Hard Asset Equipment Online Auction Market to grow at a CAGR of 21.55%, Driven by Shift In Preference Toward Online Auctioning From Conventional Auctioning- Technavio

NEW YORK, Aug. 30, 2022 /PRNewswire/ -- The hard asset equipment online auction market size is set to grow by USD 2.12 billion from 2021 to 2026, progressing at a CAGR of 21.55% according to Technavio. The key factor driving the global hard asset equipment online auction market growth is the shift in preference toward online auctioning from conventional auctioning. Online auction is convenient to bidders in terms of time, place, and cost, and also eliminates the need for physical presence. Online auction provides transparency to bidders, which helps in improving trust among users. In addition, some of the online auction websites also offer a preview of the equipment to be auctioned weeks before the auction date, which provides potential bidders time to review equipment reports. The online auction offers the opportunity for bidders for bargaining with sellers or auctioneers during the auction. This eliminates the profits made by agents, brokers, or middlemen, eventually making the process easy, which will support the market growth during the forecast period.

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 Our hard asset equipment online auction market report covers the following areas:

• Hard Asset Equipment Online Auction Market size
• Hard Asset Equipment Online Auction Market trends
• Hard Asset Equipment Online Auction Market industry analysis

The hard asset equipment online auction market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 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, J.J. 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 B.V., Terra Point LLC, WCA Inc., and WorldNet Auctions Inc. are some of the major market participants.

• Proxibid Inc. - The company offers hard asset equipment online auctions such as arm machinery, equipment, and tractors.
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• Product
• Construction
• Transportation
• Agriculture
• Others
• Revenue Generating Segment - The hard asset equipment online auction market share growth by the construction segment will be significant for revenue generation. The significant increase in the investments in infrastructure projects owing to the rapidly rising population and growing regulatory support from various government bodies for building projects will drive the segment growth in the coming years.
• Geography
• North America
• Europe
• APAC
• The Middle East And Africa
• South America
• Regional Highlights - 55% of the market's growth will originate from North America during the forecast period. The US is the key market for hard asset equipment online auctions in North America. However, market growth in this region will be slower than the growth of the market in other regions. The significant increase in investments in infrastructural activities in countries such as the US and Canada will facilitate the hard asset equipment online auction market growth in North America over the forecast period.

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• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist hard asset equipment online auction market growth during the next five years
• Estimation of the hard asset equipment online auction market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the hard asset equipment online auction market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hard asset equipment online auction market vendors

The competitive scenario provided in the Hard Asset Equipment Online Auction Market Report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Hard Asset Equipment Online Auction Market Forecast Report - Buy Now!

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• 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 Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

• 5.1 Market segments
• Exhibit 24: Chart on Product Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product Type - Market share 2021-2026 (%)

• 5.2 Comparison by Product Type
• Exhibit 26: Chart on Comparison by Product Type
• Exhibit 27: Data Table on Comparison by Product Type

• 5.3 Construction - Market size and forecast 2021-2026
• Exhibit 28: Chart on Construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Construction - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Construction - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Construction - Year-over-year growth 2021-2026 (%)

• 5.4 Transportation - Market size and forecast 2021-2026
• Exhibit 32: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Transportation - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Transportation - Year-over-year growth 2021-2026 (%)

• 5.5 Agriculture - Market size and forecast 2021-2026
• Exhibit 36: Chart on Agriculture - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Agriculture - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Agriculture - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Agriculture - Year-over-year growth 2021-2026 (%)

• 5.6 Others - Market size and forecast 2021-2026
• Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Product Type
• Exhibit 44: Market opportunity by Product Type ($ million)

• 6.1 Customer landscape overview
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

• 7.1 Geographic segmentation
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 90: Market opportunity by geography ($ million)

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 94: Impact of key risks on business

• 10.1 Vendors covered
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Absolute Auctions and Realty Inc.
• Exhibit 97: Absolute Auctions and Realty Inc. - Overview
• Exhibit 98: Absolute Auctions and Realty Inc. - Product / Service
• Exhibit 99: Absolute Auctions and Realty Inc. - Key offerings

• 10.4 Alex Lyon and Son Sales Managers and Auctioneers Inc.
• Exhibit 100: Alex Lyon and Son Sales Managers and Auctioneers Inc. - Overview
• Exhibit 101: Alex Lyon and Son Sales Managers and Auctioneers Inc. - Product / Service
• Exhibit 102: Alex Lyon and Son Sales Managers and Auctioneers Inc. - Key offerings

• 10.5 Euro Auctions UK Ltd.
• Exhibit 103: Euro Auctions UK Ltd. - Overview
• Exhibit 104: Euro Auctions UK Ltd. - Product / Service
• Exhibit 105: Euro Auctions UK Ltd. - Key offerings

• 10.6 Hess Auction Group
• Exhibit 106: Hess Auction Group - Overview
• Exhibit 107: Hess Auction Group - Product / Service
• Exhibit 108: Hess Auction Group - Key offerings

• 10.7 MachineWeb Inc.
• Exhibit 109: MachineWeb Inc. - Overview
• Exhibit 110: MachineWeb Inc. - Product / Service
• Exhibit 111: MachineWeb Inc. - Key offerings

• 10.8 Proxibid Inc.
• Exhibit 112: Proxibid Inc. - Overview
• Exhibit 113: Proxibid Inc. - Product / Service
• Exhibit 114: Proxibid Inc. - Key offerings

• 10.9 Ritchason Auctioneers Inc.
• Exhibit 115: Ritchason Auctioneers Inc. - Overview
• Exhibit 116: Ritchason Auctioneers Inc. - Product / Service
• Exhibit 117: Ritchason Auctioneers Inc. - Key offerings

• 10.10 Ritchie Bros. Auctioneers Inc.
• Exhibit 118: Ritchie Bros. Auctioneers Inc. - Overview
• Exhibit 119: Ritchie Bros. Auctioneers Inc. - Business segments
• Exhibit 120: Ritchie Bros. Auctioneers Inc. - Key offerings
• Exhibit 121: Ritchie Bros. Auctioneers Inc. - Segment focus

• 10.11 WCA Inc.
• Exhibit 122: WCA Inc. - Overview
• Exhibit 123: WCA Inc. - Product / Service
• Exhibit 124: WCA Inc. - Key offerings

• 10.12 WorldNet Auctions Inc.
• Exhibit 125: WorldNet Auctions Inc. - Overview
• Exhibit 126: WorldNet Auctions Inc. - Product / Service
• Exhibit 127: WorldNet Auctions Inc. - Key offerings

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 128: Inclusions checklist
• Exhibit 129: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 130: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 131: Research methodology
• Exhibit 132: Validation techniques employed for market sizing
• Exhibit 133: Information sources

• 11.5 List of abbreviations
• Exhibit 134: List of abbreviations

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 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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SOURCE Technavio