LATIN AMERICA B2B ECOMMERCE MARKET 2022-2028

ICT | Telecom and Internet

LATIN AMERICA B2B ECOMMERCE MARKET 2022-2028

Market by Product Type, Payment Mode, and Country Outlook | Forecast 2022-2028

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Triton Market Research’s estimates suggest that the B2B eCommerce market in Latin America is set to advance with a compound annual growth rate of 20.60% during the forecasted period 2022-2028.




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The countries studied in the given region are:

•         Brazil

•         Mexico

•         Rest of Latin America

Brazil accumulates the majority of the shares in the Latin America B2B eCommerce market. Several players are expanding their operations through digitalization, which is expected to promote the market’s growth to a large extent. Other than this, the high penetration of smartphones and surge in digital buyers have fueled B2B online retail platforms, thereby driving the business-to-business eCommerce market across Latin American nations.

In Brazil, players are heavily adopting advanced payment methods that have significantly increased the studied market’s share. For instance, Marvin, a fintech company, secured Series A funding that enabled SMBs to pay suppliers via credit card receivables. Further, Cayena raised a significant amount under Series A to ensure a complete online buying experience. Therefore, as stated above, all these factors are responsible for the B2B eCommerce market’s progression over the upcoming years.

Similarly, the business-to-business eCommerce market has witnessed substantial growth in Mexico due to rising funding and strategic initiatives. For instance, Higo, a B2B payments platform, received funding in a Series A round to expand its operations. Such developments are anticipated to create affluent opportunities for the Mexican market in the near future.

A B2B solution streamlines the ordering process of sporting goods by providing a responsive mobile experience. In this regard, these solutions help businesses place large complex orders with a self-service facility to manage orders and pay invoices. The market’s growth is assessed in terms of product type and payment mode. The product type section includes sports, food and beverage, consumer electronics, automotive, beauty and personal care, clothing, construction, industrial and science, and others.

The renowned firms in the studied market include Flipkart, MSC Industrial Direct, Flexfire LEDs, Global Sources, EC21, and ThomasNet.

EC21 is among the largest online business-to-business marketplaces that connect suppliers and buyers globally. The company facilitates global trade opportunities for small and medium-sized enterprises. Additionally, it has gained international recognition owing to its expertise and leading technology in the international trade community. The company serves clients across multiple regions, including Latin America.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


    Comprehensive information and estimation of the B2B eCommerce market revenue growth in Latin America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces


    A wide-ranging study of factors that will challenge the LA B2B eCommerce market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. LATIN AMERICA B2B ECOMMERCE MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE B2B ECOMMERCE MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING POPULARITY OF OMNICHANNEL SALES

2.2.2. GOVERNMENTS SHIFTING TOWARDS ONLINE MARKETPLACES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. PRODUCT LAUNCHES & DEVELOPMENTS

2.6.2. PARTNERSHIPS & AGREEMENTS

2.7. MARKET DRIVERS

2.7.1. GROWTH IN ONLINE ORDERS

2.7.2. TECHNOLOGICAL ADVANCEMENTS AND DEVELOPMENTS

2.7.3. EASE AND ADOPTION OF DIFFERENT PAYMENT MODES

2.8. MARKET CHALLENGES

2.8.1. CONCERNS REGARDING DATA PRIVACY AND SECURITY

2.8.2. REQUIREMENT FOR HIGH INVESTMENTS

2.9. MARKET OPPORTUNITIES

2.9.1. ADOPTION OF SOCIAL COMMERCE

2.9.2. ADOPTION OF AUGMENTED AND VIRTUAL REALITY

3. LATIN AMERICA B2B ECOMMERCE MARKET OUTLOOK - BY PRODUCT TYPE

3.1. CONSUMER ELECTRONICS

3.2. AUTOMOTIVE

3.3. BEAUTY & PERSONAL CARE

3.4. INDUSTRIAL & SCIENCE

3.5. CLOTHING

3.6. SPORTS

3.7. FOOD AND BEVERAGE

3.8. CONSTRUCTION

3.9. OTHERS

4. LATIN AMERICA B2B ECOMMERCE MARKET OUTLOOK - BY PAYMENT MODE

4.1. DIGITAL/MOBILE/E-WALLETS

4.2. CREDIT AND DEBIT CARDS

4.3. BANK TRANSFER

4.4. CASH ON DELIVERY

4.5. OTHERS

5. LATIN AMERICA B2B ECOMMERCE MARKET – COUNTRY OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. ALIBABA GROUP HOLDING LTD

