Global Online Auction Market Size 2021, by Auction Software, Company Profiles, Revenue, Marketing Channels, Trends, Types, Demand, and Growth Opportunities to 2024

(The Express Wire via Comtex)

The Online Auction industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Online Auction market size to maintain the average annual growth rate of 6.47% from 2030 million $ in 2014 to 2450 million $ in 2019, Online Auction market size will be further expanded, we expect that by 2024, The market size of the Online Auction will reach 3420 million $.

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Online auction offers flexibility to bidders in terms of place and time. Users can access their site and be a part of the auction which is a savior to users, in terms of both money and time. Online auctions remain online for a fixed period and most of the times takes 21 days for open-house viewings and marketing.

Companies are required to upload videos and images of their products and stock on their websites. Through this way, bidders get the opportunity to compare price and quality of the product, before they begin to participate in the bidding process.

Moreover, this process helps shrink the profit made by brokers, agents or middlemen. Thus making the bidding process cost-efficient which becomes one the effective factor for driving the online auction market.

Another major trend witnessed in the online auction is the immense impact of artificial intelligence (AI). AI’s main role in an online auction is to perform different tasks such as processing internal operations, customer-service inquiries, delivery and product packaging. In the last years, AI has instigated a gradual shift, from conventional auction from to online auction. Therefore, different vendors have increased AI’s adoption so that they can preserve market shares will become one of the factor that will scale up global online auction market.

The report also includes a discussion of the key vendors operating in this market.

Key vendors

Bonanza

eBay

eBid

OnlineAuction.com

Webstore.com

Market driver

Increase in sales of art-based goods through online auctions

For a full, detailed list, view our report

Market challenge

Threat of online piracy

For a full, detailed list, view our report

Market trend

Increase in popularity of online auction ads

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2022 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Table of Contents
Section 1 Online Auction Product Definition
Section 2 Global Online Auction Market Manufacturer Share and Market Overview
Section 3 Manufacturer Online Auction Business Introduction
Section 4 Global Online Auction Market Segmentation (Region Level)
Section 5 Global Online Auction Market Segmentation (Product Type Level)
Section 6 Global Online Auction Market Segmentation (Industry Level)
Section 7 Global Online Auction Market Segmentation (Channel Level)
Section 8 Online Auction Market Forecast 2019-2024
Section 9 Online Auction Segmentation Product Type
Section 10 Online Auction Segmentation Industry
Section 11 Online Auction Cost of Production Analysis
11.1 Raw Material Cost Analysis
11.2 Technology Cost Analysis
11.3 Labor Cost Analysis
11.4 Cost Overview
Section 12 Conclusion

Chart and Figure
Figure Online Auction Product Picture from Bonanza
Chart 2014-2019 Global Manufacturer Online Auction Shipments (Units)
Chart 2014-2019 Global Manufacturer Online Auction Shipments Share
Chart 2014-2019 Global Manufacturer Online Auction Business Revenue (Million USD)
Chart 2014-2019 Global Manufacturer Online Auction Business Revenue Share
Chart Bonanza Online Auction Shipments, Price, Revenue and Gross profit 2014-2019
Chart Bonanza Online Auction Business Distribution
Chart Bonanza Interview Record (Partly)
Figure Bonanza Online Auction Product Picture
Chart Bonanza Online Auction Business Profile
Table Bonanza Online Auction Product Specification
Chart eBay Online Auction Shipments, Price, Revenue and Gross profit 2014-2019
Chart eBay Online Auction Business Distribution

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Press Release Distributed by The Express Wire

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