PUBLISHER: TechNavio | PRODUCT CODE: 1777155
PUBLISHER: TechNavio | PRODUCT CODE: 1777155
The hard asset equipment online auction market is forecasted to grow by USD 5,378.7 mn during 2024-2029, accelerating at a CAGR of 28.9% during the forecast period. The report on the hard asset equipment online auction market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift in preference toward online auctioning from conventional auctioning, raising demand for hard asset equipment in construction industry, and rise in government surplus asset auctions.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 23.5% |
CAGR | 28.9% |
Incremental Value | $5,378.7 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's hard asset equipment online auction market is segmented as below:
By Product Type
By Application
By Type
By Geographical Landscape
This study identifies the emergence of ai-based online auctions as one of the prime reasons driving the hard asset equipment online auction market growth during the next few years. Also, growing participation of overseas buyers and growing popularity of mobile auctioning will lead to sizable demand in the market.
The report on the hard asset equipment online auction market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hard asset equipment online auction market vendors that include Absolute Auctions and Realty Inc., Alex Lyon and Son Sales Managers and Auctioneers Inc., AllStar Auctions Inc., Asset Auctions, Auction Technology Group PLC, Bar None Auction, bidadoo Inc., BPI Auctions Ltd., Bruce Schapansky Auctioneers Inc., Euro Auctions UK Ltd., Heritage Global Inc., Hess Auction Group, Joey Martin Auctioneers LLC, MachineWeb Inc., NetBid Industrie Auktionen AGf, Perfection Global LLC, Ritchason Auctioneers Inc., Ritchie Bros. Auctioneers Inc., Sullivan Auctioneers LLC, and TBAuctions B.V.. Also, the hard asset equipment online auction market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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