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

Global Hard Asset Equipment Online Auction Market: 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.

Global Hard Asset Equipment Online Auction Market: 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, click here.

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.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors: Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global auction market
      • Table Segments of global auction market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by equipment
    • Table Equipment - Market share 2018-2023 (%)
    • Comparison by equipment
      • Table Comparison by equipment
    • Construction - Market size and forecast 2018-2023
      • Table Construction - Market size and forecast 2018-2023 ($ millions)
      • Table Construction - Year-over-year growth 2019-2023 (%)
    • Transportation - Market size and forecast 2018-2023
      • Table Transportation - Market size and forecast 2018-2023 ($ millions)
      • Table Transportation - Year-over-year growth 2019-2023 (%)
    • Agriculture - Market size and forecast 2018-2023
      • Table Agriculture - Market size and forecast 2018-2023 ($ millions)
      • Table Agriculture - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by equipment
      • Table Market opportunity by equipment
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Euro Auctions UK Ltd.
      • Table Euro Auctions UK Ltd. - Vendor overview
      • Table Euro Auctions UK Ltd. - Business segments
      • Table Euro Auctions UK Ltd. - Organizational developments
      • Table Euro Auctions UK Ltd. - Key offerings
    • Machinery Auctioneers
      • Table Machinery Auctioneers - Vendor overview
      • Table Machinery Auctioneers - Business segments
      • Table Machinery Auctioneers - Key offerings
    • Proxibid Inc.
      • Table Proxibid Inc. - Vendor overview
      • Table Proxibid Inc. - Business segments
      • Table Proxibid Inc. - Organizational developments
      • Table Proxibid Inc. - Key offerings
    • Ritchie Bros. Auctioneers Inc.
      • Table Ritchie Bros. Auctioneers Inc. - Vendor overview
      • Table Ritchie Bros. Auctioneers Inc. - Business segments
      • Table Ritchie Bros. Auctioneers Inc. - Organizational developments
      • Table Ritchie Bros. Auctioneers Inc. - Geographic focus
      • Table Ritchie Bros. Auctioneers Inc. - Segment focus
      • Table Ritchie Bros. Auctioneers Inc. - Key offerings
    • Sandhills Global Inc.
      • Table Sandhills Global Inc. - Vendor overview
      • Table Sandhills Global Inc. - Business segments
      • Table Sandhills Global Inc. - Organizational developments
      • Table Sandhills Global Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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