This Hard Asset Equipment Online Auction report offers high-tech statistics and confirmable data insights about Hard Asset Equipment Online Auction market analysed according to current competitive situation and future projections.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The Report 2020 covers every detail about industry trends, drivers, and obstacles with respect to the “Hard Asset Equipment Online Auction Market”. Hard Asset Equipment Online Auction Market research identifies that the competition continues to intensify year-on-year with emerging applications and wide product portfolio. This report covers the 2019 scenario and growth prospects of the Hard Asset Equipment Online Auction market for 2019-2023. To calculate the market size, revenue from the market sales of Hard Asset Equipment Online Auction products to retailers, wholesalers, and institutional buyers is considered.
Hard Asset Equipment Online Auction market offers the largest share of 19.78% in 2018 and projected to grow at compound annual growth rate (CAGR) of over 20% during forecast period 2019-2023.
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Hard Asset Equipment Online Auction Market Summary: Our hard asset equipment online auction market analysis considers sales from construction, transportation, agriculture, and other equipment . Our analysis also considers the sales of hard asset equipment online auction in APAC, Europe, North America, South America, and MEA. In 2018, the construction segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising population and rising short-term investments in limited-time projects will play a significant role in the construction segment to maintain its market position. Also, our global hard asset equipment online auction market report looks at factors such as the shift in preference toward online auctioning from conventional auctioning, rise in demand for used equipment auctions, and rise in government surplus asset auctions. However, rise in shill bidding during hard asset equipment auction, increasing competition from substitute services, and concerns related to fraudulent activities in hard asset equipment online auction may hamper the growth of the hard asset equipment online auction industry over the forecast period.
Market Driver: rise in government surplus asset auctionsMarket Trend: emergence of AI-based online auctionsMarket Challenge: concerns related to fraudulent activities in hard asset equipment online auction.The rise in government surplus asset auctionsOnline auctions are widely used by governments across the world to sell their surplus inventory, including hard assets such as equipment and vehicles, to drive down inventory management costs and procurement costs. Surplus asset auctions offer government agencies to increase their revenue as well. Some of the government agencies are also using commercial auction websites for auctioning their surplus assets. For instance, in September 2018, National Purchasing Partners Government Division in the US announced a new government auction services contract with GovDeals. This rise in government surplus asset auctions will lead the expansion of global hard asset equipment online auction market at a CAGR of over 20% during the forecast period.The emergence of AI-based online auctionsArtificial Intelligence (AI) platforms use machine learning and algorithm, to deliver clear, easy, actionable intelligence to bidders. The integration of AI also helps reduce administration costs by automating various processes. Several vendors are developing voice search technology for online auctions. The use of AI-based tools in hard asset equipment online auction is expected to attract several customers in the forthcoming years. This development is expected to have a positive impact on the overall market growth.
The report disclosed theKey PlayersProfiles with data includes company details and competitors, Hard Asset Equipment Online Auction models and performance, business SWOT analysis and forecast, sales volume revenue price cost and gross margin:
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All regional government is encouraging investments in Hard Asset Equipment Online Auction market to promote effective strategies and vital source of economic development. Emphasis is given for practices, prescriptive recommendations, data-based strategies, and other precision applications. The report also includes the regional analysis of the Hard Asset Equipment Online Auction market, comprising of the market by value and spending per capita of the following regions:
APAC, Europe, MEA, North America, and South America
Hard Asset Equipment Online Auction Market Report studies the Industry Chain and Supply Chain which includes R and D, raw material, manufacturing plants, offline and online sales channel, end user analysis and marketing strategies for market growth. Gives guidelines on development trends and Forecast.
Following key points gives overall report analysis:
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In the end, the Hard Asset Equipment Online Auction Market feasibility of new investment plan is evaluated, and wide Hard Asset Equipment Online Auction research conclusions are offered in the report. Hard Asset Equipment Online Auction Market report delivers major statistics, list of Figures, Tables, Charts which is the detail source of data for guidance and understanding of Hard Asset Equipment Online Auction Industry.
TOC of Hard Asset Equipment Online Auction Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT•2.1 Preface•2.2 Preface•2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPE•Market ecosystem•Market characteristics•Market segmentation analysisPART 04: MARKET SIZING•Market definition•Market sizing 2018•Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSIS•Bargaining power of buyers•Bargaining power of suppliers•Threat of new entrants•Threat of substitutes•Threat of rivalry•Market conditionPART 06: CUSTOMER LANDSCAPEPART 07: GEOGRAPHIC LANDSCAPE•Geographic segmentation•Geographic comparison•North America – Market size and forecast 2018-2023•Europe – Market size and forecast 2018-2023•APAC – Market size and forecast 2018-2023•MEA – Market size and forecast 2018-2023•South America – Market size and forecast 2018-2023•Key leading countries•Market opportunityPART 08: MARKET SEGMENTATION BY EQUIPMENT•Market segmentation by equipment•Comparison by equipment•Construction – Market size and forecast 2018-2023•Transportation – Market size and forecast 2018-2023•Agriculture – Market size and forecast 2018-2023•Others – Market size and forecast 2018-2023•Market opportunity by equipmentPART 09: DRIVERS AND CHALLENGES•Market drivers•Market challengesPART 10: MARKET TRENDS•Increase in retirement auctions of hard assets•Emergence of AI-based online auctions•GrowingPARTicipation of overseas buyers•Rising strategicPARTnerships•Growing popularity of mobile auctioningPART 11: VENDOR LANDSCAPE•Overview•Landscape disruption
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