Dublin, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The "Online Auction - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Online Auction was estimated at US$3.8 Billion in 2023, and is projected to reach US$7.7 Billion by 2030, growing at a CAGR of 10.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the online auction market is driven by several factors. The increasing penetration of the internet and smartphones has expanded the reach of online auctions, making them accessible to a broader audience. The convenience of participating in auctions from home or on-the-go has attracted more users, particularly those who prefer the flexibility of online shopping. The COVID-19 pandemic accelerated the shift towards online platforms as physical auction houses faced restrictions, further boosting market adoption. Technological advancements that enhance security, user experience, and the range of auctioned items have also played a significant role in attracting both buyers and sellers.
Moreover, the growing popularity of second-hand and vintage items, driven by sustainability concerns and the desire for unique products, has supported market expansion. These factors collectively ensure robust growth in the online auction market, adapting to evolving consumer behaviors and technological trends.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Collectibles Auction segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of a 11.8%. The Electronics Auction segment is also set to grow at 10.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.0 Billion in 2023, and China, forecasted to grow at an impressive 14.8% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Online Auction Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Online Auction Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Online Auction Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as A One Salasar Pvt. Ltd., Auction House UK Ltd., Auction Network, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 172 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.8 Billion |
| Forecasted Market Value (USD) by 2030 | $7.7 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Online Auction - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS (Total 86 Featured):
- A One Salasar Pvt. Ltd.
- Auction House UK Ltd.
- Auction Network
- Auction Technology Group Plc
- Catawiki BV
- Ebay, Inc.
- eBid Ltd.
- Invaluable LLC
- John Pye and Sons Ltd.
- Ritchie Bros. Auctioneers, Inc.
- SDL Auctions Ltd.
- The Auction Company
- Webstore.com
- West Auctions Inc.
- Wilsons Auctions
MARKET TRENDS & DRIVERS
- Increasing Internet Penetration Propels Growth of Online Auctions
- Technological Innovations in Auction Platforms Spur Market Growth
- Expansion of Mobile Bidding Apps Expands Addressable Market Opportunity
- Growing Demand for Rare and Unique Items Drives Adoption
- Integration of AI and Machine Learning in Auction Processes Enhances User Experience
- Impact of COVID-19 on Shopping Behavior Accelerates Demand for Online Auctions
- Increasing Use of Blockchain for Secure Transactions Drives Market Growth
- Collaborations between Auction Houses and Online Platforms Strengthen Market Dynamics
- Influence of Social Media and Digital Marketing Strategies Propels Market Adoption
- Expansion of Live Streaming Auction Events Enhances Market Visibility
- Growth of Cross-border Online Transactions Supports Market Expansion
- Impact of Cybersecurity Concerns on Online Auction Platforms Generates Challenges
For more information about this report visit https://www.researchandmarkets.com/r/bruk98
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