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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.


PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 08: MARKET SEGMENTATION BY EQUIPMENT
Market segmentation by equipment
Comparison by equipment
Construction - Market size and forecast 2018-2023
Transportation - Market size and forecast 2018-2023
Agriculture - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by equipment
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: 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
PART 11: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 12: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Euro Auctions UK Ltd.
Machinery Auctioneers
Proxibid Inc.
Ritchie Bros. Auctioneers Inc.
Sandhills Global Inc.
PART 13: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 14: EXPLORE TECHNAVIO
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global auction market
Exhibit 03: Segments of global auction market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Customer landscape
Exhibit 19: Market share by geography 2018-2023 (%)
Exhibit 20: Geographic comparison
Exhibit 21: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: North America - Year-over-year growth 2019-2023 (%)
Exhibit 23: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 25: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 27: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 29: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: South America - Year-over-year growth 2019-2023 (%)
Exhibit 31: Key leading countries
Exhibit 32: Market opportunity
Exhibit 33: Equipment - Market share 2018-2023 (%)
Exhibit 34: Comparison by equipment
Exhibit 35: Construction - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: Construction - Year-over-year growth 2019-2023 (%)
Exhibit 37: Transportation - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: Transportation - Year-over-year growth 2019-2023 (%)
Exhibit 39: Agriculture - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: Agriculture - Year-over-year growth 2019-2023 (%)
Exhibit 41: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: Others - Year-over-year growth 2019-2023 (%)
Exhibit 43: Market opportunity by equipment
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Euro Auctions UK Ltd. - Vendor overview
Exhibit 51: Euro Auctions UK Ltd. - Business segments
Exhibit 52: Euro Auctions UK Ltd. - Organizational developments
Exhibit 53: Euro Auctions UK Ltd. - Key offerings
Exhibit 54: Machinery Auctioneers - Vendor overview
Exhibit 55: Machinery Auctioneers - Business segments
Exhibit 56: Machinery Auctioneers - Key offerings
Exhibit 57: Proxibid Inc. - Vendor overview
Exhibit 58: Proxibid Inc. - Business segments
Exhibit 59: Proxibid Inc. - Organizational developments
Exhibit 60: Proxibid Inc. - Key offerings
Exhibit 61: Ritchie Bros. Auctioneers Inc. - Vendor overview
Exhibit 62: Ritchie Bros. Auctioneers Inc. - Business segments
Exhibit 63: Ritchie Bros. Auctioneers Inc. - Organizational developments
Exhibit 64: Ritchie Bros. Auctioneers Inc. - Geographic focus
Exhibit 65: Ritchie Bros. Auctioneers Inc. - Segment focus
Exhibit 66: Ritchie Bros. Auctioneers Inc. - Key offerings
Exhibit 67: Sandhills Global Inc. - Vendor overview
Exhibit 68: Sandhills Global Inc. - Business segments
Exhibit 69: Sandhills Global Inc. - Organizational developments
Exhibit 70: Sandhills Global Inc. - Key offerings
Exhibit 71: Validation techniques employed for market sizing
Exhibit 72: Definition of market positioning of vendors

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