Global Hard Asset Equipment Online Auction Market 2023-2027

Global Hard Asset Equipment Online Auction Market 2023-2027

Technavio has been monitoring the hard asset equipment online auction market and is forecast to grow by USD 2100.27 mn during 2022-2027, accelerating at a CAGR of 18.65% during the forecast period. Our report on the hard asset equipment 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 toward online auctioning from conventional auctioning, rise in demand for used equipment auctions, and rise in government surplus asset auctions.

Technavio's hard asset equipment online auction market is segmented as below:

By Product Type

  • Construction
  • Transportation
  • Agriculture
  • Others
By Application
  • Enterprise buyer
  • Private buyer
By Geography
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America
This study identifies the emergence of ai-based online auctions as one of the prime reasons driving the hard asset equipment online auction market growth during the next few years. Also, the growing participation of overseas buyers and the growing popularity of mobile auctioning will lead to sizable demand in the market.

Technavio 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. Our report on the hard asset equipment online auction market covers the following areas:
  • Hard asset equipment online auction market sizing
  • Hard asset equipment online auction market forecast
  • Hard asset equipment online auction market industry analysis
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 market vendors that include Absolute Auctions and Realty Inc., Alex Lyon and Son Sales Managers and Auctioneers Inc., AllStar Auctions Inc., Auction Technology Group Plc, Bar None Auction, bidadoo Inc., BPI Auctions Ltd., Bruce Schapansky Auctioneers Inc., Euro Auctions UK Ltd., Hess Auction Group, Joey Martin Auctioneers LLC, KAR Auction Services Inc., MachineWeb Inc., NetBid Industrie-Auktionen AG, Ritchason Auctioneers Inc., Ritchie Bros. Auctioneers Inc., Sullivan Auctioneers LLC, and TBAuctions B.V. 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 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.

Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product Type
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global hard asset equipment online auction market 2017 - 2021
      • Table Historic Market Size – Data table on global hard asset equipment online auction market 2017 - 2021 ($ million)
    • Product type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Product type Segment 2017 - 2021 ($ million)
    • Application Segment Analysis 2017 - 2021
      • Table Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Product Type
    • Market segments
      • Table Chart on Product Type - Market share 2022-2027 (%)
      • Table Data Table on Product Type - Market share 2022-2027 (%)
    • Comparison by Product Type
      • Table Chart on Comparison by Product Type
      • Table Data Table on Comparison by Product Type
    • Construction - Market size and forecast 2022-2027
      • Table Chart on Construction - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Construction - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • Transportation - Market size and forecast 2022-2027
      • Table Chart on Transportation - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Transportation - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Transportation - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Transportation - Year-over-year growth 2022-2027 (%)
    • Agriculture - Market size and forecast 2022-2027
      • Table Chart on Agriculture - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Agriculture - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Agriculture - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Agriculture - Year-over-year growth 2022-2027 (%)
    • Others - Market size and forecast 2022-2027
      • Table Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Others - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Others - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product Type
      • Table Market opportunity by Product Type ($ million)
      • Table Data Table on Market opportunity by Product Type ($ million)
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2022-2027 (%)
      • Table Data Table on Application - Market share 2022-2027 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Enterprise buyer - Market size and forecast 2022-2027
      • Table Chart on Enterprise buyer - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Enterprise buyer - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Enterprise buyer - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Enterprise buyer - Year-over-year growth 2022-2027 (%)
    • Private buyer - Market size and forecast 2022-2027
      • Table Chart on Private buyer - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Private buyer - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Private buyer - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Private buyer - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • France - Market size and forecast 2022-2027
      • Table Chart on France - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Table Chart on France - Year-over-year growth 2022-2027 (%)
      • Table Data Table on France - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Shift in preference toward online auctioning from conventional
      • Rise in demand for used equipment auctions
      • Rise in government surplus asset auctions
    • Market challenges
      • Rise in shill bidding during hard asset equipment online auction
      • Increasing competition from substitute services
      • Concerns related to fraudulent activities in hard asset equipment online auction
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Emergence of AI-based online auctions
      • Growing participation of overseas buyers
      • Growing popularity of mobile auctioning
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Absolute Auctions and Realty Inc.
      • Table Absolute Auctions and Realty Inc. - Overview
      • Table Absolute Auctions and Realty Inc. - Product / Service
      • Table Absolute Auctions and Realty Inc. - Key offerings
    • Alex Lyon and Son Sales Managers and Auctioneers Inc.
      • Table Alex Lyon and Son Sales Managers and Auctioneers Inc. - Overview
      • Table Alex Lyon and Son Sales Managers and Auctioneers Inc. - Product / Service
      • Table Alex Lyon and Son Sales Managers and Auctioneers Inc. - Key offerings
    • AllStar Auctions Inc.
      • Table AllStar Auctions Inc. - Overview
      • Table AllStar Auctions Inc. - Product / Service
      • Table AllStar Auctions Inc. - Key offerings
    • Auction Technology Group Plc
      • Table Auction Technology Group Plc - Overview
      • Table Auction Technology Group Plc - Business segments
      • Table Auction Technology Group Plc - Key offerings
      • Table Auction Technology Group Plc - Segment focus
    • Bar None Auction
      • Table Bar None Auction - Overview
      • Table Bar None Auction - Product / Service
      • Table Bar None Auction - Key offerings
    • bidadoo Inc.
      • Table bidadoo Inc. - Overview
      • Table bidadoo Inc. - Product / Service
      • Table bidadoo Inc. - Key offerings
    • BPI Auctions Ltd.
      • Table BPI Auctions Ltd. - Overview
      • Table BPI Auctions Ltd. - Product / Service
      • Table BPI Auctions Ltd. - Key offerings
    • Bruce Schapansky Auctioneers Inc.
      • Table Bruce Schapansky Auctioneers Inc. - Overview
      • Table Bruce Schapansky Auctioneers Inc. - Product / Service
      • Table Bruce Schapansky Auctioneers Inc. - Key offerings
    • Euro Auctions UK Ltd.
      • Table Euro Auctions UK Ltd. - Overview
      • Table Euro Auctions UK Ltd. - Product / Service
      • Table Euro Auctions UK Ltd. - Key offerings
    • Hess Auction Group
      • Table Hess Auction Group - Overview
      • Table Hess Auction Group - Product / Service
      • Table Hess Auction Group - Key offerings
    • Joey Martin Auctioneers LLC
      • Table Joey Martin Auctioneers LLC - Overview
      • Table Joey Martin Auctioneers LLC - Product / Service
      • Table Joey Martin Auctioneers LLC - Key offerings
    • KAR Auction Services Inc.
      • Table KAR Auction Services Inc. - Overview
      • Table KAR Auction Services Inc. - Business segments
      • Table KAR Auction Services Inc. - Key offerings
      • Table KAR Auction Services Inc. - Segment focus
    • MachineWeb Inc.
      • Table MachineWeb Inc. - Overview
      • Table MachineWeb Inc. - Product / Service
      • Table MachineWeb Inc. - Key offerings
    • NetBid Industrie-Auktionen AG
      • Table NetBid Industrie-Auktionen AG - Overview
      • Table NetBid Industrie-Auktionen AG - Product / Service
      • Table NetBid Industrie-Auktionen AG - Key offerings
    • Ritchie Bros. Auctioneers Inc.
      • Table Ritchie Bros. Auctioneers Inc. - Overview
      • Table Ritchie Bros. Auctioneers Inc. - Business segments
      • Table Ritchie Bros. Auctioneers Inc. - Key offerings
      • Table Ritchie Bros. Auctioneers Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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