Market Share of Global B2B E-commerce Industry
In the B2B e-commerce business, many firms have expanded and entered the market, resulting in fierce competition. Some of the key players are Amazon.com Inc., Alibaba Group Holding Limited, eBay, Indiamart, Flipkart, and many more. Product launches, high expenses on R&D, acquisitions and partnerships, etc. are the growth strategies such companies adopt to sustain the intense competition.
- July 2022 - Aditya Birla Group-owned Grasim Industries has announced an investment of INR 2,000 Crores over 5 years in developing a business-to-business (B2B) e-commerce platform focused on building materials.
- July 2022 - Balance, the player in B2B marketplace and eCommerce payments, announced Series B Funding of USD 56 million led by Forerunner Ventures with support from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures. The company aims to utilize the funding to expand its offerings to new, global eCommerce platforms and enable B2B merchants to grow their digital revenue.
B2B E-commerce Market Leaders
Amazon.com, Inc.
ChinaAseanTrade.com
DIYTrade.com
eBay Inc.
eworldtrade.com
*Disclaimer: Major Players sorted in no particular order
