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Online Auction Market by Product, Platform, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 156
  • SKU: IRTNTR70208
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The online auction market is estimated to grow at a CAGR of 11.35% between 2022 and 2027. The size of the market is forecast to increase by USD 2,506.13 million. The growth of the market depends on serval factors, including the shift in preference toward online auctioning from conventional auctioning, the ease of bidding, and the rise in government surplus asset auctions.

This report extensively covers market segmentation by product (collectibles, electronics, artistic goods, jewelry, and others), platform (web-based and application-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Online Auction Market During the Forecast Period?

Online Auction Market Size

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Parent Market Analysis

Technavio categorizes the online auction market as a part of the global casinos and gaming market within the overall global hotels, restaurants, and leisure market. The parent global casinos and gaming market covers products and companies engaged in casinos and gambling facilities and operations. The market includes standalone casinos, casino hotels, riverboat casinos, bingo halls, gambling machine manufacturers, lottery services, Internet gambling services, and betting services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Online Auction Market: Key Drivers, Trends, Challenges, and Customer Landscape

The ease of bidding is notably driving the market growth, although factors such as concerns related to fraudulent activities in online auctions may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Online Auction Market Driver

One of the key factors driving growth in the online auction market is the ease of bidding. Online auctions provide bidders with the convenience of flexibility in terms of time and place. One can easily log into the site and participate in the auction, which helps the users save money. Online auctions run over a fixed period and normally take 21 days for marketing and open-house viewings. They do not require the physical presence of the bidders as the process is carried out online.

Companies upload images and videos of their stocks and products on their websites. Users can conduct research regarding the prices and the quality of the product before participating in the bidding process. This helps users understand the market situations and decide accordingly. It also helps in bargaining while bidding with the sellers or manufacturers. It eliminates the profit made by agents, brokers, or middlemen, thereby making the bidding process much easier and driving the growth of the E-commerce & online auction market during the forecast period.

Significant Online Auction Market Trend

The emergence of AI-based online auctions is an online auction market trend that is expected to have a positive impact in the coming years. Artificial Intelligence (AI)-based online auctions are gaining popularity. AI platforms use machine learning and algorithms to deliver clear, easy, and actionable intelligence to bidders. During online auctions, the use of AI helps reduce administrative costs as a number of processes such as internal operations, customer-based service inquiries, the packaging of purchased industrial equipment, and its delivery can be automated. The incorporation of AI in online auctions also enables a more efficient way to manage the bidding process. 

Furthermore, voice search technology for online auctions, which is currently under development, has the potential to become a dominant method of accessing information in the future. AI programs will help in providing accuracy to voice-activated searches. Some of the vendors in the market are focusing on developing voice-search technology. The use of such AI-based tools in online auctions is likely to help in attracting more customers, thereby enhancing the growth prospects in the E-commerce & online auction market during the forecast period.

Major Online Auction Market Challenge

The concerns related to fraudulent activities in online auctions will be a major challenge for the online auction market during the forecast period. The rapid increase in the number of participants in online auctions has led to a rise in fraudulent activities, making online auction fraud one of the most commonly prevalent online crimes. Bid rigging is one of the main types of fraud in online auctions. Bid rigging is primarily seen during the online auction of assets, such as automobiles and construction equipment. This type of fraud suppresses market competition, as the rigged price will be higher than what might have resulted from a competitive bidding process. 

Furthermore, the quality of products sold through online auctions is another major area of concern. Online auctioneers post fake images, ambiguous descriptions, and false facts about the product being sold through online auctions. The increase in fraudulent activities or the failure to satisfactorily resolve disputes related to transactions even by genuine auctioneers could restrict the growth of the market.

Key Online Auction Market Customer Landscape

The report includes the adoption lifecycle of the offshore decommissioning services market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Online Auction Market Share by Geography

Global Online Auction Market Customer Landscape

Who are the Major Online Auction Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the offshore decommissioning services  market.

salasarauction.com - The company offers online auction services under the brand name SALASAR AUCTION. Also, through this segment, the company is engaged in offering industrial scrap management solutions in India.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Auction House UK Ltd.
  • Auction Technology Group Plc
  • Biddingo.com
  • Catawiki BV
  • eBay Inc.
  • eBid Ltd.
  • eCRATER
  • Invaluable LLC
  • John Pye and Sons Ltd.
  • Liquidity Services Inc.
  • SDL Auctions Ltd.
  • UKauctioneers.com
  • U.S. Auction Online
  • Webstore.com
  • West Auctions Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Online Auction Market?

