Governments across the world are increasingly leveraging online auctions to sell their surplus inventory, including hard assets such as equipment and vehicles.
This is helping government agencies increase their revenue as well as cut down their inventory management costs and procurement costs. Government agencies are also leveraging commercial auction websites to sell their surplus assets. For instance, GovDeals is a website that conducts an auction of city assets such as vehicles, police automobile accessories, office furniture, and other supplies. Government agencies such as the Government of the District of Columbia, US, auctions its surplus assets through this website.

Market Analysis and Insights: Global Hard Asset Equipment Online Auction Market
The global Hard Asset Equipment Online Auction market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Hard Asset Equipment Online Auction market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Hard Asset Equipment Online Auction market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Hard Asset Equipment Online Auction market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Hard Asset Equipment Online Auction market.

Global Hard Asset Equipment Online Auction Scope and Market Size
Hard Asset Equipment Online Auction market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Hard Asset Equipment Online Auction market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Construction
Transportation
Agriculture
Other equipment

Segment by Application
B2B
B2C

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Euro Auctions UK Ltd.
Machinery Auctioneers
Proxibid Inc.
Ritchie Bros. Auctioneers Inc.
Sandhills Global Inc.