Dublin, November 01, 2021 (GLOBE NEWSWIRE) – The “B2B Ecommerce Markets by Power Tools and Accessories Market Size, Share and Trend Analysis Report by Product (Drills, Saws, Wrenches, Grinders, Sanders), by Region and Forecast segment, 2021-2028 “ report was added to ResearchAndMarkets.com offer.
Global B2B e-commerce markets by power tools and accessories market size is expected to reach USD 15.11 billion by 2028, with a CAGR of 18.1% from 2021 to 2028.
The outbreak of the COVID-19 pandemic is prompting buyers and sellers to consider third-party digital channels for buying and selling power tools, thereby boosting market growth during the forecast period. Power tool manufacturers primarily rely on direct sales through e-commerce websites and distributors to sell their products.
However, the growing popularity of third-party marketplaces, such as Amazon.com and eBay, due to various marketing and promotional strategies, such as high discounts and coupons, pursued by these markets is proving particularly lucrative for manufacturers of power tools.
Power tool sales saw single-digit growth in B2B markets in 2020. However, they are expected to increase significantly over the next seven years. Marketplaces, such as Amazon.com, eBay, and Alibaba.com, have grown in popularity with buyers around the world. Wholesale discounts and contract prices have generally triggered a paradigm shift in buyers’ attitude towards these ecommerce marketplaces, which bodes well for market growth over the forecast period.
The preference for home DIY for home improvement business is increasing dramatically, encouraging e-commerce markets to increase their storage units (SKUs) to meet the growing demand for DIY tools. Home improvement activities typically require power tools, such as power drills, circular saws, impact wrenches, impact drills, and grinders.
They can help individuals with various home improvement activities, such as roofing, kitchen and bathroom remodeling, and landscaping, among others. E-commerce marketplaces offer a wide range and options for buyers to choose the power tools of their choice.
Various key features, such as product comparison on various parameters, coupled with feature and price transparency, especially encourage buyers to prefer B2B e-commerce marketplaces over other channels, thus contributing to the growth of the market. market during the forecast period.
Highlights of the B2B Ecommerce Market by Power Tools and Accessories Report
Drill press segment accounted for the largest market share in 2020 and is expected to continue to dominate the market during the forecast period. The growth of the segment can be attributed to the easy availability of sophisticated and lightweight drills with long life batteries at affordable prices.
Amazon.com, Inc. is expected to gain significant market share in terms of revenue due to its large customer base.
Asia-Pacific, led by China, and North America, led by the United States, are expected to contribute significantly to growing regional demand during the forecast period. The growing customer base of Alibaba and Amazon.com, both of which allow buyers to buy wholesale at discounted prices, is expected to contribute to the growth of the two regional markets.
Main topics covered:
Chapter 1. Methodology and scope
1.1. Research methodology
1.2. Scope of research and hypotheses
1.3. List of data sources
Chapter 2. Executive summary
2.1. Market Snapshot
Chapter 3. Market Trends, Variables and Scope
3.1. Market segmentation
3.2. Market Size and Growth Outlook, 2016-2028
3.3. Value chain analysis
3.4. Market dynamics
3.5. Priority key opportunities
3.6. Industry Analysis – Porter’s
3.7. PEST analysis
Chapter 4. B2B E-Commerce Markets by Power Tools and Accessories Market: Product Outlook
4.1. B2B E-Commerce Markets by Power Tools and Accessories Market Share by Product, 2020 and 2028 (USD Million)
Chapter 5. B2B E-Commerce Markets by Power Tools and Accessories Market: Regional Outlook
5.1. Market share by region, 2015 and 2025 (USD billion)
Chapter 6. Competitive landscape
For more information on this report, visit https://www.researchandmarkets.com/r/1gnjas
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