The global market size was valued at US$ 25.34 billion in 2024 and is projected to reach US$ 38.67 billion by 2030, at a CAGR of 7.3% during the forecast period 2024-2030.
The United States market size was valued at US$ 8.92 billion in 2024 and is projected to reach US$ 13.23 billion by 2030, at a CAGR of 6.8% during the forecast period 2024-2030.
Online platforms for auctioning industrial equipment.
Transaction volume reached US$ 85 billion in 2023. Digital platforms grow at 8.5% annually. Market saw 55% increase in mobile bidding. Standards implemented in 42 countries. Future projects worth US$ 4.56 billion by 2026. North America leads with 40% market share.
Report Overview
Governments across the world are increasingly leveraging online auctions to sell their surplus inventory, including hard assets such as equipment and vehicles.
This report provides a deep insight into the global Hard Asset Equipment Online Auction market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Hard Asset Equipment Online Auction Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Hard Asset Equipment Online Auction market in any manner.
Global Hard Asset Equipment Online Auction Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Euro Auctions UK Ltd.
Machinery Auctioneers
Proxibid Inc.
Ritchie Bros. Auctioneers Inc.
Sandhills Global Inc.
Market Segmentation (by Type)
Construction
Transportation
Agriculture
Other equipment
Market Segmentation (by Application)
B2B
B2C
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Hard Asset Equipment Online Auction Market
Overview of the regional outlook of the Hard Asset Equipment Online Auction Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
TABLE OF CONTENTS
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Hard Asset Equipment Online Auction
1.2 Key Market Segments
1.2.1 Hard Asset Equipment Online Auction Segment by Type
1.2.2 Hard Asset Equipment Online Auction Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Hard Asset Equipment Online Auction Market Overview
2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Hard Asset Equipment Online Auction Market Competitive Landscape
3.1 Global Hard Asset Equipment Online Auction Revenue Market Share by Company (2019-2024)
3.2 Hard Asset Equipment Online Auction Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Company Hard Asset Equipment Online Auction Market Size Sites, Area Served, Product Type
3.4 Hard Asset Equipment Online Auction Market Competitive Situation and Trends
3.4.1 Hard Asset Equipment Online Auction Market Concentration Rate
3.4.2 Global 5 and 10 Largest Hard Asset Equipment Online Auction Players Market Share by Revenue
3.4.3 Mergers & Acquisitions, Expansion
4 Hard Asset Equipment Online Auction Value Chain Analysis
4.1 Hard Asset Equipment Online Auction Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis
5 The Development and Dynamics of Hard Asset Equipment Online Auction Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 Mergers & Acquisitions
5.5.2 Expansions
5.5.3 Collaboration/Supply Contracts
5.6 Industry Policies
6 Hard Asset Equipment Online Auction Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Hard Asset Equipment Online Auction Market Size Market Share by Type (2019-2024)
6.3 Global Hard Asset Equipment Online Auction Market Size Growth Rate by Type (2019-2024)
7 Hard Asset Equipment Online Auction Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Hard Asset Equipment Online Auction Market Size (M USD) by Application (2019-2024)
7.3 Global Hard Asset Equipment Online Auction Market Size Growth Rate by Application (2019-2024)
8 Hard Asset Equipment Online Auction Market Segmentation by Region
8.1 Global Hard Asset Equipment Online Auction Market Size by Region
8.1.1 Global Hard Asset Equipment Online Auction Market Size by Region
8.1.2 Global Hard Asset Equipment Online Auction Market Size Market Share by Region
8.2 North America
8.2.1 North America Hard Asset Equipment Online Auction Market Size by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Hard Asset Equipment Online Auction Market Size by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Hard Asset Equipment Online Auction Market Size by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Hard Asset Equipment Online Auction Market Size by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Hard Asset Equipment Online Auction Market Size by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Euro Auctions UK Ltd.
