GITNUX MARKETDATA REPORT 2024

B2B Ecommerce Industry Statistics

The B2B eCommerce industry is rapidly growing, with global B2B eCommerce sales projected to reach $6.7 trillion by 2020.

With sources from: statista.com, digitalcommerce360.com, blogs.forrester.com, thinkwithgoogle.com and many more

Statistic 1

Global B2B e-commerce sales were predicted to reach over $6.6 trillion in 2020.

Statistic 2

B2B e-commerce sales in the United States were estimated to amount to about $1.18 trillion in 2021.

Statistic 3

55% of B2B buyers do their research by using social networks.

Statistic 4

74% of B2B buyers researched at least half of their work purchases online in 2019.

Statistic 5

In 2019, the automotive parts industry's B2B e-commerce sales reached $13.9 billion.

Statistic 6

80% of B2B buyers expect a B2C-like customer experience.

Statistic 7

By 2024, companies are projected to spend over $1.8 trillion on B2B eCommerce transactions.

Statistic 8

70% of B2B decision-makers are open to making new, low-cost purchases online.

Statistic 9

70% of B2B queries are made on smartphones, and this figure is projected to increase to 80% by 2020.

Statistic 10

57% of B2B executives view B2B e-commerce as a driver for boosting their customer loyalty.

Statistic 11

62% of B2B buyers make purchases online.

Statistic 12

B2B retailers that fail to adopt e-commerce could lose as much as 20% of their market share.

Statistic 13

By 2025, the global B2B marketplace sales are expected to reach $25 trillion.

Statistic 14

E-commerce represents 12% of total B2B sales in the US.

Statistic 15

48% of companies are planning to increase their B2B e-commerce budgets.

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In this post, we explore key statistics shaping the B2B e-commerce industry, shedding light on the rapidly growing market and the evolving behaviors of buyers and sellers in the digital marketplace. From projected sales figures to shifting purchasing trends, these data points provide valuable insights for businesses looking to thrive in the competitive landscape of B2B e-commerce.

Statistic 1

"Global B2B e-commerce sales were predicted to reach over $6.6 trillion in 2020."

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Statistic 2

"B2B e-commerce sales in the United States were estimated to amount to about $1.18 trillion in 2021."

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Statistic 3

"55% of B2B buyers do their research by using social networks."

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Statistic 4

"74% of B2B buyers researched at least half of their work purchases online in 2019."

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Statistic 5

"In 2019, the automotive parts industry's B2B e-commerce sales reached $13.9 billion."

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Statistic 6

"80% of B2B buyers expect a B2C-like customer experience."

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Statistic 7

"By 2024, companies are projected to spend over $1.8 trillion on B2B eCommerce transactions."

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Statistic 8

"70% of B2B decision-makers are open to making new, low-cost purchases online."

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Statistic 9

"70% of B2B queries are made on smartphones, and this figure is projected to increase to 80% by 2020."

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Statistic 10

"57% of B2B executives view B2B e-commerce as a driver for boosting their customer loyalty."

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Statistic 11

"62% of B2B buyers make purchases online."

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Statistic 12

"B2B retailers that fail to adopt e-commerce could lose as much as 20% of their market share."

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Statistic 13

"By 2025, the global B2B marketplace sales are expected to reach $25 trillion."

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Statistic 14

"E-commerce represents 12% of total B2B sales in the US."

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Statistic 15

"48% of companies are planning to increase their B2B e-commerce budgets."

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Interpretation

In conclusion, the B2B e-commerce industry is experiencing significant growth and transformation, with global sales skyrocketing to trillions of dollars and projected to continue rising. The statistics reveal a clear shift towards online research and purchasing behaviors among B2B buyers, indicating the importance of a seamless, B2C-like customer experience. Companies that embrace e-commerce stand to benefit from increased customer loyalty and market share, while those resistant to change may face significant losses. The rapid expansion of the B2B e-commerce market underscores the necessity for businesses to adapt and invest in digital platforms to remain competitive and capitalize on the lucrative opportunities presented by the evolving landscape.

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