B2B E-commerce Marketplaces By Power Tools & Accessories Market s expected to expand at a CAGR of 7.8% from 2021 to 2028
B2B E-commerce Marketplaces By Power Tools & Accessories Industry Overview The global B2B e-commerce marketplaces by power tools & accessories market size was valued at USD 4.26 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 18.1% from 2021 to 2028. The growth can be attributed to the growing number of buyers and sellers approaching third-party e-commerce websites to buy and sell power tools. Bulk discounts, price transparency, and features to easily compare products on various parameters are some of the other factors that are also expected to contribute to the growth of the market over the forecast period. B2B e-commerce marketplaces refer to the third-party e-commerce websites facilitating the purchase of power tools and related accessories. Unlike first-party e-commerce websites, B2B e-commerce marketplaces support all the market players in the B2B value chain by connecting buyers and sellers and opening new sales c...