Global B2b E-commerce Places Power Tools Accessories Market Size & Outlook
Global b2b e-commerce marketplaces power tools accessories market, 2018-2028 (US$M)
Related Markets
B2b E-commerce Marketplaces Power Tools Accessories Market Insights
- The b2b e-commerce marketplaces power tools accessories market worldwide generated a revenue of USD 9,209.3 billion in 2023.
- The market is expected to grow at a CAGR (2023 - 2030) of 20.2% to attain a revenue of USD 33,317.4 billion by 2030.
- In terms of segment, intermediary-oriented accounted for a revenue of USD 5,518.9 billion in 2023.
- In 2023, the Asia Pacific accounted for the largest revenue share of b2b e-commerce marketplaces power tools accessories market.
Market Dynamics
The adoption of smartphones and tablets is proliferating across all age groups worldwide. The adoption of smartphones is massively
increasing, particularly in developing economies such as Brazil, Mexico, India, and other countries. These countries have witnessed a
remarkable adoption from 2015 till now. While India still has a low smartphone penetration rate of 30%, the ownership of the smartphone
is increasing among many young adults.
Furthermore, the mobile industry has witnessed a significant shift from traditional mobile devices to smartphones owing to the growing
consumer emphasis on high-speed mobile networks coupled with digital transformation. For instance, according to Ericsson, by 2023,
smartphones are expected to account for 95.0% of the total mobile data traffic. Similarly, according to GSMA, smartphones are expected to
emerge as the leading and most popular mobile devices used by individuals in all the regions by 2020, with the adoption of smartphones
across the globe anticipated to reach 80% by 2025.
Misalignment between departments has been an old challenge, and disparate data systems affect the efficiency of a business extensively.
With rapid adoption of mobile devices across these systems, departments would be better aligned. For example, marketing content can be
generated, managed, and updated in content management system (CMS) by the marketing department. At the same time, it will enable the
sales team to update content on their mobile devices via mobile application and have the updated content for prospects and customers in
desired formats. Thus, owing to aforementioned factors, organizations are rapidly switching to smartphones, which is expected to positively
impact the market.
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B2B E-Commerce Marketplaces Power Tools Accessories Market Scope
B2B E-Commerce Marketplaces Power Tools Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global b2b e-commerce marketplaces power tools accessories market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to b2b e-commerce marketplaces power tools accessories market will help companies and investors design strategic landscapes.
- Global B2B E-Commerce places Power Tools Accessories Type Outlook (Revenue, USD Million, 2018-2028)
- Power Tools
- Accessories
- Global B2B E-Commerce places Power Tools Accessories Product Outlook (Revenue, USD Million, 2018-2028)
- Drills
- Saws
- Wrenches
- Grinders
- Sanders
- Others
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Our clientele includes a mix of b2b e-commerce marketplaces power tools accessories market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global b2b e-commerce marketplaces power tools accessories market , including forecasts for subscribers. This global databook contains high-level insights into Global b2b e-commerce marketplaces power tools accessories market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Global b2b e-commerce marketplaces power tools accessories market size, by regions, 2018-2028 (US$M)
Top 10 countries: B2b e-commerce marketplaces power tools accessories market size, 2021 (US$M)
Global b2b e-commerce marketplaces power tools accessories market share, by type, 2021 & 2028 (%, US$M)
B2b e-commerce marketplaces power tools accessories market: Opportunity assessment by country
Global b2b e-commerce marketplaces power tools accessories market, by region, 2021 (US$M)
Global b2b e-commerce marketplaces power tools accessories market size, by regions, 2018-2028 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 965.1 | 1,046.7 | 1,345.1 | 1,491.5 | 1,675.8 | 1,911.2 | 2,215.9 | 2,616.6 | 3,151.9 | 3,879.5 | 4,887.0 | 18.5% |
| Europe | 821.0 | 878.1 | 1,112.9 | 1,216.8 | 1,347.9 | 1,515.4 | 1,731.9 | 2,015.5 | 2,392.5 | 2,901.5 | 3,600.9 | 16.8% |
| Asia Pacific | 868.1 | 958.6 | 1,253.9 | 1,414.5 | 1,616.3 | 1,873.9 | 2,208.0 | 2,648.6 | 3,240.0 | 4,048.6 | 5,176.1 | 20.4% |
| Latin America | 267.9 | 283.9 | 356.3 | 385.7 | 422.9 | 470.4 | 531.7 | 611.7 | 717.6 | 859.6 | 1,053.3 | 15.4% |
| MEA | 151.0 | 155.7 | 189.8 | 199.1 | 211.0 | 226.3 | 245.8 | 270.7 | 302.8 | 344.1 | 397.8 | 10.4% |
| Overall | 3,073.2 | 3,323.0 | 4,258.0 | 4,707.7 | 5,274.0 | 5,997.0 | 6,933.2 | 8,163.1 | 9,804.7 | 12,033.3 | 15,115.1 | 18.1% |
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