The market share growth by the collectibles segment will be significant during the forecast period. In 2022, the collectibles segment was the main revenue-generating segment owing to the passion for gathering historical collectibles exhibited by many people. They are global investments, i.e., they can be traded globally. The popular collectibles are Coca-Cola ads, baseball cards, Elvis Presley memorabilia, first edition books, rare maps, postcards, ancient coins, world stamps, hunting decoys and sporting knives, wartime collectibles/memorabilia from World War I (WWI) and World War II (WWII), and vintage designer handbags and accessories. 

Online Auction Market Size

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The collectibles segment was valued at USD 627.32 million in 2017 and continue to grow by 2021. In this segment, the growth momentum is accelerating, owing to the limited supply of collectibles and heavy investments made by customers to procure rare pieces of different collections. Some of the popular collectibles are Balloon Dogs by Jeff Koons, the Clark sickle-leaf carpet, the Liane floor lamp, and an Egyptian cat. The growing popularity of collectibles as online auctionable items is expected to significantly drive the growth of this segment during the forecast period.

Which are the Key Regions for the Online Auction Market?

Online Auction Market Share by Geography

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth momentum is expected to accelerate during the forecast period, owing to the increase in the number of time-strapped and cost-conscious consumers believing in finding, comparing, and purchasing products online. The presence of leading vendors in North America; the increasing number of time-strapped and cost-conscious consumers who believe in finding, comparing, and purchasing products online; and their inclination for rare and antique products will accelerate the growth of the online auction market during the forecast period.

The outbreak of COVID-19 negatively impacted the growth of the regional market in 2020. However, in 2021, business and industrial activities resumed following the relaxation of lockdown restrictions due to the availability of COVID-19 vaccines and the large-scale COVID-19 vaccination drives carried out by the governments of different countries, such as the US, Canada, and Mexico, which increased the demand for online auctions because of the growing number of end consumers adopting online solutions as their preferred channel. In addition, the growing recognition of non-fungible tokens (NFTs) is fueling the growth of the market across the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Collectibles
    • Electronics
    • Artistic goods
    • Jewelry
    • Others
  • Platform Outlook (USD Million, 2017 - 2027)
    • Web-based
    • Application-based
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Online Auction Market Scope

Report Coverage

Details

Page number

156

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.35%

Market growth 2023-2027

USD 2,506.13 million

Market structure

Fragmented

YoY growth 2022-2023(%)

9.22

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, Biddingo.com, Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., UKauctioneers.com, U.S. Auction Online, Webstore.com, West Auctions Inc., Williams and Williams Marketing Services Inc., Wilsons Auctions Ltd., BCL Auction, and Sothebys

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

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What are the Key Data Covered in this Online Auction Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the online auction market between 2023 and 2027
  • Precise estimation of the size of the online auction market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of online auction market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global online auction market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global online auction market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Platform Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Platform Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Collectibles - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Collectibles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Collectibles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Collectibles - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Collectibles - Year-over-year growth 2022-2027 (%)
    • 6.4 Electronics - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Electronics - Year-over-year growth 2022-2027 (%)
    • 6.5 Artistic goods - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Artistic goods - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Artistic goods - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Artistic goods - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Artistic goods - Year-over-year growth 2022-2027 (%)
    • 6.6 Jewelry - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Jewelry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Jewelry - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Jewelry - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Jewelry - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)