9.1.1 Euro Auctions UK Ltd. Hard Asset Equipment Online Auction Basic Information
9.1.2 Euro Auctions UK Ltd. Hard Asset Equipment Online Auction Product Overview
9.1.3 Euro Auctions UK Ltd. Hard Asset Equipment Online Auction Product Market Performance
9.1.4 Euro Auctions UK Ltd. Hard Asset Equipment Online Auction SWOT Analysis
9.1.5 Euro Auctions UK Ltd. Business Overview
9.1.6 Euro Auctions UK Ltd. Recent Developments
9.2 Machinery Auctioneers
9.2.1 Machinery Auctioneers Hard Asset Equipment Online Auction Basic Information
9.2.2 Machinery Auctioneers Hard Asset Equipment Online Auction Product Overview
9.2.3 Machinery Auctioneers Hard Asset Equipment Online Auction Product Market Performance
9.2.4 Machinery Auctioneers Hard Asset Equipment Online Auction SWOT Analysis
9.2.5 Machinery Auctioneers Business Overview
9.2.6 Machinery Auctioneers Recent Developments
9.3 Proxibid Inc.
9.3.1 Proxibid Inc. Hard Asset Equipment Online Auction Basic Information
9.3.2 Proxibid Inc. Hard Asset Equipment Online Auction Product Overview
9.3.3 Proxibid Inc. Hard Asset Equipment Online Auction Product Market Performance
9.3.4 Proxibid Inc. Hard Asset Equipment Online Auction SWOT Analysis
9.3.5 Proxibid Inc. Business Overview
9.3.6 Proxibid Inc. Recent Developments
9.4 Ritchie Bros. Auctioneers Inc.
9.4.1 Ritchie Bros. Auctioneers Inc. Hard Asset Equipment Online Auction Basic Information
9.4.2 Ritchie Bros. Auctioneers Inc. Hard Asset Equipment Online Auction Product Overview
9.4.3 Ritchie Bros. Auctioneers Inc. Hard Asset Equipment Online Auction Product Market Performance
9.4.4 Ritchie Bros. Auctioneers Inc. Business Overview
9.4.5 Ritchie Bros. Auctioneers Inc. Recent Developments
9.5 Sandhills Global Inc.
9.5.1 Sandhills Global Inc. Hard Asset Equipment Online Auction Basic Information
9.5.2 Sandhills Global Inc. Hard Asset Equipment Online Auction Product Overview
9.5.3 Sandhills Global Inc. Hard Asset Equipment Online Auction Product Market Performance
9.5.4 Sandhills Global Inc. Business Overview
9.5.5 Sandhills Global Inc. Recent Developments
10 Hard Asset Equipment Online Auction Regional Market Forecast
10.1 Global Hard Asset Equipment Online Auction Market Size Forecast
10.2 Global Hard Asset Equipment Online Auction Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Hard Asset Equipment Online Auction Market Size Forecast by Country
10.2.3 Asia Pacific Hard Asset Equipment Online Auction Market Size Forecast by Region
10.2.4 South America Hard Asset Equipment Online Auction Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Hard Asset Equipment Online Auction by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Hard Asset Equipment Online Auction Market Forecast by Type (2025-2030)
11.2 Global Hard Asset Equipment Online Auction Market Forecast by Application (2025-2030)
12 Conclusion and Key Findings
LIST OF TABLES & FIGURES
List of Tables
Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. Hard Asset Equipment Online Auction Market Size Comparison by Region (M USD)
Table 5. Global Hard Asset Equipment Online Auction Revenue (M USD) by Company (2019-2024)
Table 6. Global Hard Asset Equipment Online Auction Revenue Share by Company (2019-2024)
Table 7. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hard Asset Equipment Online Auction as of 2022)
Table 8. Company Hard Asset Equipment Online Auction Market Size Sites and Area Served
Table 9. Company Hard Asset Equipment Online Auction Product Type
Table 10. Global Hard Asset Equipment Online Auction Company Market Concentration Ratio (CR5 and HHI)
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. Value Chain Map of Hard Asset Equipment Online Auction
Table 13. Midstream Market Analysis
Table 14. Downstream Customer Analysis
Table 15. Key Development Trends
Table 16. Driving Factors
Table 17. Hard Asset Equipment Online Auction Market Challenges
Table 18. Global Hard Asset Equipment Online Auction Market Size by Type (M USD)
Table 19. Global Hard Asset Equipment Online Auction Market Size (M USD) by Type (2019-2024)
Table 20. Global Hard Asset Equipment Online Auction Market Size Share by Type (2019-2024)
Table 21. Global Hard Asset Equipment Online Auction Market Size Growth Rate by Type (2019-2024)
Table 22. Global Hard Asset Equipment Online Auction Market Size by Application
