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