The global business analytical report titled Online Auction Market has recently been published by Absolute Markets Intelligence to its extensive database. The global Online Auction Market is examined on the basis of technological advancements and recent trends. Marketing research was assessed based on various aspects of business operations, such as driving forces and constraints that will influence the progress of companies. Information data is collected from specialized sources such as case studies of many industry experts, opinions of business leaders, among others further contribute to the authenticity of the report.
The major key pillars for global Online Auction market are listed below: A One Salasar Pvt. Ltd., ATG, Auction House UK, Auction Network, Biddingo.com, Catawiki, eBay Inc., Groupon, Goods Liquidation Auctions, John Pye & Sons., LiveAuctioneers, SDL Auctions Limited, The Auction Company, U.S. Auction Online, UKauctioneers.com and Wilsons Auctions
Click to view the full report: https://www.absolutemarketsinsights.com/reports/Global-Online-Auction-Market-2019-2027-658
Global online auction market was valued at US$ 4071.9 Mn in 2020 and is anticipated to grow at a CAGR of 9.2% over the forecast period (2021 – 2030). The rapid penetration of internet connectivity across developing countries along with increasing adoption of digital payment platforms is complimenting the growth of online auction market.
Online auction of automotive showcased highest penetration in 2019. In the same year, the segment held about 29% share in the overall application segment of the global online auction market. Transparency in car details and transactions has encouraged consumers to adopt the online platforms for auto car auctions. RM Sotheby's, an auto auction company confirmed that 91% of the automotive offered on their online auction platform were sold in 2020. The Covid-19 pandemic outbreak has encouraged substantial shift of conventional auction companies to online platforms, enhancing the growth of online auction market.
Online Auction Market Segmentation:
By Business Model
- B2B
- B2C
- C2C
By Type
- Reverse Auction
- Dutch Auction
- Reveal Price Auction
- Penny Auction
- Unique Bid Auction
- Others
By Offering
- Solutions
- Cloud-based
- On Premise
- Services
By Application
- Automotive
- Machinery & Equipment
- Consumer Electronics
- Real Estate
- Art Pieces
- Antiques
- Collectables
- Others
By Organization Size
- Small and Medium Organizations
- Large Organizations
By Platform
- Web Based
- Application Based
By End User
- Corporate
- Faith-Based Organizations
- Sports Organizations
- Schools & Universities
- Associations
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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