Durable Equipment Online Auction Market Expected to Grow at a CAGR of 21.55%, Driven by Shift in Preference for Online Auctions Over Conventional Auctions – Technavio


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NEW YORK, August 30, 2022 /PRNewswire/ — The online auction of durable equipment the size should increase by $2.12 billion from 2021 to 2026, progressing to a 21.55% CAGR according to Technavio. The key factor driving the growth of the global online auction of durable goods equipment market is the prefer online auctions to conventional auctions. Online auctions are convenient for bidders in terms of time, location and cost, and also eliminate the need for physical presence. Online auctions provide transparency to bidders, which helps improve trust among users. Additionally, some online auction websites also offer previews of equipment up for auction weeks before the auction date, giving potential bidders time to review equipment reports. . The online auction offers the opportunity for bidders to negotiate with sellers or auctioneers during the auction. This eliminates the profits made by agents, brokers or middlemen, ultimately facilitating the process, which will support the growth of the market over the forecast period.

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The latest market research report titled Hard Asset Equipment Online Auction Market by Product Type and Geography – Forecast and Analysis 2022-2026 has been announced by Technavio, which has been proud to partner with Fortune 500 companies for over 16 years

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Durable Asset Equipment Online Auction Market 2022-2026: Scope

Our report on the online auction of durable asset equipment market covers the following areas:

Durable Asset Equipment Online Auction Market 2022-2026: Vendor Analysis

The online auction market for durable equipment is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. Absolute Auctions and Realty Inc., Alexander Lyons and Son Sales Managers and Auctioneers Inc., AllStar Auctions Inc., Auction Technology Group Plc, Bar None Auction, bidadoo Inc., BPI Auctions Ltd., Bruce Schapansky Auctioneers Inc., Euro Auctions UK Ltd., Hess Auction Group, JJ Kane Associates Inc., Joey Martin Auctioneers LLC, KAR Auction Services Inc., MachineWeb Inc., NetBid Industrie-Auktionen AG, Proxibid Inc., Ritchason Auctioneers Inc., Ritchie Bros.. Auctioneers Inc., Sullivan Auctioneers LLC, TBAuctions BV, Terra Point LLC, WCA Inc. and WorldNet Auctions Inc. are some of the major players in the market.

  • Proxibid Inc. – The company offers online auctions of durable equipment such as hand machines, implements and tractors.

  • To know all the offers of the main suppliers – Click now!

Durable Asset Equipment Online Auction Market 2022-2026: Segmentation Analysis

  • Product

  • Revenue Generating Segment – The growth of the online auction market share of durable asset equipment by the building segment will be important for revenue generation. Significant increase in investment in infrastructure projects due to rapid increase in population and increasing regulatory support from various government agencies for construction projects will drive the growth of the segment in the coming years.

  • Geography

  • Regional Highlights – 55% of market growth will come from North America during the forecast period. The United States is the key market for online auctions of durable equipment in North America. However, market growth in this region will be slower than market growth in other regions. The significant increase in investment in infrastructure business in countries such as the United States and Canada will facilitate the growth of the online durable equipment auction market in North America over the forecast period.

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Durable Asset Equipment Online Auction Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the online auction of durable goods equipment market over the next five years

  • Estimation of the size of the online auction of durable asset equipment market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the durable equipment online auction market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Complete details of the factors that will challenge the growth of the Durable Goods Equipment Online Auction Market vendors

The competitive scenario predicted in the Sustainable Asset Equipment Online Auction Market Report analyzes, evaluates and positions companies according to various performance indicators. Some of the factors taken into account for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. your business goals with our Capital Equipment Online Auction Market Forecast Report – Buy now!

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Scope of the Durable Asset Equipment Online Auction Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 21.55%

Market Growth 2022-2026

$2.12 billion

Market structure

Fragmented

Annual growth (%)

20.88

Regional analysis

North America, Europe, APAC, Middle East and Africa and South America

Successful market contribution

55% North America

Main consumer countries

United States, China, Germany, United Kingdom and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Absolute Auctions and Realty Inc., Alex Lyon and Son Sales Managers and Auctioneers Inc., AllStar Auctions Inc., Auction Technology Group Plc, Bar None Auction, bidadoo Inc., BPI Auctions Ltd., Bruce Schapansky Auctioneers Inc., Euro Auctions UK Ltd., Hess Auction Group, JJ Kane Associates Inc., Joey Martin Auctioneers LLC, KAR Auction Services Inc., MachineWeb Inc., NetBid Industrie-Auktionen AG, Proxibid Inc., Ritchason Auctioneers Inc., Ritchie Bros. Auctioneers Inc., Sullivan Auctioneers LLC, TBAuctions BV, Terra Point LLC, WCA Inc. and WorldNet Auctions Inc.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
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UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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