Global Cross-Border B2B E-commerce Market was valued at US$ 54345.36 million in 2020 and is expected to reach US$ 665074.66 million by 2029, growing at an estimated CAGR of 32.2% over the forecast period. Irrespective of initial opposition from the conventional businesses, the global cross-cross-border B2B e-commerce industry has managed to boom in a very less time, mainly because of was successful in converting those who opposed into a part of them. Currently, most of bigger businesses that operated traditionally are going digital or being part of any other growing e-commerce company. Companies like Alibaba.com and Amazon.com have transformed the industry and themselves have emerged as end-to-end trading platform for small-and medium-sized businesses. This industry which caters to more than 190 countries has easily crossed the hurdle called Covid-19. Collaborating with several leading governments, these e-commerce companies have been delivering essentials in times when majority of businesses have been forced to shut down. Driven by factors like scalability, no geographical limitations and ability to offer any sort of product, this industry has comparatively biggest potential as compared to any other industry today.
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While cross-border trading is not as easy as doing regular business, mainly because of barriers like trade laws, tax policies, logistics and foreign exchange, the introduction of e-commerce to this segment has quite smoothly managed to break all these barriers. It has also eliminated several risks like multiple legal jurisdictions and trust issues.
As the internet had already made this world a smaller place, plus the trade restrictions in wake of the ongoing pandemic, the experts are saying that the best time for the e-commerce industry.
The detailed research study provides qualitative and quantitative analysis of global cross-border B2B e-commerce market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- Electronic gadgets companies and smartphone makers are now heavily banking on e-commerce sites as it is more feasible for them to sell their products without need to worry much about the distribution overheads
- All major e-commerce companies are capitalizing the festivals all across the globe by announcing big discount on products in the health and personal category along with electronic gadgets, and this is why it has the highest CAGR
- All the major clothing lines and footwear companies their own websites or mobile apps. Today people prefer buying their favorite outfit without stepping out of their place and also without worrying about its fitting.
- Not only consumers, but several small scale business are also purchasing their stocks of apparel and footwear directly from the manufacturer, and this is why maximum revenue for the global cross-border e-commerce industry comes from this category
- The major players operating in the logistics consulting market include Amaxon.com Inc., Alibaba.com, Flipkart, Walmart Inc., JD.com, eBay and Rakuten Group, Inc. amongst others.
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Global Cross-border B2B E-commerce Market
By Category
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- Beauty and Personal Care
- Consumer Electronics and Accessories
- Electrical and Electronic Components
- Apparel & Footwear
- Healthcare and Medical
- Machinery and Equipment
- Chemicals & Materials
- Sports and Entertainment Products
- Others
By Platform
-
- App-based
- Web-based
By Organization Size
-
- Small and Medium Sized Enterprises
- Large Enterprises
By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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