Online auction market size to grow by USD 2.50613 billion from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Feb. 9, 2023 /PRNewswire/ -- The global online auction market size is estimated to increase by USD 2.50613 billion between 2022 and 2027. The market's growth momentum will accelerate at a CAGR of 11.35%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Discover some insights on the market before buying the full report -Request a sample report

Online auction market – Vendor analysis
Vendor offerings -

• Auction Technology Group Plc - The company offers a wide range of online auction services under the brand name Proxibid.
• eBay Inc. - The company offers a wide range of online auction services under the brand name eBay.
• UKauctioneers.com - The company offers online auction services for residential and commercial properties on behalf of both private individuals and corporate clients across the UK.
• Auction House UK Ltd. - The company operates online property auctions.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global online auction market is fragmented, with the presence of several vendors. A few prominent vendors that offer online auctions in the market are A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, Biddingo.com, Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., UKauctioneers.com, U.S. Auction Online, Webstore.com, West Auctions Inc., Williams and Williams Marketing Services Inc., Wilsons Auctions Ltd., BCL Auction, Sotheby's and others.

The global online auction market is highly competitive. The vendors compete based on the bidding price of products that are on auction. The level of competition is expected to intensify during the forecast period. Vendors invest in designing, planning, developing, branding, and expanding their existing products and services and acquiring new players. To survive in the competitive market, vendors must develop new ideas and technologies and stay up-to-date with the emerging technologies and trends that could influence their service lines.

Online auction market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Online auction market - Segmentation assessment

Segment overview
Technavio has segmented the market based on product (collectibles, electronics, artistic goods, jewelry, and others) and platform (web-based and application-based). 

• The collectibles segment will account for a significant share of the market's growth during the forecast period. Some of the popular collectibles are Coca-Cola ads, baseball cards, Elvis Presley memorabilia, first edition books, rare maps, postcards, ancient coins, world stamps, hunting decoys and sporting knives, wartime collectibles/memorabilia from World War I (WWI) and World War II (WWII), and vintage designer handbags and accessories. The growth of this segment is attributed to factors such as the limited supply of collectibles and high investments by customers. Thus, the growing popularity of collectibles as online auctionable items is expected to drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global online auction market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global online auction market.

• North America is estimated to account for 41% of the growth of the global market during the forecast period. The growth of the market in the region is attributed to factors such as the increase in the number of time-strapped and cost-conscious consumers. In addition, the presence of leading vendors in North America will also accelerate the growth of the online auction market during the forecast period.

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Online auction market – Market dynamics

Leading drivers - The ease of bidding is driving the growth of the market. Online auctions provide flexibility in terms of time and place, which helps users save costs. Companies upload images and videos of their products on their websites. Users can compare prices and product quality before taking part in the bidding process. This eliminates the need for agents, brokers, or middlemen, which makes the bidding process easier. These factors will fuel the growth of the market during the forecast period.

Key trends - The emergence of AI-based online auctions is a key trend in the market. The popularity of artificial intelligence (AI)-based online auctions is increasing. The use of AI helps reduce administrative costs. It automates processes such as internal operations, customer-based service inquiries, packaging of purchased industrial equipment, and delivery. AI also helps provide accuracy to voice-activated searches. The use of AI-based tools in online auctions helps attract more customers, which, in turn, will enhance the growth prospects in the market during the forecast period.

Major challenges - Concerns related to fraudulent activities in online auctions will challenge the online auction market during the forecast period. Bid rigging is a major type of fraud in online auctions, especially during the online auction of assets such as automobiles and construction equipment. Moreover, online auctioneers often post fake images, ambiguous descriptions, and incorrect facts about products being sold. The increase in such activities can restrict the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this online auction market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the online auction market between 2023 and 2027
• Precise estimation of the size of the online auction market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the online auction market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of online auction market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global online auction market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global online auction market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Platform Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Platform Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Collectibles - Market size and forecast 2022-2027
• Exhibit 34: Chart on Collectibles - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Collectibles - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Collectibles - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Collectibles - Year-over-year growth 2022-2027 (%)

• 6.4 Electronics - Market size and forecast 2022-2027
• Exhibit 38: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Electronics - Year-over-year growth 2022-2027 (%)

• 6.5 Artistic goods - Market size and forecast 2022-2027
• Exhibit 42: Chart on Artistic goods - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Artistic goods - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Artistic goods - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Artistic goods - Year-over-year growth 2022-2027 (%)