6.2. AMAZON INC

6.3. CHINAASEANTRADE.COM

6.4. DIY TRADE

6.5. EBAY INC

6.6. EC21

6.7. EWORLDTRADE

6.8. FLEXFIRE LEDS

6.9. FLIPKART

6.10. GLOBAL SOURCES

6.11. INDIAMART INTERMESH LTD.

6.12. KOMPASS

6.13. MSC INDUSTRIAL DIRECT

6.14. QUILL CORPORATION

6.15. THOMASNET

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1:  LATIN AMERICA B2B ECOMMERCE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2:  VENDOR SCORECARD

TABLE 3:  LATIN AMERICA B2B ECOMMERCE MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 4:  LATIN AMERICA B2B ECOMMERCE MARKET, BY PAYMENT MODE, 2022-2028 (IN $ MILLION)

TABLE 5:  LATIN AMERICA B2B ECOMMERCE MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1:  MARKET ATTRACTIVENESS INDEX

FIGURE 2:  LATIN AMERICA B2B ECOMMERCE MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3:  LATIN AMERICA B2B ECOMMERCE MARKET, BY CONSUMER ELECTRONICS, 2022-2028 (IN $ MILLION)

FIGURE 4:  LATIN AMERICA B2B ECOMMERCE MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 5:  LATIN AMERICA B2B ECOMMERCE MARKET, BY BEAUTY & PERSONAL CARE, 2022-2028 (IN $ MILLION)

FIGURE 6:  LATIN AMERICA B2B ECOMMERCE MARKET, BY INDUSTRIAL & SCIENCE, 2022-2028 (IN $ MILLION)

FIGURE 7:  LATIN AMERICA B2B ECOMMERCE MARKET, BY CLOTHING, 2022-2028 (IN $ MILLION)

FIGURE 8:  LATIN AMERICA B2B ECOMMERCE MARKET, BY SPORTS, 2022-2028 (IN $ MILLION)

FIGURE 9:  LATIN AMERICA B2B ECOMMERCE MARKET, BY FOOD AND BEVERAGE, 2022-2028 (IN $ MILLION)

FIGURE 10:  LATIN AMERICA B2B ECOMMERCE MARKET, BY CONSTRUCTION, 2022-2028 (IN $ MILLION)

FIGURE 11:  LATIN AMERICA B2B ECOMMERCE MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)

FIGURE 12:  LATIN AMERICA B2B ECOMMERCE MARKET, BY PAYMENT MODE, 2021 & 2028 (IN %)

FIGURE 13:  LATIN AMERICA B2B ECOMMERCE MARKET, BY DIGITAL/MOBILE/E-WALLETS, 2022-2028 (IN $ MILLION)

FIGURE 14:  LATIN AMERICA B2B ECOMMERCE MARKET, BY CREDIT AND DEBIT CARDS, 2022-2028 (IN $ MILLION)

FIGURE 15:  LATIN AMERICA B2B ECOMMERCE MARKET, BY BANK TRANSFER, 2022-2028 (IN $ MILLION)

FIGURE 16:  LATIN AMERICA B2B ECOMMERCE MARKET, BY CASH ON DELIVERY, 2022-2028 (IN $ MILLION)

FIGURE 17:  LATIN AMERICA B2B ECOMMERCE MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)

FIGURE 18:  LATIN AMERICA B2B ECOMMERCE MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 19:  BRAZIL B2B ECOMMERCE MARKET 2022-2028 (IN $ MILLION)

FIGURE 20:  MEXICO B2B ECOMMERCE MARKET 2022-2028 (IN $ MILLION)

FIGURE 21:  REST OF LATIN AMERICA B2B ECOMMERCE MARKET 2022-2028 (IN $ MILLION)

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