Table 23. Global Hard Asset Equipment Online Auction Market Size by Application (2019-2024) & (M USD)
Table 24. Global Hard Asset Equipment Online Auction Market Share by Application (2019-2024)
Table 25. Global Hard Asset Equipment Online Auction Market Size Growth Rate by Application (2019-2024)
Table 26. Global Hard Asset Equipment Online Auction Market Size by Region (2019-2024) & (M USD)
Table 27. Global Hard Asset Equipment Online Auction Market Size Market Share by Region (2019-2024)
Table 28. North America Hard Asset Equipment Online Auction Market Size by Country (2019-2024) & (M USD)
Table 29. Europe Hard Asset Equipment Online Auction Market Size by Country (2019-2024) & (M USD)
Table 30. Asia Pacific Hard Asset Equipment Online Auction Market Size by Region (2019-2024) & (M USD)
Table 31. South America Hard Asset Equipment Online Auction Market Size by Country (2019-2024) & (M USD)
Table 32. Middle East and Africa Hard Asset Equipment Online Auction Market Size by Region (2019-2024) & (M USD)
Table 33. Euro Auctions UK Ltd. Hard Asset Equipment Online Auction Basic Information
Table 34. Euro Auctions UK Ltd. Hard Asset Equipment Online Auction Product Overview
Table 35. Euro Auctions UK Ltd. Hard Asset Equipment Online Auction Revenue (M USD) and Gross Margin (2019-2024)
Table 36. Euro Auctions UK Ltd. Hard Asset Equipment Online Auction SWOT Analysis
Table 37. Euro Auctions UK Ltd. Business Overview
Table 38. Euro Auctions UK Ltd. Recent Developments
Table 39. Machinery Auctioneers Hard Asset Equipment Online Auction Basic Information
Table 40. Machinery Auctioneers Hard Asset Equipment Online Auction Product Overview
Table 41. Machinery Auctioneers Hard Asset Equipment Online Auction Revenue (M USD) and Gross Margin (2019-2024)
Table 42. Machinery Auctioneers Hard Asset Equipment Online Auction SWOT Analysis
Table 43. Machinery Auctioneers Business Overview
Table 44. Machinery Auctioneers Recent Developments
Table 45. Proxibid Inc. Hard Asset Equipment Online Auction Basic Information
Table 46. Proxibid Inc. Hard Asset Equipment Online Auction Product Overview
Table 47. Proxibid Inc. Hard Asset Equipment Online Auction Revenue (M USD) and Gross Margin (2019-2024)
Table 48. Proxibid Inc. Hard Asset Equipment Online Auction SWOT Analysis
Table 49. Proxibid Inc. Business Overview
Table 50. Proxibid Inc. Recent Developments
Table 51. Ritchie Bros. Auctioneers Inc. Hard Asset Equipment Online Auction Basic Information
Table 52. Ritchie Bros. Auctioneers Inc. Hard Asset Equipment Online Auction Product Overview
Table 53. Ritchie Bros. Auctioneers Inc. Hard Asset Equipment Online Auction Revenue (M USD) and Gross Margin (2019-2024)
Table 54. Ritchie Bros. Auctioneers Inc. Business Overview
Table 55. Ritchie Bros. Auctioneers Inc. Recent Developments
Table 56. Sandhills Global Inc. Hard Asset Equipment Online Auction Basic Information
Table 57. Sandhills Global Inc. Hard Asset Equipment Online Auction Product Overview
Table 58. Sandhills Global Inc. Hard Asset Equipment Online Auction Revenue (M USD) and Gross Margin (2019-2024)
Table 59. Sandhills Global Inc. Business Overview
Table 60. Sandhills Global Inc. Recent Developments
Table 61. Global Hard Asset Equipment Online Auction Market Size Forecast by Region (2025-2030) & (M USD)
Table 62. North America Hard Asset Equipment Online Auction Market Size Forecast by Country (2025-2030) & (M USD)
Table 63. Europe Hard Asset Equipment Online Auction Market Size Forecast by Country (2025-2030) & (M USD)
Table 64. Asia Pacific Hard Asset Equipment Online Auction Market Size Forecast by Region (2025-2030) & (M USD)
Table 65. South America Hard Asset Equipment Online Auction Market Size Forecast by Country (2025-2030) & (M USD)
Table 66. Middle East and Africa Hard Asset Equipment Online Auction Market Size Forecast by Country (2025-2030) & (M USD)
Table 67. Global Hard Asset Equipment Online Auction Market Size Forecast by Type (2025-2030) & (M USD)
Table 68. Global Hard Asset Equipment Online Auction Market Size Forecast by Application (2025-2030) & (M USD)
List of Figures
Figure 1. Industrial Chain of Hard Asset Equipment Online Auction
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global Hard Asset Equipment Online Auction Market Size (M USD), 2019-2030
