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Sep 30, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global “Hard Asset Equipment Online Auction Market” Research Report provides exhaustive analysis of major driving factors, market trends, Hard Asset Equipment Online Auction business opportunities, threats and challenges. Report offers decisive analysis of the Hard Asset Equipment Online Auction market based on leading players, market size over the forecast period of five years, market share, segmentation study, current Hard Asset Equipment Online Auction market trends, activities and major geographical regions involved in Hard Asset Equipment Online Auction market.
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About Hard Asset Equipment Online Auction Market: 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.
All Manufacturers are listed on the basis of Hard Asset Equipment Online Auction product specification, capacity, Hard Asset Equipment Online Auction volume, price and cost of the product manufactured by the company, Hard Asset Equipment Online Auction sales revenue, and gross margin. Other parameters include Hard Asset Equipment Online Auction product pictures, quality, reliability and technological development adopted by Hard Asset Equipment Online Auction marketing player. Top Manufacturing Companies are:
● Euro Auctions UK Ltd. ● Machinery Auctioneers ● Proxibid Inc. ● Ritchie Bros. Auctioneers Inc. ● and Sandhills Global Inc.
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Market Driver: rise in government surplus asset auctions
Market Trend: emergence of AI-based online auctions
Market Challenge: concerns related to fraudulent activities in hard asset equipment online auction.
The rise in government surplus asset auctions
Online 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 auctions
Artificial 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.
Hard Asset Equipment Online Auction market is divided into segments and sub-segments. This 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. All the data points gathered are represented statistically in the form of tables and graphs to give a fair understanding of the users. The report explores the entire Hard Asset Equipment Online Auction market scenario in front of key decisive people such as leaders, executives, and managers. Experts have performed qualitative and quantitative analysis of Hard Asset Equipment Online Auction market to gather all the crucial data.
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The Hard Asset Equipment Online Auction report also provides SWOT analysis to understand Strengths, Weaknesses, Opportunities, and Threats of the Hard Asset Equipment Online Auction industry along with PEST (Political, Economic, Social, and Technological) analysis. Alongside upstream raw materials and downstream consumers are also recognized in Hard Asset Equipment Online Auction market research. Influencing various other factors such as globalization, improvements in trade and income, and commercialization to enhance extensive growth in world Hard Asset Equipment Online Auction market.
Key geographical regions Analysed: APAC, Europe, MEA, North America, and South America
Why should one buy this report?
● Hard Asset Equipment Online Auction Market report gives an impact of market size, CAGR values, profiles of key companies, and different game plans used by Hard Asset Equipment Online Auction stakeholders to make dynamic business decisions. ● It gives a thorough Hard Asset Equipment Online Auction product knowledge, competitive analysis of Hard Asset Equipment Online Auction market, growth, driving and restraining factors. ● The Hard Asset Equipment Online Auction report gives the clear understanding of Hard Asset Equipment Online Auction market with 6 years of the forecast from 2019 to 2024. ● Management ascendancy, global Hard Asset Equipment Online Auction marketers, and business traders can invest their precious time in product launches, Hard Asset Equipment Online Auction marketing strategies and marketing tactics after examining this research report. ● Report gives an in-depth knowledge of Hard Asset Equipment Online Auction product manufacturers, new entrants, financial analysts, Hard Asset Equipment Online Auction suppliers, product portfolio, distribution strategies, and future plans.
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TOC of Hard Asset Equipment Online Auction Market Report
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
â¢2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
â¢Market segmentation analysis
PART 04: MARKET SIZING
â¢Market sizing 2018
â¢Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
â¢Bargaining power of buyers
â¢Bargaining power of suppliers
â¢Threat of new entrants
â¢Threat of substitutes
â¢Threat of rivalry
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
â¢North America – Market size and forecast 2018-2023
â¢Europe – Market size and forecast 2018-2023
â¢APAC – Market size and forecast 2018-2023
â¢MEA – Market size and forecast 2018-2023
â¢South America – Market size and forecast 2018-2023
â¢Key leading countries
PART 08: MARKET SEGMENTATION BY EQUIPMENT
â¢Market segmentation by equipment
â¢Comparison by equipment
â¢Construction – Market size and forecast 2018-2023
â¢Transportation – Market size and forecast 2018-2023
â¢Agriculture – Market size and forecast 2018-2023
â¢Others – Market size and forecast 2018-2023
â¢Market opportunity by equipment
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
â¢Increase in retirement auctions of hard assets
â¢Emergence of AI-based online auctions
PARTicipation of overseas buyers
â¢Growing popularity of mobile auctioning
PART 11: VENDOR LANDSCAPE
Browse Complete Table of Contents at: https://www.industryresearch.co/TOC/14655620#TOC
Name: Ajay More
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