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Market Research Report

Hard Asset Equipment Online Auction Market by Equipment and Geography - Global Forecast and Analysis 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 910221
Published Content info 136 Pages
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Hard Asset Equipment Online Auction Market by Equipment and Geography - Global Forecast and Analysis 2019-2023
Published: September 3, 2019 Content info: 136 Pages
Description

About this market

Technavio's hard asset equipment online auction market analysis considers sales from construction, transportation, agriculture, and other equipment . Our analysis also considers the sales of hard asset equipment online auction in APAC, Europe, North America, South America, and MEA. In 2018, the construction segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising population and rising short-term investments in limited-time projects will play a significant role in the construction segment to maintain its market position. Also, our global hard asset equipment online auction market report looks at factors such as the shift in preference toward online auctioning from conventional auctioning, rise in demand for used equipment auctions, and rise in government surplus asset auctions. However, rise in shill bidding during hard asset equipment auction, increasing competition from substitute services, and concerns related to fraudulent activities in hard asset equipment online auction may hamper the growth of the hard asset equipment online auction industry over the forecast period.

Overview

The rise in government surplus asset auctions

Online auctions are widely used by governments across the world to sell their surplus inventory, including hard assets such as equipment and vehicles, to drive down inventory management costs and procurement costs. Surplus asset auctions offer government agencies to increase their revenue as well. Some of the government agencies are also using commercial auction websites for auctioning their surplus assets. For instance, in September 2018, National Purchasing Partners Government Division in the US announced a new government auction services contract with GovDeals. This rise in government surplus asset auctions will lead the expansion of global hard asset equipment online auction market at a CAGR of over 20% during the forecast period.

The emergence of AI-based online auctions

Artificial Intelligence (AI) platforms use machine learning and algorithm, to deliver clear, easy, actionable intelligence to bidders. The integration of AI also helps reduce administration costs by automating various processes. Several vendors are developing voice search technology for online auctions. The use of AI-based tools in hard asset equipment online auction is expected to attract several customers in the forthcoming years. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global hard asset equipment online auction market during the forecast period 2019-2023, view our report.

Competitive Landscape

With the presence of several major players, the global hard asset equipment online auction market is highly fragmented. Technavio's 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 manufacturers, that include Euro Auctions UK Ltd., Machinery Auctioneers, Proxibid Inc., Ritchie Bros. Auctioneers Inc., Sandhills Global Inc.

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 on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR31982

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 08: MARKET SEGMENTATION BY EQUIPMENT

  • Market segmentation by equipment
  • Comparison by equipment
  • Construction - Market size and forecast 2018-2023
  • Transportation - Market size and forecast 2018-2023
  • Agriculture - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by equipment

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Increase in retirement auctions of hard assets
  • Emergence of AI-based online auctions
  • Growing participation of overseas buyers
  • Rising strategic partnerships
  • Growing popularity of mobile auctioning

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Euro Auctions UK Ltd.
  • Machinery Auctioneers
  • Proxibid Inc.
  • Ritchie Bros. Auctioneers Inc.
  • Sandhills Global Inc.

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

LIST OF EXHIBITS:

  • Exhibit 01: Vendors: Key offerings
  • Exhibit 02: Global auction market
  • Exhibit 03: Segments of global auction market
  • Exhibit 04: Market characteristics
  • Exhibit 05: Market segments
  • Exhibit 06: Market definition - Inclusions and exclusions checklist
  • Exhibit 07: Market size 2018
  • Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
  • Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 10: Five forces analysis 2018
  • Exhibit 11: Five forces analysis 2023
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2018
  • Exhibit 18: Customer landscape
  • Exhibit 19: Market share by geography 2018-2023 (%)
  • Exhibit 20: Geographic comparison
  • Exhibit 21: North America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 22: North America - Year-over-year growth 2019-2023 (%)
  • Exhibit 23: Europe - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 24: Europe - Year-over-year growth 2019-2023 (%)
  • Exhibit 25: APAC - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 26: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 27: MEA - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 28: MEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 29: South America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 30: South America - Year-over-year growth 2019-2023 (%)
  • Exhibit 31: Key leading countries
  • Exhibit 32: Market opportunity
  • Exhibit 33: Equipment - Market share 2018-2023 (%)
  • Exhibit 34: Comparison by equipment
  • Exhibit 35: Construction - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 36: Construction - Year-over-year growth 2019-2023 (%)
  • Exhibit 37: Transportation - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 38: Transportation - Year-over-year growth 2019-2023 (%)
  • Exhibit 39: Agriculture - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 40: Agriculture - Year-over-year growth 2019-2023 (%)
  • Exhibit 41: Others - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 42: Others - Year-over-year growth 2019-2023 (%)
  • Exhibit 43: Market opportunity by equipment
  • Exhibit 44: Impact of drivers and challenges
  • Exhibit 45: Vendor landscape
  • Exhibit 46: Landscape disruption
  • Exhibit 47: Vendors covered
  • Exhibit 48: Vendor classification
  • Exhibit 49: Market positioning of vendors
  • Exhibit 50: Euro Auctions UK Ltd. - Vendor overview
  • Exhibit 51: Euro Auctions UK Ltd. - Business segments
  • Exhibit 52: Euro Auctions UK Ltd. - Organizational developments
  • Exhibit 53: Euro Auctions UK Ltd. - Key offerings
  • Exhibit 54: Machinery Auctioneers - Vendor overview
  • Exhibit 55: Machinery Auctioneers - Business segments
  • Exhibit 56: Machinery Auctioneers - Key offerings
  • Exhibit 57: Proxibid Inc. - Vendor overview
  • Exhibit 58: Proxibid Inc. - Business segments
  • Exhibit 59: Proxibid Inc. - Organizational developments
  • Exhibit 60: Proxibid Inc. - Key offerings
  • Exhibit 61: Ritchie Bros. Auctioneers Inc. - Vendor overview
  • Exhibit 62: Ritchie Bros. Auctioneers Inc. - Business segments
  • Exhibit 63: Ritchie Bros. Auctioneers Inc. - Organizational developments
  • Exhibit 64: Ritchie Bros. Auctioneers Inc. - Geographic focus
  • Exhibit 65: Ritchie Bros. Auctioneers Inc. - Segment focus
  • Exhibit 66: Ritchie Bros. Auctioneers Inc. - Key offerings
  • Exhibit 67: Sandhills Global Inc. - Vendor overview
  • Exhibit 68: Sandhills Global Inc. - Business segments
  • Exhibit 69: Sandhills Global Inc. - Organizational developments
  • Exhibit 70: Sandhills Global Inc. - Key offerings
  • Exhibit 71: Validation techniques employed for market sizing
  • Exhibit 72: Definition of market positioning of vendors
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