Global Hard Asset Equipment Online Auction Market by Type (Construction, Transportation, Agriculture, Other equipment), By Application (B2B, B2C) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global hard asset equipment online auction 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 demand for construction, transportation, and agricultural equipment from businesses and consumers across the globe. Additionally, the growing adoption of online auctions for selling used or surplus equipment is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing these equipments may hamper market growth over the forecast period. The global hard asset equipment online auction market can be segmented on the basis of type into construction, transportation, agriculture, and other equipments. The construction segment is expected to account for a major share of this market during the forecast period owing to increasing demand for infrastructure development globally. The transportation segment is projected to grow at a high rate due its growing application in logistics and supply chain management activities across industries.



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Product Definition:

Auctioning off hard asset equipment is a process by which businesses can liquidate their physical assets in order to receive cash. The importance of doing so lies in the fact that it allows businesses to monetize these assets without having to go through the trouble of finding a buyer themselves. Additionally, online auctions provide an avenue for interested buyers from all over the world to participate, increasing the chances that the business will find a buyer for its equipment.

Construction:

Construction is a service industry that caters to the demand for building, civil, and mechanical engineering works. The global construction market was valued at USD 11.7 trillion in 2016 and is expected to grow at a CAGR of XX% over the forecast period owing to increasing urbanization across emerging economies such as China, India, Brazil among others which are anticipated to drive infrastructure development activities globally.

Transportation:

Transportation and its usage in Hard Asset Equipment Online Auction market is the process of moving goods from one place to another with the help of vehicles. The global transportation industry has been witnessing significant changes over a period of time owing to technological advancements, changing consumer preferences, and economic growth. Transportation & Logistics plays an important role in every business’s life cycle.

Application Insights:

The B2B segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing use of hard assets in construction activities, such as earthmoving & building equipment, heavy-duty machinery and construction chemicals. Factors such as rapid urbanization along with rising demand for infrastructure development are expected to augment the growth of this segment over the forecast period.

The B2C segment is anticipated to exhibit a significant CAGR during the forecast period owing to increased consumer spending on home improvement projects and recreational vehicles coupled with high product demand from second-hand markets including used equipment dealers and auctions held by manufacturers themselves. For instance, according to data published by Recreational Vehicle Industry Association ( RVIA ), sales volume reached nearly 11 million in 2018 which was an increase of more than 2% compared with 2017.

Regional Analysis:

Asia Pacific is expected to register the highest CAGR of XX% from 2018 to 2030. The region has been witnessing rapid growth in infrastructure development, which is driving the demand for heavy machinery including construction equipment and tractors. This can be attributed to increasing government spending on infrastructural projects such as airports, roads and railways in India, China, Japan among other countries.

The growing need for data centers across various industries has led to an increase in IT & telecom equipment sales transactions at online auctions globally. Countries such as the U.S., U.K.

Growth Factors:

Increased demand from businesses for used and surplus equipment due to the current economy.
More people are becoming comfortable with buying items online, which is driving growth in the online auction market for hard assets.
The ability to research and compare prices on similar items before making a purchase is increasing buyer confidence and driving more sales through online auctions platforms.
Auction houses are offering more services such as financing, shipping, and insurance which makes it easier for buyers to complete a transaction without having to go through multiple vendors or service providers. 5) The continued growth of e-commerce will help drive growth in the hard asset equipment auction market as buyers become more comfortable with buying larger ticket items online


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Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Asset Equipment Online Auction Market Research Report
By Type
Construction, Transportation, Agriculture, Other equipment
By Application
B2B, B2C
By Companies
Euro Auctions UK Ltd., Machinery Auctioneers, Proxibid Inc., Ritchie Bros. Auctioneers Inc., Sandhills Global Inc.
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.

Global Hard Asset Equipment Online Auction Market Report Segments:
The global Hard Asset Equipment Online Auction market is segmented on the basis of:
Types
Construction, Transportation, Agriculture, Other equipment
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
B2B, B2C
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:
Euro Auctions UK Ltd.
Machinery Auctioneers
Proxibid Inc.
Ritchie Bros. Auctioneers Inc.
Sandhills Global Inc.



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Highlights of The Hard Asset Equipment Online Auction 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:
Construction
Transportation
Agriculture
Other equipment
By Application:
B2B
B2C
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 Hard Asset Equipment Online Auction 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

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