For more insights on the market share of various regions - Download a FREE Sample Report in minutes!
The online auction market covers the following areas:
Online auction market - Drivers
The online auction market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The report identifies ease of bidding as one of the major factors driving the growth of the market. Also, the emergence of artificial intelligence (AI) to improve the bidding process will be crucial in fueling the growth of the market over the forecast period. However, the factors such as a rise in shill bidding during online auctions may impede the market growth
The shift in preference toward online auctioning from conventional auctioning has highly boosted the market. There is an ongoing shift from conventional onsite auctioning to online auctioning, owing to the latter's benefits. Online auctions are convenient for bidders in terms of time, place, and cost. Bidders can easily log into the auctioneer's website and participate in the auction, which eliminates the need for them to be physically present at the auction. Online auctioning helps in connecting sellers directly to buyers, thus eliminating the need to move goods to an auction site. Online auctions provide transparency to bidders, which helps in improving the trust among customers. Bidders can browse through the auctioning website and can gather the details about the products being auctioned. Also, they have the opportunity to research prices and the quality of products as well as compare prices through several images and videos that are available on the online auction website. Online auctions can provide professional inspection reports that detail the product's condition and features to give buyers more accurate information about it. Some online auction websites also offer a preview of the product to be auctioned weeks before the auction date, which provides potential bidders time to review the product-related reports.
To get complete information about drivers along with challenges - Download a free sample now!
Companies Mentioned
- A One Salasar Pvt. Ltd. - The company offers forward auction for unused spares, batteries. It offers reverse auction for construction work, design.
- Auction House UK Ltd. - The company offers online property auctions with online bidding.
- Auction Network - The company offers online auctions to consumers in North America.
- Auction Technology Group - The company offers auctions for agricultural machinery and classic cars through the brand proxibid. It offers an auction of industrial machinery through the brand BidSpotter.com.
- Biddingo.com - The company offers online auctions for irrigation systems, harvesters in the Agricultural Equipment category. It offers an auction of storage of autos, towing in the Automotive Services Category.
- To know about all major vendors with their key offerings - Download a free sample now!
Online auction market - Segmentation
The Online Auction Market is segmented by Product (Collectibles, Electronics, Artistic goods, Jewelry, and Others) and Geography (North America, Europe, APAC, South America, and MEA).
Technavio report 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.
Subscribe to our "Lite Plan" billed annually at USD 3000 to join a community, who are eligible to view 3 reports monthly and download 3 reports annually.
Related Reports:
VR Gambling Market -The virtual reality (VR) gambling market share is expected to increase by USD 1.74 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 53.13%. Download a free sample now!
Lottery Market in US -The lottery market share in US is expected to increase by USD 27.90 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.96%. Download a free sample now!
Online Auction Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.92% |
Market growth 2021-2025 |
USD 1.61 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.23 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, China, UK, France, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
A One Salasar Pvt. Ltd., Auction House UK Ltd., Auction Network, Auction Technology Group, Biddingo.com, Bonanza Portfolio Ltd., Catawiki BV, eBay Inc., eBid Ltd., and Webstore.com |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Collectibles - Market size and forecast 2020-2025
- Electronics - Market size and forecast 2020-2025
- Artistic goods - Market size and forecast 2020-2025
- Jewelry - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- A One Salasar Pvt. Ltd.
- Auction House UK Ltd.
- Auction Network
- Auction Technology Group
- Biddingo.com
- Bonanza Portfolio Ltd.
- Catawiki BV
- eBay Inc.
- eBid Ltd.
- Webstore.com
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article