UK B2B E-commerce Market

UK B2B E-commerce Market Overview:

The UK B2B e-commerce market size reached USD 230.63 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 1146.09 Billion by 2032, exhibiting a growth rate (CAGR) of 18.20% during 2024-2032. The market is propelled by the increasing digital transformation efforts by businesses, growing demand for streamlined procurement processes, advancements in secure payment technologies, rising adoption of cloud-based e-commerce platforms, and expanding cross-border trade opportunities.

UK B2B E-commerce Market Trends:

Digital Transformation and Increasing Adoption of E-commerce Platforms

The UK B2B e-commerce market is primarily driven by the increasing shift toward digital transformation and the rising adoption of e-commerce platforms across various industries. According to Gitnux, in 2020, the UK e-commerce sector witnessed a growth of 46.5%. Businesses are adopting e-commerce platforms to streamline their procurement processes, enhance operational efficiency, and remain competitive in a digital-first environment. Moreover, the rise of cloud-based solutions and software-as-a-service (SaaS) platforms has made it easier for B2B companies to transition from traditional sales methods to online platforms. For instance, SaaS e-commerce software streamlines order processing and inventory management, automating the supply chain with less manual intervention. It also offers flexibility, enabling B2B companies to tailor their operations to meet their specific needs and serve a broader range of customers. This scalability helps businesses expand their market presence, facilitating overall industry growth.

Growing Demand for Streamlined Procurement Processes

The need for more efficient and streamlined procurement processes is significantly influencing the growth of the UK B2B e-commerce market. Traditional procurement methods are time-consuming and prone to errors. Due to this, businesses are turning to online e-commerce platforms that offer faster, more transparent, and cost-effective procurement solutions. B2B e-commerce platforms provide centralized systems where buyers can compare products, prices, and suppliers easily. This enables quicker and more efficient decision-making. Furthermore, automation of the procurement process reduces administrative tasks, lowers operational costs, and minimizes human errors. As businesses prioritize efficiency and seek to optimize their supply chains, B2B e-commerce platforms are becoming an essential tool for managing procurement in sectors such as manufacturing, retail, and healthcare. This demand for streamlined procurement is contributing substantially to the expansion of the UK B2B e-commerce market.

Expansion of Cross-Border Trade

The rising trend of cross-border trade is another key driver of the UK B2B e-commerce market. As per the World Integrated Trade Solution, international trade exports from the UK made up 28.82% of its GDP in 2021. As businesses seek to expand their global footprint, B2B e-commerce platforms offer a convenient way to facilitate international trade. They help connect businesses to a vast network of suppliers and customers overseas. This gives them access to new markets and a higher sales potential. E-commerce platforms are also integrating a variety of payment gateways and currency conversion tools within their framework, further simplifying the process for UK businesses seeking to trade with their international partners. Furthermore, the technological progress in logistics and shipping solutions is now diversifying the way organizations manage cross-border supply chains. With the support of digital platforms, businesses are able to efficiently navigate the complexities of international trade. This ease of accessing global markets is driving many UK businesses to adopt B2B e-commerce solutions, propelling market growth. The new trade environment after Brexit has also driven businesses to look at fresh trade opportunities, increasing the growth of cross-border B2B e-commerce in the UK.

UK B2B E-commerce Market News:

• 22 March 2024: UK fashion brand NEXT has granted franchise rights to Indian fashion e-commerce company Myntra. Under the terms of this partnership, the B2B division of Myntra will launch NEXT outlets in India.

UK B2B E-commerce Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on deployment type and application.

Deployment Type Insights:

• Supplier-Oriented
• Buyer-Oriented
• Intermediary-Oriented
   

The report has provided a detailed breakup and analysis of the market based on the deployment type. This includes supplier-oriented, buyer-oriented, and intermediary-oriented.

Application Insights:

• Home and Kitchen
• Consumer Electronics
• Industrial and Science
• Healthcare
• Clothing
• Beauty and Personal Care
• Sports Apparel
• Books and Stationery
• Automotive
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes home and kitchen, consumer electronics, industrial and science, healthcare, clothing, beauty and personal care, sports apparel, books and stationery, automotive, and others.

Regional Insights:

• London
• South East
• North West
• East of England
• South West
• Scotland
• West Midlands
• Yorkshire and The Humber
• East Midlands
• Others
   

The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

UK B2B E-commerce Market Report Coverage:

Key Questions Answered in This Report:

• How has the UK B2B e-commerce market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the UK B2B e-commerce market?
• What is the breakup of the UK B2B e-commerce market on the basis of deployment type?
• What is the breakup of the UK B2B e-commerce market on the basis of application?
• What are the various stages in the value chain of the UK B2B e-commerce market? 
• What are the key driving factors and challenges in the UK B2B e-commerce?
• What is the structure of the UK B2B e-commerce market and who are the key players?
• What is the degree of competition in the UK B2B e-commerce market? 

 Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK B2B e-commerce market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the UK B2B e-commerce market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK B2B e-commerce industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.