    7 Market Segmentation by Platform

    • 7.1 Market segments
      • Exhibit 55: Chart on Platform - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Platform - Market share 2022-2027 (%)
    • 7.2 Comparison by Platform
      • Exhibit 57: Chart on Comparison by Platform
      • Exhibit 58: Data Table on Comparison by Platform
    • 7.3 Web-based - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Web-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Web-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Web-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Web-based - Year-over-year growth 2022-2027 (%)
    • 7.4 Application-based - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Application-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Application-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Application-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Application-based - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Platform
      • Exhibit 67: Market opportunity by Platform ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 A One Salasar Pvt. Ltd
              • Exhibit 120: A One Salasar Pvt. Ltd - Overview
              • Exhibit 121: A One Salasar Pvt. Ltd - Product / Service
              • Exhibit 122: A One Salasar Pvt. Ltd - Key offerings
            • 12.4 Auction House UK Ltd.
              • Exhibit 123: Auction House UK Ltd. - Overview
              • Exhibit 124: Auction House UK Ltd. - Product / Service
              • Exhibit 125: Auction House UK Ltd. - Key offerings
            • 12.5 Auction Technology Group Plc
              • Exhibit 126: Auction Technology Group Plc - Overview
              • Exhibit 127: Auction Technology Group Plc - Business segments
              • Exhibit 128: Auction Technology Group Plc - Key offerings
              • Exhibit 129: Auction Technology Group Plc - Segment focus
            • 12.6 Biddingo.com
              • Exhibit 130: Biddingo.com - Overview
              • Exhibit 131: Biddingo.com - Product / Service
              • Exhibit 132: Biddingo.com - Key offerings
            • 12.7 Catawiki BV
              • Exhibit 133: Catawiki BV - Overview
              • Exhibit 134: Catawiki BV - Product / Service
              • Exhibit 135: Catawiki BV - Key offerings
            • 12.8 eBay Inc.
              • Exhibit 136: eBay Inc. - Overview
              • Exhibit 137: eBay Inc. - Product / Service
              • Exhibit 138: eBay Inc. - Key news
              • Exhibit 139: eBay Inc. - Key offerings
            • 12.9 eBid Ltd.
              • Exhibit 140: eBid Ltd. - Overview
              • Exhibit 141: eBid Ltd. - Product / Service
              • Exhibit 142: eBid Ltd. - Key offerings
            • 12.10 eCRATER
              • Exhibit 143: eCRATER - Overview
              • Exhibit 144: eCRATER - Product / Service
              • Exhibit 145: eCRATER - Key offerings
            • 12.11 Invaluable LLC
              • Exhibit 146: Invaluable LLC - Overview
              • Exhibit 147: Invaluable LLC - Product / Service
              • Exhibit 148: Invaluable LLC - Key offerings
            • 12.12 John Pye and Sons Ltd.
              • Exhibit 149: John Pye and Sons Ltd. - Overview
              • Exhibit 150: John Pye and Sons Ltd. - Product / Service
              • Exhibit 151: John Pye and Sons Ltd. - Key offerings
            • 12.13 Liquidity Services Inc.
              • Exhibit 152: Liquidity Services Inc. - Overview
              • Exhibit 153: Liquidity Services Inc. - Business segments
              • Exhibit 154: Liquidity Services Inc. - Key offerings
              • Exhibit 155: Liquidity Services Inc. - Segment focus
            • 12.14 SDL Auctions Ltd.
              • Exhibit 156: SDL Auctions Ltd. - Overview
              • Exhibit 157: SDL Auctions Ltd. - Key offerings
            • 12.15 Webstore.com
              • Exhibit 158: Webstore.com - Overview
              • Exhibit 159: Webstore.com - Product / Service
              • Exhibit 160: Webstore.com - Key offerings
            • 12.16 Williams and Williams Marketing Services Inc.
              • Exhibit 161: Williams and Williams Marketing Services Inc. - Overview
              • Exhibit 162: Williams and Williams Marketing Services Inc. - Product / Service
              • Exhibit 163: Williams and Williams Marketing Services Inc. - Key offerings
            • 12.17 Wilsons Auctions Ltd.
              • Exhibit 164: Wilsons Auctions Ltd. - Overview
              • Exhibit 165: Wilsons Auctions Ltd. - Product / Service
              • Exhibit 166: Wilsons Auctions Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Online Auction market growth will increase by $2506.13 million during 2023-2027.
              The online auction market is expected to grow at a CAGR of 11.35% during 2023-2027.
              Technavio has segmented the online auction market by product (Collectibles, Electronics, Artistic goods, Jewelry, and Others) ,platform (Web-based, Application-based, APAC, South America, and Middle East and Africa) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, Biddingo.com, Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., UKauctioneers.com, U.S. Auction Online, Webstore.com, West Auctions Inc., Williams and Williams Marketing Services Inc., Wilsons Auctions Ltd., BCL Auction, Sothebys are a few of the key vendors in the online auction market.
              North America will register the highest growth rate of 41.05% among the other regions. Therefore, the online auction market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the online auction market growth are:
              • Shift in preference toward online auctioning from conventional auctioning
              • Emergence of AI-based online auctions
              The online auction market vendors should focus on grabbing business opportunities from the collectibles segment as it accounted for the largest market share in the base year.
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