B2B E-Commerce Marketplace by Power Tools & Accessories Market is accounted for USD 15,142 million in 2020, growing at a robust CAGR of 18.5% during forecast period

Introduction of the B2B E-Commerce Marketplace by Power Tools & Accessories Market Report

B2B e-commerce marketplace is a type of electronic platform that brings together B2B sellers and buyers and enables them to do business in one place online. The B2B e-commerce marketplace is also referred to as B2B procurement websites, sourcing portals, purchasing platforms, multi-vendor marketplaces.

Brands, manufacturers, suppliers, and wholesalers are the sellers, and other businesses are the customers in a B2B marketplace. B2B e-commerce platforms help buyers through personalized sales portals, mobile ordering, augmented reality tours, and self-service functionality.

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Market Dynamic

Key Drivers and Emerging Trends

The rising number of manufacturers of power tools including power drills, circular saws, impact wrenches, hammer drills, and grinders; and the growing popularity of third-party marketplaces, such as Amazon.com and eBay are expected to drive the growth of the B2B e-commerce marketplace by power tools & accessories market size. In addition, e-commerce marketplaces offer benefits including a wide range of options for buyers to choose the power tools online, comparison of products on various parameters, transparency in features and prices, easy payment and invoicing, and reduced infrastructure and overhead costs.
Moreover, the B2B e-commerce marketplace for power tools & accessories helps in utilizing digital marketing strategies to reach a wider audience, obtain in-depth data analysis, and make better business decisions. Furthermore, according to the UNCTAD report, the global e-commerce sales that include business-to-business (B2B) and business-to-consumer (B2C) sales reached $26.7 trillion in 2019, with an increase of 4% from 2018. The online retail sales’ share of total retail sales increased from 16% to 19% in 2020. The rise in e-commerce is primarily due to the movement restrictions induced by COVID 19, which in turn is expected to promote the growth of the market over the forecast period.

Restraint in the B2B E-Commerce Marketplace by Power Tools & Accessories Market

However, the lack of system security and reliability coupled with the growing incidences of cybercrimes is expected to restraint the growth of the B2B e-commerce marketplace for the power tools & accessories market.

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Product Type – Segment Analysis

Based on the product type, the drill is expected to hold a notable share in the market owing to the increasing use of power drills in woodworking, metalworking, construction, machine tool fabrication. Moreover, the availability of cordless sophisticated, and lightweight drills at affordable prices is further augmenting the market growth.
On the other hand, the sander is expected to grow at a high rate over the forecast period. This can be attributed to the rising demand for a portable power tool for smoothing, polishing, and cleaning surfaces of wood, plastic, or metal. Increasing the use of sanders from woodworkers and carpenters is further expected to accelerate the growth of the market.

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Regional – Segment Analysis:

North America is expected to account for a high share in the B2B e-commerce marketplace by power tools & accessories market during the forecast period. This can be attributed to the growing construction & infrastructure development activities. According to the UNCTD, in 2018, the U.S. registered $8,640 billion in e-commerce sales and dominated the overall e-commerce industry.

Top Market Players

Several leading B2B E-Commerce Marketplace by Power Tools & Accessories companies operating in the market include Alibaba.com, Amazon.com, Inc., ChinaAseanTrade.com, DIYTrade.com, eBay Inc., eworldtrade.com, Ferguson Enterprises, LLC, Flipkart.com, IndiaMART InterMESH Ltd., and Quill Lincolnshire, Inc. among others.

Key Developments:

• • In 2021, eBay Inc. partnered with bidadoo, a remarketing and Auction Company for trucks, equipment, and capital assets. Bidadoo works with industries including agriculture, construction, and transportation.

Segments covered in the Report:

The global B2B E-Commerce Marketplace by Power Tools & Accessories market has been segmented on the basis of product type, and key regions. Based on the product type, the market is segmented drills, saws, wrenches, grinders, sanders, and others.

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Key questions answered in this research report:

• • At what pace is global B2B E-Commerce Marketplace by Power Tools & Accessories market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in B2B E-Commerce Marketplace by Power Tools & Accessories Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global B2B E-Commerce Marketplace by Power Tools & Accessories Market?
  • Which product type generated maximum revenues in 2020 and identify the most promising product type during the forecast period?
  • What are the various product types of global B2B E-Commerce Marketplace by Power Tools & Accessories Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global B2B E-Commerce Marketplace by Power Tools & Accessories Market by Product Type

• • Drills
  • Saws
  • Wrenches
  • Grinders
  • Sanders
  • Others

Global B2B E-Commerce Marketplace by Power Tools & Accessories Market by Region

• • North America B2B E-Commerce Marketplace by Power Tools & Accessories Market (Option 1: As a part of the free 25% customization)
    • By Product Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe B2B E-Commerce Marketplace by Power Tools & Accessories Market (Option 2: As a part of the free 25% customization)
    • By Product Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific B2B E-Commerce Marketplace by Power Tools & Accessories Market (Option 3: As a part of the free 25% customization)
    • By Product Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW B2B E-Commerce Marketplace by Power Tools & Accessories Market (Option 4: As a part of the free 25% customization)
    • By Product Type
    • Brazil B2B E-Commerce Marketplace by Power Tools & Accessories Market All-Up
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the B2B E-Commerce Marketplace by Power Tools & Accessories Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alibaba.com
  • Amazon.com, Inc.
  • ChinaAseanTrade.com
  • DIYTrade.com
  • eBay Inc.
  • eworldtrade.com
  • Ferguson Enterprises, LLC.
  • Flipkart.com
  • IndiaMART InterMESH Ltd.
  • Quill Lincolnshire, Inc.