As per a research published in Fortune Business Insights, the global consumer market size in 2019 was USD 729. 11 billion. And the impact of COVID-19 on the world has been confounding and unparalleled and the consumer witnessed a negative demand shock almost across all regions despite the pandemic.
Based on the analysis by the researchers, the market was predicted to exhibit a decline of -5.5% in 2020. But it is also assumed that the market will grow from USD 698.45 billion in 2020 to USD 989.37 billion in 2027 at a CAGR of 5.3% between the years 2020 – 2027.
The rise in the CAGR is because of the market demand and growth and because of returning to the pre-pandemic level.
Table of Contents
What Are The Statistics OF Consumer Electronics Worldwide?
According to Statista consumer electronics worldwide will have a drastic change. The revenue in the consumer electronic market amounted to almost USD 1028.00 billion in 2023 and is expected to grow annually by a CAGR of 2.32% between 2023- 2028.
The largest segment of the market might be Telephony with a volume of USD 498.30 billion in 2023. As per the global compression, most revenue is generated by China in 2023 followed by the United States, India, Japan, and Brazil.
Almost 45.9% of revenue in the consumer electronic market will be generated through online sales by 2023. And the average volume per person in the consumer electronic market will be expected to sum to 1.08 pieces in 2023.
According to another research on the consumer electronics market, it is expected that the market will hit USD 1.13 trillion by 2023 at a compound CAGR of 5.1% during the forecast period 2022 – 2030.
Top 10 B2B Marketplace For Electronics In 2024
1. eWorldTrade
eWorldTrade is one of the leading b2b marketplaces at the current time. The marketplace has made itself prominent and quite popular in a very short span of time. It then emerged as a new market leader by providing almost everything from simple tools to electronics and other essential equipment. The b2b marketplace is catering to over 500,000+ users on the platform and has been working to expand its database. With the network expanded in 195 countries, they are being available around the world.
The b2b platform allows the users to buy and sell the items without any problem. It has verified buyers and sellers that left no room for any other problem. Apart from this, it offers the best premium packages to users to generate more sales and become more visible on the platform. eWorldTrade is the finest choice for the ones who want to be successful in their business on national and international levels.
2. Amazon
Amazon or the pioneers of the b2b world is the same. The website is known for offering one of the most user-friendly virtual marketplaces around the world. Amazon is undoubtedly the best when it comes to helping in the international trading business. It is helpful for the one who wants to grow and expand their business in the most efficient way.
Amazon Business is a subsidiary of Amazon that caters specifically to the B2B sector. This specialized division operates in over fourteen countries and also has a highly efficient team that deliver the exceptional services to the clients.
One of the most notable feature of the Amazon Business is the provision of exclusive and quantity based discount which allows the buyers to get more discount on the bulk purchased. More to this, it also offers various shipping options that includes, the Business Prime, free shipping for orders above $25 and Amazon Fulfilment, which delivers to the diverse needs of the users.
3. DH Gate
Another mind –blowing b2b platform for the buyers to find the best electronics items within the best pricing. The platform has a huge variety of Chinese goods. And that is why most of the businesses are joining the platform along with the benefit of problem-free b2b experience.
It amazingly catering more than 2.2 million users at the moment and is helping the buyers to search for the easy solution to make their business more successful and all of this under a single hood. The marketplace has many advantages, such as secure payment options, escrow protection and the most feasible logistic solutions.
4. Made-In-China
You can know the platform by its name that it is China based platform operating by Focus technology. It has a reputable name in the B2B industry. The goods at the platform are Chinese-centric with wide range of categories, including the electronics items whether you want it for residential or commercial use. The pillar idea of the platform is to fulfill the b2b needs and provide a solution that is web-based.
The best thing about the platform is that it is cost-effective which means that you don’t have to pay for heavy subscription charges or joining fee to sign up for the program. And not only this, but it has many other benefits. Buyers at the platform are always free to select any problem with the help of the easily accessible window filled with multiple categories.
5. Ali Baba
Who doesn’t know about Ali Baba? Almost no one, the platform is very popular and has gained a lot of attention in the past decades. It is considered as one of the largest trade group in the b2b industry and has ten more companies affiliated with it.
The leading name Ali Baba gives a lot of opportunities to its users including the sellers and buyers both. Also, it provides the necessary tools that can help them to connect with each other, become more visible to their target audience and expand themselves on national and international level.
6. Global Sources
With over 50 years of experience, Global Sources is a well-established and globally renowned B2B marketplace. The platform offers top-of-the-line solutions to its users, allowing them to connect with legitimate buyers and expand their reach in the international market. Here the buyers can find anything and the sellers can sell anything because of the wide range of product categories, whether it is raw food, electronics, hardware tools, or anything else.
Global Sources provides a user-friendly experience to its customers that allows that the easy access to the products through the “Find Supplier Online” feature. Also, the platform has made a significant change and expand its reach and connect the Asian Market by launching the Global Sources Electronics in 2019.
7. HKTDC
HKTDC is a highly recommended platform for the customers that who are seeking to purchase the high-quality goods in bulk as well as in small quantity. It also provides the users with the option to compare the prices and the minimum purchasing quantities to get the best deal by facilitating direct and easy communication with the suppliers.
HKTDC’s website offers an extensive range of products across various categories, including electronics, health products, agriculture items, toys, and more. The platform prioritizes transparency and build trust with its users and ensure the smooth and hassle-free buying and selling experience for all the parties involved.
8. EC21
EC21 is a popular name in the Asian region and many of the buyers and sellers who are interested in the online b2b environment are using its services. The products on the platform are available easily in their categories, such as you can find everything related to electronics in its own category without any problem.
EC21 is working to go beyond the expectation of the customers. And it also allows the buyers to ask for quotes from the sellers or the manufacturers. Through the platforms, users can conduct fair international and national trade. Also, there are multiple benefits that you can discover by signing up for the b2b marketplace.
9. See Biz
See Biz offers the chance the buyers to shop from the categories to make the process smooth. On this platform, you can find a list of all the brands available at the platform that are being reported as high in quality and good in pricing. It is a place to find anything and everything, from clothing to beauty products to electronics and much more at your expense.
The large variety of products from different industry make the platform first choice of the customers. Although right now it is free for the users which means you don’t have to pay anything to the platform. And to help the wholesaler manage their inventory, they also launched the inventory management app.
10. EC Plaza
Last but not the least, EC Plaza is the perfect place for b2b operators. Over the years, the platform managed to make a good impact in the b2b industry because of its high-quality services. The platform is also help the user with trade consulting and offer EDI services. Not only this, but the marketplace is also helpful for the SMEs guiding them the offline trading methods.
It is the best platform to sell and buy electronic items. And not only this, but it also has a lot of other advantages for the users.
Conclusion
So, these are the top 10 b2b marketplaces for electronics in 2024, all of these platforms are catering to the needs of their users and have the best electronics items from the best sellers. Also, the sellers who want to generate good revenue and expand their electronic business, these marketplaces are best for you.
