Market Overview:
The global auction house market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of online auction houses and rising demand for authenticated and certified collectibles. In terms of type, the online auction house segment is expected to grow at a higher CAGR as compared to the offline segment during the forecast period. This can be attributed to the growing preference for buying goods and services over the internet among consumers across regions.
Product Definition:
An auction house is a business that facilitates the sale of goods or services by offering them up for bid, taking bids, and then selling the goods or services to the highest bidder. The importance of an auction house lies in its ability to provide a neutral space where buyers and sellers can come together to negotiate prices.
Online:
Online is a method of selling and buying items using the internet as a medium. It’s an extension of e-commerce or online commerce, which was initially used for purchasing goods and later on found its application in selling as well. Online auction means that the transaction is done entirely through cyberspace with no presence of any physical person to be able to witness the transaction personally.
Offine:
Offine or off-line betting is a form of online gambling that takes place outside the range of the internet. The bets are placed through SMS, phone calls, emails or in person. It is illegal in most countries but some countries allow it because it falls under the category of interactive computer service and therefore cannot be held accountable for.
The main reason why people engage in offline betting is to avoid being traced while placing their bets from their homes by authorities.
Application Insights:
The personal application segment held the largest share of more than 60.0% in 2017. The rising use of online and offline platforms for purchasing collectables, antiques, and fine art is driving the growth of this segment. Moreover, increasing number of collectors across the globe is also supporting this application segment to maintain its dominance over next few years. Increasing spending on luxury products has created a potential market for online auction houses that are operating in different countries such as China, India and U.S.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to continue its dominance over the forecast period owing to growing investments by companies in China and Japan. Furthermore, increasing personal disposable income levels coupled with a rise in consumer spending on luxury goods is expected to drive regional growth.
Europe accounted for more than 25% share of global revenue in 2017 due to high demand from personal and corporate buyers across countries including Germany, France, Italy and U.K., among others.
North America held a significant market share owing to presence of key auction houses such as Christie's Inc., Sotheby's Holdings Inc.
Growth Factors:
- Increased demand from buyers due to the ease of finding unique and rare items.
- More sellers joining the platforms as they see increased sales and visibility for their products.
- The development of innovative features that make buying and selling easier, such as live auctions and automatic bidding systems.
- Growing popularity of auction house marketplaces among millennials who are drawn to the unique shopping experience it provides .
Scope Of The Report
Report Attributes
Report Details
Report Title
Auction House Market Research Report
By Type
Online, Offine
By Application
Government, Personal, Collecting Company, Other
By Companies
Sotheby, Christie, Nagel, David, Phillips, Poly Group, China Guardian, Bonhams, Yong Xin, Bonhams, Ali
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Auction House Market Report Segments:
The global Auction House market is segmented on the basis of:
Types
Online, Offine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Personal, Collecting Company, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sotheby
- Christie
- Nagel
- David
- Phillips
- Poly Group
- China Guardian
- Bonhams
- Yong Xin
- Bonhams
- Ali
Highlights of The Auction House Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online
- Offine
- By Application:
- Government
- Personal
- Collecting Company
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auction House Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Auction House is a feature in the game that allows players to sell items they have collected.
Some of the major players in the auction house market are Sotheby, Christie, Nagel, David, Phillips, Poly Group, China Guardian, Bonhams, Yong Xin, Bonhams, Ali.
The auction house market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auction House Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auction House Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auction House Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auction House Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auction House Market Size & Forecast, 2018-2028
4.5.1 Auction House Market Size and Y-o-Y Growth
4.5.2 Auction House Market Absolute $ Opportunity
Chapter 5 Global Auction House Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Auction House Market Size Forecast by Type
5.2.1 Online
5.2.2 Offine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Auction House Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Auction House Market Size Forecast by Applications
6.2.1 Government
6.2.2 Personal
6.2.3 Collecting Company
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auction House Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auction House Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Auction House Analysis and Forecast
9.1 Introduction
9.2 North America Auction House Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Auction House Market Size Forecast by Type
9.6.1 Online
9.6.2 Offine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Auction House Market Size Forecast by Applications
9.10.1 Government
9.10.2 Personal
9.10.3 Collecting Company
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Auction House Analysis and Forecast
10.1 Introduction
10.2 Europe Auction House Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Auction House Market Size Forecast by Type
10.6.1 Online
10.6.2 Offine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Auction House Market Size Forecast by Applications
10.10.1 Government
10.10.2 Personal
10.10.3 Collecting Company
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Auction House Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Auction House Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Auction House Market Size Forecast by Type
11.6.1 Online
11.6.2 Offine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Auction House Market Size Forecast by Applications
11.10.1 Government
11.10.2 Personal
11.10.3 Collecting Company
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Auction House Analysis and Forecast
12.1 Introduction
12.2 Latin America Auction House Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Auction House Market Size Forecast by Type
12.6.1 Online
12.6.2 Offine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Auction House Market Size Forecast by Applications
12.10.1 Government
12.10.2 Personal
12.10.3 Collecting Company
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Auction House Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Auction House Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Auction House Market Size Forecast by Type
13.6.1 Online
13.6.2 Offine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Auction House Market Size Forecast by Applications
13.10.1 Government
13.10.2 Personal
13.10.3 Collecting Company
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auction House Market: Competitive Dashboard
14.2 Global Auction House Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sotheby
14.3.2 Christie
14.3.3 Nagel
14.3.4 David
14.3.5 Phillips
14.3.6 Poly Group
14.3.7 China Guardian
14.3.8 Bonhams
14.3.9 Yong Xin
14.3.10 Bonhams
14.3.11 Ali
