Structure of the Industrial Goods B2B Market in China

The size of China's industrial goods market exceeded 12 trillion yuan in 2021. The size of the MRO market was 2.48 trillion yuan, accounting for 20% of the industrial goods market. The Internet giants have increased their layout in industrial goods. Generally speaking, with constantly improving economic structure, the industrial goods market is facing huge upgrades and reforms, which provides great development space for big platforms involved in the industrial goods B2B market.