TRANSFER, 2023-2032 (IN $ BILLION)
FIGURE 19: NORTH AMERICA B2B ECOMMERCE MARKET, BY CASH ON DELIVERY, 2023-2032 (IN $ BILLION)
FIGURE 20: NORTH AMERICA B2B ECOMMERCE MARKET, BY OTHER MODES OF PAYMENT, 2023-2032 (IN $ BILLION)
FIGURE 21: NORTH AMERICA B2B ECOMMERCE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 22: UNITED STATES B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 23: CANADA B2B ECOMMERCE MARKET, 2023-2032 (IN $ BILLION)
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