Online Auction Market Size to Grow by USD 1.90 Bn at a CAGR of 9.7%, Collectibles segment is expected to witness lucrative growth – Technavio

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NEW YORK, Aug. 3, 2022 /PRNewswire/ — The Online Auction Market size is expected to grow by USD 1.90 billion with YOY growth of 8.07% during the forecast period. The report offers an up-to-date analysis of the current market scenario and information from several leading watch manufacturers.

Technavio has announced its latest market research report titled Online Auction Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

This market research report extensively covers Online Auction Market segmentations in the following:

  • Product – collectibles, electronics, artistic goods, jewelry, and others

  • Geography – North America, Europe, APAC, South America, Middle East, and Africa

Online Auction Market Dynamics

Market Driver

The simplicity of bidding is one of the main elements fueling growth in the online auction sector. Online auctions give bidders the benefit of time and location flexibility. The site is simple to access, and participating in the auction can help users save money. Online auctions last a predetermined amount of time and typically require 21 days for advertising and open house viewings. Before engaging in the bidding procedure, users can do research on the costs and the caliber of the goods. Additionally, it aids in negotiating when placing a bid with suppliers or producers.

Market Trend

The introduction of AI-based online auctions will have a favorable effect on the industry. Online auctions powered by artificial intelligence (AI) are becoming more and more common. By automating several activities, including internal operations, customer-based support inquiries, the packing of purchased industrial equipment, and its delivery, the use of AI during online auctions helps save administrative expenses. Online auctions may now manage the bidding process more effectively thanks to AI integration.

Market Challenge

The online auction business will face significant challenges due to worries about fraudulent activity. Online auction fraud is one of the most frequently occurring online crimes as a result of the quick growth in the number of participants in these auctions. One of the most common types of fraud in online auctions is bid manipulation. Because the rigged price will be greater than what may have been the outcome of a competitive bidding procedure, this kind of fraud stifles market competition. Download Free Sample Report.

Online Auction Market Vendor

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

Find out the top market vendors, their competition, and how they excel in the Online Auction Market in our latest Sample Report. Click here to BUY now!

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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, 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, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio “Consumer Discretionary” Research Reports

Table of Contents

1 Executive Summary

  • 1.1 Market Overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market Definition

  • 3.3 Market size 2021

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.3 Atomic Mall

  • 10.4 AuctionZip LLC

  • 10.5 Bonanza

  • 10.6 eBay Inc.

  • 10.7 eBid Ltd.

  • 10.8 eCRATER

  • 10.10 Listia Inc.

  • 10.11 OnlineAuction.com

11 Appendix

  • 11.1 Scope of the report

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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