• 6.6 Jewelry - Market size and forecast 2022-2027
• Exhibit 46: Chart on Jewelry - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Jewelry - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Jewelry - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Jewelry - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)

7 Market Segmentation by Platform

• 7.1 Market segments 
• Exhibit 55: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Platform - Market share 2022-2027 (%)

• 7.2 Comparison by Platform 
• Exhibit 57: Chart on Comparison by Platform
• Exhibit 58: Data Table on Comparison by Platform

• 7.3 Web-based - Market size and forecast 2022-2027
• Exhibit 59: Chart on Web-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Web-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Web-based - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Web-based - Year-over-year growth 2022-2027 (%)

• 7.4 Application-based - Market size and forecast 2022-2027
• Exhibit 63: Chart on Application-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Application-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Application-based - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Application-based - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Platform 
• Exhibit 67: Market opportunity by Platform ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 A One Salasar Pvt. Ltd 
• Exhibit 120: A One Salasar Pvt. Ltd - Overview
• Exhibit 121: A One Salasar Pvt. Ltd - Product / Service
• Exhibit 122: A One Salasar Pvt. Ltd - Key offerings

• 12.4 Auction House UK Ltd. 
• Exhibit 123: Auction House UK Ltd. - Overview
• Exhibit 124: Auction House UK Ltd. - Product / Service
• Exhibit 125: Auction House UK Ltd. - Key offerings

• 12.5 Auction Technology Group Plc 
• Exhibit 126: Auction Technology Group Plc - Overview
• Exhibit 127: Auction Technology Group Plc - Business segments
• Exhibit 128: Auction Technology Group Plc - Key offerings
• Exhibit 129: Auction Technology Group Plc - Segment focus

• 12.6 Biddingo.com 
• Exhibit 130: Biddingo.com - Overview
• Exhibit 131: Biddingo.com - Product / Service
• Exhibit 132: Biddingo.com - Key offerings

• 12.7 Catawiki BV 
• Exhibit 133: Catawiki BV - Overview
• Exhibit 134: Catawiki BV - Product / Service
• Exhibit 135: Catawiki BV - Key offerings

• 12.8 eBay Inc. 
• Exhibit 136: eBay Inc. - Overview
• Exhibit 137: eBay Inc. - Product / Service
• Exhibit 138: eBay Inc. - Key news
• Exhibit 139: eBay Inc. - Key offerings

• 12.9 eBid Ltd. 
• Exhibit 140: eBid Ltd. - Overview
• Exhibit 141: eBid Ltd. - Product / Service
• Exhibit 142: eBid Ltd. - Key offerings

• 12.10 eCRATER 
• Exhibit 143: eCRATER - Overview
• Exhibit 144: eCRATER - Product / Service
• Exhibit 145: eCRATER - Key offerings

• 12.11 Invaluable LLC 
• Exhibit 146: Invaluable LLC - Overview
• Exhibit 147: Invaluable LLC - Product / Service
• Exhibit 148: Invaluable LLC - Key offerings

• 12.12 John Pye and Sons Ltd. 
• Exhibit 149: John Pye and Sons Ltd. - Overview
• Exhibit 150: John Pye and Sons Ltd. - Product / Service
• Exhibit 151: John Pye and Sons Ltd. - Key offerings

• 12.13 Liquidity Services Inc. 
• Exhibit 152: Liquidity Services Inc. - Overview
• Exhibit 153: Liquidity Services Inc. - Business segments
• Exhibit 154: Liquidity Services Inc. - Key offerings
• Exhibit 155: Liquidity Services Inc. - Segment focus

• 12.14 SDL Auctions Ltd. 
• Exhibit 156: SDL Auctions Ltd. - Overview
• Exhibit 157: SDL Auctions Ltd. - Key offerings

• 12.15 Webstore.com 
• Exhibit 158: Webstore.com - Overview
• Exhibit 159: Webstore.com - Product / Service
• Exhibit 160: Webstore.com - Key offerings

• 12.16 Williams and Williams Marketing Services Inc.
• Exhibit 161: Williams and Williams Marketing Services Inc. - Overview
• Exhibit 162: Williams and Williams Marketing Services Inc. - Product / Service
• Exhibit 163: Williams and Williams Marketing Services Inc. - Key offerings

• 12.17 Wilsons Auctions Ltd. 
• Exhibit 164: Wilsons Auctions Ltd. - Overview
• Exhibit 165: Wilsons Auctions Ltd. - Product / Service
• Exhibit 166: Wilsons Auctions Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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