The Europe Business-to-Business E-commerce Market would witness market growth of 15.6% CAGR during the forecast period (2021-2027).
Various manufacturers, who depend on stable supplies of raw materials, require proper management of huge inventories to facilitate the non-stop production of the company. In case, if inventories get on the verge of being out of stock, then manufacturers can face the risk of not finding any supplier to deliver the materials on time. Proper management of the inventories needs a big team to connect with various suppliers to get the correct quality, quantity, and price. The accounting department works directly with the inventory team to settle data with vendors.
E-commerce enables to automate this process for the companies. For example, an e-commerce system can help in regular tracking of the inventory levels of the company’s raw material and also the inventory level of suppliers. When the stocks get below a certain level, the system automatically generates an order to the best supplier. In the case of efficient operation of such a system, manufacturers become empowered to operate with low-level inventories, get the best prices, and settle the accounts in real-time.
This e-commerce system helps in optimizing procurement and also streamlining the transactions with affiliates, agents, and distributors of the business used for sales. By combining an accounting system with the partners, companies can ensure that there would not be any large-scale settlement process left for later. In addition, sales & inventory levels are also supervised in real-time to help in taking suitable channel decisions.
Developed nations like Germany in the European region, where the companies are increasingly adopting B2B e-commerce would accelerate the regional growth of the market. Businesses are adopting this e-commerce model because it improves the customer experience, delivers better products, and offer more personalized products that further meet customers’ demand.
The increasing demand for better transaction processes, enhanced settlement systems, and easy & convenient inventory management by the business customers are fueling the growth of the regional market. In addition, growing demand for B2B e-commerce in this region would escalate the growth of the regional market during the forecast period.
The Germany market dominated the Europe Clothing & Sports Apparels Business-to-Business E-commerce Market by Country 2020, thereby, achieving a market value of $107.4 Billion by 2027. The UK market is exhibiting a CAGR of 15.3% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 16.9% during (2021 - 2027).
Based on Application, the market is segmented into Home & Kitchen, Consumer Electronics, Clothing & Sports Apparels, Industrial & Science, Beauty & Personal Care, Healthcare, Books & Stationary and Others. Based on Deployment Type, the market is segmented into Intermediary-Oriented, Supplier-Oriented and Buyer-Oriented. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Business-to-Business E-commerce Market Size will Hit $18,857.3 billion by 2027, at a CAGR of 16.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alibaba Group Holdings Limited, Amazon.com, Inc., eBay, Inc., Walmart, Inc. (Flipkart), ChinaAseanTrade, DIYSite Group (DIYTrade.com), IndiaMART InterMESH Ltd. (Tradezeal Online), Flexfire LEDs, eWorldTrade.com (Reckon Media LLC), and Kompass International.
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