Figure 5. Global Hard Asset Equipment Online Auction Market Size (M USD) (2019-2030)
Figure 6. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 8. Evaluation Matrix of Regional Market Development Potential
Figure 9. Hard Asset Equipment Online Auction Market Size by Country (M USD)
Figure 10. Global Hard Asset Equipment Online Auction Revenue Share by Company in 2023
Figure 11. Hard Asset Equipment Online Auction Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 12. The Global 5 and 10 Largest Players: Market Share by Hard Asset Equipment Online Auction Revenue in 2023
Figure 13. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 14. Global Hard Asset Equipment Online Auction Market Share by Type
Figure 15. Market Size Share of Hard Asset Equipment Online Auction by Type (2019-2024)
Figure 16. Market Size Market Share of Hard Asset Equipment Online Auction by Type in 2022
Figure 17. Global Hard Asset Equipment Online Auction Market Size Growth Rate by Type (2019-2024)
Figure 18. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 19. Global Hard Asset Equipment Online Auction Market Share by Application
Figure 20. Global Hard Asset Equipment Online Auction Market Share by Application (2019-2024)
Figure 21. Global Hard Asset Equipment Online Auction Market Share by Application in 2022
Figure 22. Global Hard Asset Equipment Online Auction Market Size Growth Rate by Application (2019-2024)
Figure 23. Global Hard Asset Equipment Online Auction Market Size Market Share by Region (2019-2024)
Figure 24. North America Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 25. North America Hard Asset Equipment Online Auction Market Size Market Share by Country in 2023
Figure 26. U.S. Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 27. Canada Hard Asset Equipment Online Auction Market Size (M USD) and Growth Rate (2019-2024)
Figure 28. Mexico Hard Asset Equipment Online Auction Market Size (Units) and Growth Rate (2019-2024)
Figure 29. Europe Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 30. Europe Hard Asset Equipment Online Auction Market Size Market Share by Country in 2023
Figure 31. Germany Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 32. France Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 33. U.K. Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 34. Italy Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 35. Russia Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 36. Asia Pacific Hard Asset Equipment Online Auction Market Size and Growth Rate (M USD)
Figure 37. Asia Pacific Hard Asset Equipment Online Auction Market Size Market Share by Region in 2023
Figure 38. China Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 39. Japan Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 40. South Korea Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 41. India Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 42. Southeast Asia Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 43. South America Hard Asset Equipment Online Auction Market Size and Growth Rate (M USD)
Figure 44. South America Hard Asset Equipment Online Auction Market Size Market Share by Country in 2023
Figure 45. Brazil Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 46. Argentina Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 47. Columbia Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 48. Middle East and Africa Hard Asset Equipment Online Auction Market Size and Growth Rate (M USD)
Figure 49. Middle East and Africa Hard Asset Equipment Online Auction Market Size Market Share by Region in 2023
Figure 50. Saudi Arabia Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 51. UAE Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 52. Egypt Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 53. Nigeria Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 54. South Africa Hard Asset Equipment Online Auction Market Size and Growth Rate (2019-2024) & (M USD)
Figure 55. Global Hard Asset Equipment Online Auction Market Size Forecast by Value (2019-2030) & (M USD)
Figure 56. Global Hard Asset Equipment Online Auction Market Share Forecast by Type (2025-2030)
Figure 57. Global Hard Asset Equipment Online Auction Market Share Forecast by Application (2025-2030)
