PUBLISHER: Inkwood Research | PRODUCT CODE: 1348066
PUBLISHER: Inkwood Research | PRODUCT CODE: 1348066
The Europe B2B eCommerce market is set to record a CAGR of 21.58% during the forecast period, 2023-2032. New B2B eCommerce websites and marketplaces, technological innovations, integration of advanced technologies, and strategies adopted by the key players are propelling the market growth.
The Europe B2B eCommerce market growth evaluation includes the assessment of the United Kingdom, France, Spain, Poland, Belgium, Germany, Italy, and Rest of Europe. The B2B eCommerce sector in Germany is undergoing dynamic expansion driven by technological progress and evolving business methodologies. As one of Europe's largest economies and a significant global trading force, Germany is spearheading innovations in B2B eCommerce. Recent times have witnessed a number of noteworthy advancements and trends that are molding the market's characteristics.
A notable trend observed is the escalating embrace of digital marketplaces. These platforms serve as intermediaries between buyers and sellers, furnishing a convenient and effective avenue for product exploration, price comparison, and transactional activities. Pioneering companies like Mercateo, ManoMano, and Zentrada are taking the lead in establishing robust B2B marketplaces tailored to the diverse requirements of businesses spanning various sectors. These marketplaces empower German enterprises to broaden their horizons, gain access to a wider array of suppliers and buyers, and optimize their procurement procedures.
Furthermore, the growth and transformation of the B2B eCommerce sector in Italy are primarily propelled by digitalization and evolving business trends. A particular trend is the increasing prevalence of B2B marketplaces within the Italian landscape. These online portals serve as intermediaries between buyers and sellers, presenting an extensive array of products and services spanning multiple sectors. Key players like B2B4Trade, B2B Wave, and Alibaba.com have become well-recognized, furnishing enterprises with a unified venue for exploring suppliers, contrasting prices, and executing transactions.
eBay Inc. and Amazon Inc. are among the prominent players in the market.