WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Software Products Saturday, December 4, 2021 
Add Press Release News | News Feeds Feeds | Email This News Email

B2B E-commerce Marketplaces By Power Tools & Accessories Market Size Worth $15.11 Billion By 2028: Grand View Research, Inc.
Thursday, October 21, 2021

SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- The global B2B e-commerce marketplaces by power tools & accessories market size is projected to reach USD 15.11 billion by 2028, expanding at a CAGR of 18.1% from 2021 to 2028, according to a new report by Grand View Research, Inc. The outbreak of the COVID-19 pandemic is prompting both buyers and sellers to consider third-party digital channels to buy and sell power tools, thereby driving the growth of the market over the forecast period. Manufacturers of power tools primarily rely on direct sales via e-commerce websites and distributors for selling their products. However, the growing popularity of third-party marketplaces, such as and eBay, owing to various marketing and promotional strategies, such as high discounts and coupons, these marketplaces pursue are particularly proving lucrative for power tool manufacturers..

Key Insights & Findings:

    --  The drills segment accounted for the largest market share in 2020 and is
        expected to continue dominating the market over the forecast period. The
        growth of the segment can be attributed to the easy availability of
        sophisticated, lightweight drills featuring long-lasting batteries at
        affordable prices
    --, Inc. is expected to gain a significant market share in terms
        of revenue due to its large customer base
    --  Asia Pacific, led by China, and North America, led by the U.S., are
        expected to contribute significantly to the growing regional demand over
        the forecast period. The growing customer bases of Alibaba and, both of which allow buyers to purchase in bulk at discounted
        prices, are expected to contribute to the growth of the two regional

Read 120 page market research report, "B2B E-commerce Marketplaces By Power Tools & Accessories Market Size, Share & Trends Analysis Report By Product (Drill, Saws, Wrenches, Grinders, Sanders), By Region, And Segment Forecasts, 2021 - 2028", by Grand View Research

The sales of power tools witnessed single-digit growth in the B2B marketplaces in 2020. However, they are expected to grow significantly over the next seven years. Marketplaces, such as, eBay, and, have gained significant popularity among buyers worldwide. Bulk discounts and contractual pricing have typically triggered a paradigm shift in the buyers' attitude toward these e-commerce marketplaces, which bodes well for the growth of the market over the forecast period.

The preference for DIY among individuals for home improvement activities is growing significantly, thereby encouraging e-commerce marketplaces to increase their Stock Keeping Units (SKUs) to cater to the rising demand for DIY tools. Home improvement activities typically call for power tools, such as power drills, circular saws, impact wrenches, hammer drills, and grinders. They can help individuals in 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 functionalities, such as comparison of products on various parameters, coupled with transparency in features and prices are particularly encouraging buyers to prefer B2B e-commerce marketplaces over other channels, thereby contributing to the growth of the market over the forecast period.

Grand View Research has segmented the global B2B e-commerce marketplaces by power tools & accessories market based on product and region:

    --  B2B E-commerce Marketplaces By Power Tools & Accessories Product Outlook
        (Revenue, USD Million, 2017 - 2028)
        --  Drills
        --  Saws
        --  Wrenches
        --  Grinders
        --  Sanders
        --  Others
    --  B2B E-commerce Marketplaces By Power Tools & Accessories Regional
        Outlook (Revenue, USD Million, 2017 - 2028)
        --  North America
            --  U.S.
            --  Canada
        --  Europe
            --  U.K
            --  Germany
            --  France
            --  Rest of Europe
        --  Asia Pacific
            --  China
            --  India
            --  Japan
            --  Rest of APAC
        --  Latin America
            --  Brazil
            --  Mexico
            --  Rest of Latin America
        --  Middle East & Africa

List of Key Players of the B2B E-commerce Marketplaces By Power Tools & Accessories Market

    --, Inc.
    --  eBay Inc.
    --  Ferguson Enterprises, LLC.
    --  IndiaMART InterMESH Ltd.
    --  Quill Lincolnshire, Inc.
    --  W.W. Grainger, Inc.

Browse through Grand View Research's coverage of the Global Next Generation Technologies Industry

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Follow Us: LinkedIn | Twitter

View original content:

SOURCE Grand View Research, Inc.

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Fortune 500 Leaders Join CTO Forum's RETHINK DIGITAL Six Series - Designing the Digital Transformation Flywheel Curriculum | Dec 4, 2021
Nav Insights on the IO-Link Global Market to 2030 - Opportunity Analysis and Industry Forecasts | Dec 4, 2021
Nav Absorb Software Recognized Among Top Learning Management Systems and Experience Platforms by Independent Research Firm | Dec 4, 2021
Nav Global Patient Engagement Solutions Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts | Dec 4, 2021
Nav Azcom Technology Announces Production-Ready Radar-Based Solution for Child Presence Detection (CPD) | Dec 4, 2021
Nav The Global Connected Device Analytics Market is Estimated to be $14.9 Bn in 2021 and is Forecasted to Reach $49.86 Bn by 2027, Growing at a CAGR of 22.3% | Dec 4, 2021
Nav Schneider Electric Launches Grids of the Future Lifecycle Management at Enlit Europe | Dec 4, 2021
Nav Cold Chain Monitoring Market worth $10.2 billion by 2026 - Exclusive Report by MarketsandMarkets(TM) | Dec 4, 2021
Nav Insights on the Process Spectroscopy Global Market to 2026 - by Technology, Component, Application and Region | Dec 4, 2021
Nav Digital Experience Platform Market size worth $ 43.43 Billion, Globally, by 2028 at 13.4% CAGR: Verified Market Research┬« | Dec 4, 2021

Submit News | View More News View More News