PUBLISHER: TechNavio | PRODUCT CODE: 1395470
PUBLISHER: TechNavio | PRODUCT CODE: 1395470
The online auction market is forecasted to grow by USD 3,076.64 mn during 2023-2028, accelerating at a CAGR of 12.36% during the forecast period. The report on the online auction market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift in preference for online auctions from conventional auction model, ease of bidding in online auctions, and rise in online auctioning of government surplus assets.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 10.27% |
CAGR | 12.36% |
Incremental Value | $3076.64mn |
Technavio's online auction market is segmented as below:
By Product
By Platform
By Geographical Landscape
This study identifies the emergence of ai-based online auctions as one of the prime reasons driving the online auction market growth during the next few years. Also, growing participation by overseas buyers and increase in popularity of online auctioning of advertising space will lead to sizable demand in the market.
The report on the online auction market covers the following areas:
The 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 online auction market vendors that include A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, BCL Auction, Biddingo.com, Bonanza Portfolio Ltd., Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., Sothebys, UKauctioneers.com, U.S. Auction Online, Webstore.com, Williams and Williams Marketing Services Inc., and Wilsons Auctions Ltd.. Also, the 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 all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Exhibits: