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Online Auction Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Mar 2022
  • Pages: 132
  • SKU: IRTNTR70208
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The online auction market share is expected to increase by USD 1.90 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.7%.

This online auction market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers online auction market segmentation by product (collectibles, electronics, artistic goods, jewelry, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The online auction market report also offers information on several market vendors, including Atomic Mall, A One Salasar Pvt. Ltd., Auction Network, Auction Technology Group Plc, AuctionZip LLC, Biddingo.com, Bonanza, eBay Inc., eBid Ltd., eCRATER, Goodwill Industries of Orange County, Listia Inc., OnlineAuction.com, PropertyRoom.com Inc., SJH-All Plant Group Ltd., and Webstore.com among others.

What will the Online Auction Market Size be During the Forecast Period?

Online Auction Market Size

Download the Free Report Sample to Unlock the Online Auction Market Size for the Forecast Period and Other Important Statistics

 

Online Auction Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The ease of bidding is notably driving the online auction market growth, although factors such as concerns related to fraudulent activities in online auctions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online auction industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

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 global online auction market during the forecast period.

Key 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 market during the forecast period.

Key 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 global online auction market.

This online auction market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global online auction market as a part of the global specialized consumer services market within the global diversified consumer services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online auction market during the forecast period.

Who are the Major Online Auction Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Atomic Mall
  • A One Salasar Pvt. Ltd.
  • Auction Network
  • Auction Technology Group Plc
  • AuctionZip LLC
  • Biddingo.com
  • Bonanza
  • eBay Inc.
  • eBid Ltd.
  • eCRATER
  • Goodwill Industries of Orange County
  • Listia Inc.
  • OnlineAuction.com
  • PropertyRoom.com Inc.
  • SJH-All Plant Group Ltd.
  • Webstore.com

 

This statistical study of the online auction market encompasses successful business strategies deployed by the key vendors. The online auction market is fragmented and the vendors are deploying growth strategies such as investing in designing, planning, developing, branding, expanding existing products and services, and acquiring new players to compete in the market.

Product Insights and News

  • atomicmall.com - Through the unified segment, the company offers a multi-seller marketplace venue where individuals can buy, sell or submit offers on virtually anything.

  • atomicmall.com - The company offers services such as online auction of art.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online auction market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Online Auction Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online auction market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Online Auction Market?

Online Auction Market Market segmentation by region

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41% of the market's growth will originate from North America during the forecast period. The US is the key market for online auction in North America. Market growth in this region will be faster than the growth of the market in the European, MEA and South American regions.

The growing interest of people in rare and antique products will facilitate the online auction market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic spread widely across North America, especially in the US, in 2020. Various countries such as the US, Canada, and others across the region-imposed lockdowns to combat the spread of the disease. The pandemic decreased the offline auctions due to the lockdown and travel restriction which is imposed by the government to control the spread of COVID-19. In 2021, the government has started the vaccination drive, and lifted the lockdown and travel restriction. Due to this, all the offline auctions will slowly be getting back to normal. This, in turn, might moderately impact the growth of the online auction market in North America during the forecast period.

What are the Revenue-generating Product Segments in the Online Auction Market?

Online Auction Market Segmentation

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The online auction market share growth by the collectibles segment will be significant during the forecast period. 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, Liane floor lamp, and an Egyptian cat.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online auction market size and actionable market insights on post COVID-19 impact on each segment.

 

Online Auction Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.7%

Market growth 2022-2026

$ 1.90 billion

Market structure

Fragmented

YoY growth (%)

8.07

Regional analysis

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

Performing market contribution

North America at 41%

Key consumer countries

US, China, Japan, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Atomic Mall, A One Salasar Pvt. Ltd., Auction Network, Auction Technology Group Plc, AuctionZip LLC, Biddingo.com, Bonanza, eBay Inc., eBid Ltd., eCRATER, Goodwill Industries of Orange County, Listia Inc., OnlineAuction.com, PropertyRoom.com Inc., SJH-All Plant Group Ltd., and Webstore.com

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 the 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 2022-2026
  • Detailed information on factors that will drive online auction market growth during the next five years
  • Precise estimation of the online auction market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online auction industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details 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 Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Collectibles - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Collectibles - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Collectibles - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Collectibles - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Collectibles - Year-over-year growth 2021-2026 (%)
  • 5.4 Electronics - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Electronics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Electronics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Electronics - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Electronics - Year-over-year growth 2021-2026 (%)
  • 5.5 Artistic goods - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Artistic goods - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Artistic goods - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Artistic goods - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Artistic goods - Year-over-year growth 2021-2026 (%)
  • 5.6 Jewelry - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Jewelry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Jewelry - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Jewelry - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Jewelry - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by Product
    • Exhibit 48: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 France - Market size and forecast 2021-2026
    • Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Atomic Mall
    • Exhibit 101: Atomic Mall - Overview
    • Exhibit 102: Atomic Mall - Product / Service
    • Exhibit 103: Atomic Mall - Key offerings
  • 10.4 AuctionZip LLC
    • Exhibit 104: AuctionZip LLC - Overview
    • Exhibit 105: AuctionZip LLC - Product / Service
    • Exhibit 106: AuctionZip LLC - Key offerings
  • 10.5 Bonanza
    • Exhibit 107: Bonanza - Overview
    • Exhibit 108: Bonanza - Product / Service
    • Exhibit 109: Bonanza - Key offerings
  • 10.6 eBay Inc.
    • Exhibit 110: eBay Inc. - Overview
    • Exhibit 111: eBay Inc. - Business segments
    • Exhibit 112: eBay Inc. - Key news
    • Exhibit 113: eBay Inc. - Key offerings
    • Exhibit 114: eBay Inc. - Segment focus
  • 10.7 eBid Ltd.
    • Exhibit 115: eBid Ltd. - Overview
    • Exhibit 116: eBid Ltd. - Product / Service
    • Exhibit 117: eBid Ltd. - Key offerings
  • 10.8 eCRATER
    • Exhibit 118: eCRATER - Overview
    • Exhibit 119: eCRATER - Product / Service
    • Exhibit 120: eCRATER - Key offerings
  • 10.9 Goodwill Industries of Orange County
    • Exhibit 121: Goodwill Industries of Orange County - Overview
    • Exhibit 122: Goodwill Industries of Orange County - Product / Service
    • Exhibit 123: Goodwill Industries of Orange County - Key offerings
  • 10.10 Listia Inc.
    • Exhibit 124: Listia Inc. - Overview
    • Exhibit 125: Listia Inc. - Product / Service
    • Exhibit 126: Listia Inc. - Key offerings
  • 10.11 OnlineAuction.com
    • Exhibit 127: OnlineAuction.com - Overview
    • Exhibit 128: OnlineAuction.com - Product / Service
    • Exhibit 129: OnlineAuction.com - Key offerings
  • 10.12 PropertyRoom.com Inc.
    • Exhibit 130: PropertyRoom.com Inc. - Overview
    • Exhibit 131: PropertyRoom.com Inc. - Product / Service
    • Exhibit 132: PropertyRoom.com Inc. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 133: Inclusions checklist
    • Exhibit 134: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 135: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 136: Research methodology
    • Exhibit 137: Validation techniques employed for market sizing
    • Exhibit 138: Information sources
  • 11.5 List of abbreviations
    • Exhibit 139: 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
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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 market growth will increase by $1.90 bn during 2022-2026.
The online auction market market is expected to grow at a CAGR of 9.7% during 2022-2026.
Technavio has segmented the online auction market market by product (collectibles, electronics, artistic goods, jewelry, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Atomic Mall, A One Salasar Pvt. Ltd., Auction Network, Auction Technology Group Plc, AuctionZip LLC, Biddingo.com, Bonanza, eBay Inc., eBid Ltd., eCRATER, Goodwill Industries of Orange County, Listia Inc., OnlineAuction.com, PropertyRoom.com Inc., SJH-All Plant Group Ltd., Webstore.com are a few of the key vendors in the online auction market market.
North America will register the highest growth rate of 41% among the other regions. Therefore, the online auction market 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 market growth are:
  • Ease of bidding
  • Emergence of AI-based online auctions
The online auction market market vendors should focus on grabbing business opportunities from the collectibles segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
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  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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