Last Updated on April 8, 2023 by Hub Blogging
In the year 2018 in the U.S. alone, total online sales of e-commerce on marketplaces were estimated at $473 billion. According to figures provided by the U.S. Census Bureau In the first quarter of the year, the e-commerce sector made up 9.3 percent of all sales in the United States.
Canada has, for its part is less valuable, however, it is experiencing a massive expansion. As of 2015 Canadian E-commerce revenues were valued at $18.34 billion. By 2021, it is expected to grow by $28.66 billion.
We’ve put together an inventory of marketplaces that are leading on the scene in North America or are growing quickly as emerging business unicorns:
Amazon is the world’s largest online retailer. Apart from serving its primary client the consumer Amazon also serves businesses, developers, retailers and creators of content.
Amazon has markets in 15 countries around the world. Additionally, it has a dedicated marketplace for business ( Amazon Business). Within the U.S. alone, Amazon is predicted to sell $258.22 billion in sales from retail in the year 2018. This represents 49.1 percentage of the total spending on retail online in the United States as well as 5 percent of total retail sales.
Best Buy is a multinational retailer of consumer electronic products, home office items and entertainment software, as well as appliances, and other related services. It runs shops, a call centers and online retail with various brands including Best Buy, Future Shop, Geek Squad, Magnolia Audio Video and Pacific Sales.
In May 5 2018. the firm owned 1355 stores, with 1,140 of them within the U.S. and 215 stores across the globe, in addition to bestbuy.com.
The company saw new record of $2.8 billion worth of U.S. ecommerce sales during the 2017 Christmas season. It was the fifth time in a row when Best Buy’s online sales in the United States over $1 billion.
Bonanza offers an internet-based marketplace which allows its customers to sell anything from electronics to antiques. Bon is like eBay however its focus is on exclusive products. It claims to offer similar items to the ones you can find at a fair, however, almost any item is offered on the website.
The marketplace now consists of more than 20 million items and has more than 4000 sellers. According to stats, they get more than 5 million users per month, which is more than 150,000 visitors a day.
The majority of its customers are American, however 25% of its traffic originates from outside the US. Presently, It’s sellers are from more than 200 countries around the world.
SeeBiz is an online wholesale marketplace and social network for business. It brings together distributors, manufacturers wholesalers, retailers, and manufacturers across the USA through one platform.
SeeBiz is different from other platforms. It is a broad platform that covers many sectors, including food, apparel, and health & beauty, and more.
Furthermore, it features greater than 1000 verified vendors as well as more than 650,000 top-quality products.
EWorldtrade is the fastest-growing B2B marketplace that offers advanced features to its customers. It was specifically made for dealers to ensure that they can reach global new standards. As an entity that is intellectually based It is never afraid to explore possibilities that could be profitable for its business.
Furthermore, eWorldTrade is also famous for its lead up surging. There are many success reports on the Internet which share their experiences with eWorldTrade and the reasons why you should select this platform for your company in comparison to other platforms.
eWorldTrade has grown its business to almost 17 countries worldwide. They’ve created an exclusive site, particularly to China, Taiwan, South Korea, Vietnam, Hong Kong, Germany, UAE, Poland, Turkey, UK, Switzerland, Italy, Belgium, Morocco, Hungary and Singapore.
eBay is Amazon’s primary global rival. It has websites in 24 countries worldwide: U.S., Canada, Austria, Belgium, France, Germany, Ireland, Italy, Netherlands, Poland, Spain, Switzerland, U.K., Australia, China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam.
The 1st quarter 2017 eBay boasts as high as 169 million active customers across its different sites. eBay is also among the most popular online shopping sites within the United States, surpassing 107 million monthly visits in July 2016.
Etsy is an online store which acts in the role of intermediary consumers and crafters, artists and hand-crafted items, or collectors of old-fashioned items. The company is involved in customer to consumer (C2C) or peer-to-peer (P2P) online commerce in which both the seller and buyer are private persons. This differs from other kinds of internet-based commerce like B2C (business to customer) or B2B (business to business).
Etsy is also successful in implementing and managing its mobile strategy effectively. In 2016, nearly half of all visitors to Etsy were on mobile devices and nearly 50% of Etsy’s gross merchandise sales resulted from the use of mobile devices.
Houzz is an online marketplace that offers architecture, interior design, home improvement as well as home improvements. It also provides a cataloged version of living rooms kitchen, bedroom bath, lighting, outdoor, and more.
Houzz is a localized Houzz platform is accessible for UK, Australia, Germany, France, Russia, Japan, Italy and Spain. At the time of 2015’s end, Houzz was also live in Sweden and Denmark and reported more than 35 million unique monthly users, and more than a million professional home owners, including designers, contractors, architects and contractors.
The site is now attracting nearly 30 million unique visitors per month. And now this is the 182nd most visited website across the U.S.
Jet is an online marketplace catering to a range of customers across the 48 U.S. States. Jet is rapidly growing customers that include young and urban customers and adds more than 400,000 people every month.
It employs an algorithm that adjusts prices in real-time dependent on the combination of products. In 2016 Walmart bought Jet at a price of $3.3 billion. However, Jet remains an independent website.
Newegg began as an internet-based retailer for consumer electronics, but it’s expanding its offerings by offering categories like clothing, arts and crafts jewelry, home and garden items.
In the year 2010 Newegg introduced its marketplace, which generated greater than $2.5 billion in sales in the first month. As of the year 2017, it has more than 3 million customers registered and selling to more than 50 countries.
The categories that have the highest year-over-year sales are office equipment, consumer electronic products as well as health and beauty and automobile products.
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