The global online auction market size is anticipated to register growth at a CAGR of 9.0% during the forecast period of 2021-2030.
Online auctions, often known as e-auctions, electronic auctions, or eAuctions, are sales conducted on the internet. They differ from conventional auctions, which are held only in auction houses. Online auctions come in a variety of forms, each with their own set of guidelines for placing bids and winning. Some of them are reverse auctions, penny auctions, first-price sealed-bids, online ascending English auctions, descending Dutch auctions, vickrey auctions, and others.

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With the help of online auctions, businesses and customers can deal for nearly any kind of goods and services on a website. Perishable goods like fruits and vegetables, flowers, and high-end items like vehicles, antiques, watches, artwork, and pre-owned goods are a few of them.
GROWTH DRIVERS
The primary factors propelling the growth of the global online auction market include the rapidly shifting consumer behaviour, the simple bidding options provided by online auction sites, the expanding penetration of internet connectivity across emerging economies coupled with the soaring usage of internet for online auctions, the surging millennial population, and the escalating adoption of various digital payment platforms worldwide.
Also, a significant element supporting the growth of the worldwide online auctions market is the ecommerce sector's rising popularity and global expansion. Due to the existence of internet-based market places, the global scope of auctions has greatly expanded. The physical restrictions of conventional auctions have all been removed as a result, and the scope of the auctions has significantly increased. Thus, it is anticipated that the rise of the global e-commerce business will be positive for the development of the online auction market globally.
Ample growth opportunities for the global online auction market are also anticipated during the forecast period as a result of additional factors including the rising sales of art-based goods through online auctions, the increasing user adoption of smartphones, the rising number of technological innovations like person-to-person transactions, and the soaring penetration of casual online sellers across developed regions worldwide.

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ONLINE AUCTION MARKET SEGMENTATION
By Product Type
• Collectibles
• Electronics
• Artistic goods
• Jewelry
• Watches
• Automobiles
• Furniture
• Others

By Business Model
• Business to Business (B2B)
• Business to Consumer (B2C)
• Consumer to Consumer (C2C)

By Platform
• Web-Based
• Application-Based

By End-User
• Individual
• Corporate
• Faith-based Organizations
• Sports Organization
• School & Universities
• Associations
• Others

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

KEY COMPANIES IN ONLINE AUCTION MARKET
• Biddingo.com
• Bonanza Portfolio Ltd.
• Groupon
• Catawiki BV
• eBay Inc.
• A One Salasar Pvt. Ltd.
• Auction House UK Ltd.
• Auction Network
• Auction Technology Group
• eBid Ltd.
• Webstore.com
• Ritchie Bros. Auctioneers
• Live Auctioneers
• Goods Liquidation Auctions
• John Pye & Sons.
• SDL Auctions Limited
• The Auction Company
• Wilsons Auctions
• Other Players

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