An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today.
Market Analysis and Insights: Global Auction Services Market
The global Auction Services market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Small Business accounting for % of the Auction Services global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Absolute Auction segment is altered to an % CAGR throughout this forecast period.
China Auction Services market size is valued at US$ million in 2021, while the North America and Europe Auction Services are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Auction Services landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Auction Services 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 Auction Services market in terms of revenue.
Overall, 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 Auction Services 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 Auction Services market.
Global Auction Services Scope and Market Size
Auction Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Auction Services 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 for the period 2017-2028.
Segment by Type
- Small Business
- Medium Business
- Large Business
Segment by Application
- Absolute Auction
- Minimum Bid Auction
- Reserve Auction
By Company
- Sotheby's
- Property Auction Services
- KAR Auction Services
- Christie's
- Nagel
- Zhongzheng Auction
- PHILLIPS
- Poly Auction
- Guardian Auction
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Nordic Countries
- 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
TABLE OF CONTENTS
1 Report Business Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global Auction Services Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
- 1.2.2 Small Business
- 1.2.3 Medium Business
- 1.2.4 Large Business
- 1.3 Market by Application
- 1.3.1 Global Auction Services Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
- 1.3.2 Absolute Auction
- 1.3.3 Minimum Bid Auction
- 1.3.4 Reserve Auction
- 1.4 Study Objectives
- 1.5 Years Considered
2 Global Growth Trends
- 2.1 Global Auction Services Market Perspective (2017-2028)
- 2.2 Auction Services Growth Trends by Region
- 2.2.1 Auction Services Market Size by Region: 2017 VS 2021 VS 2028
- 2.2.2 Auction Services Historic Market Size by Region (2017-2022)
- 2.2.3 Auction Services Forecasted Market Size by Region (2023-2028)
- 2.3 Auction Services Market Dynamics
- 2.3.1 Auction Services Industry Trends
- 2.3.2 Auction Services Market Drivers
- 2.3.3 Auction Services Market Challenges
- 2.3.4 Auction Services Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Top Auction Services Players by Revenue
- 3.1.1 Global Top Auction Services Players by Revenue (2017-2022)
- 3.1.2 Global Auction Services Revenue Market Share by Players (2017-2022)
- 3.2 Global Auction Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Players Covered: Ranking by Auction Services Revenue
- 3.4 Global Auction Services Market Concentration Ratio
- 3.4.1 Global Auction Services Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by Auction Services Revenue in 2021
- 3.5 Auction Services Key Players Head office and Area Served
- 3.6 Key Players Auction Services Product Solution and Service
- 3.7 Date of Enter into Auction Services Market
- 3.8 Mergers & Acquisitions, Expansion Plans
4 Auction Services Breakdown Data by Type
- 4.1 Global Auction Services Historic Market Size by Type (2017-2022)
- 4.2 Global Auction Services Forecasted Market Size by Type (2023-2028)
5 Auction Services Breakdown Data by Application
- 5.1 Global Auction Services Historic Market Size by Application (2017-2022)
- 5.2 Global Auction Services Forecasted Market Size by Application (2023-2028)
6 North America
- 6.1 North America Auction Services Market Size (2017-2028)
- 6.2 North America Auction Services Market Size by Type
- 6.2.1 North America Auction Services Market Size by Type (2017-2022)
- 6.2.2 North America Auction Services Market Size by Type (2023-2028)
- 6.2.3 North America Auction Services Market Share by Type (2017-2028)
- 6.3 North America Auction Services Market Size by Application
- 6.3.1 North America Auction Services Market Size by Application (2017-2022)
- 6.3.2 North America Auction Services Market Size by Application (2023-2028)
- 6.3.3 North America Auction Services Market Share by Application (2017-2028)
- 6.4 North America Auction Services Market Size by Country
- 6.4.1 North America Auction Services Market Size by Country (2017-2022)
- 6.4.2 North America Auction Services Market Size by Country (2023-2028)
- 6.4.3 U.S.
- 6.4.4 Canada
7 Europe
- 7.1 Europe Auction Services Market Size (2017-2028)
- 7.2 Europe Auction Services Market Size by Type
- 7.2.1 Europe Auction Services Market Size by Type (2017-2022)
- 7.2.2 Europe Auction Services Market Size by Type (2023-2028)
- 7.2.3 Europe Auction Services Market Share by Type (2017-2028)
- 7.3 Europe Auction Services Market Size by Application
- 7.3.1 Europe Auction Services Market Size by Application (2017-2022)
- 7.3.2 Europe Auction Services Market Size by Application (2023-2028)
- 7.3.3 Europe Auction Services Market Share by Application (2017-2028)
- 7.4 Europe Auction Services Market Size by Country
- 7.4.1 Europe Auction Services Market Size by Country (2017-2022)
- 7.4.2 Europe Auction Services Market Size by Country (2023-2028)
- 7.4.3 Germany
- 7.4.4 France
- 7.4.5 U.K.
- 7.4.6 Italy
- 7.4.7 Russia
- 7.4.8 Nordic Countries
8 Asia-Pacific
- 8.1 Asia-Pacific Auction Services Market Size (2017-2028)
- 8.2 Asia-Pacific Auction Services Market Size by Type
- 8.2.1 Asia-Pacific Auction Services Market Size by Type (2017-2022)
- 8.2.2 Asia-Pacific Auction Services Market Size by Type (2023-2028)
- 8.2.3 Asia-Pacific Auction Services Market Share by Type (2017-2028)
- 8.3 Asia-Pacific Auction Services Market Size by Application
- 8.3.1 Asia-Pacific Auction Services Market Size by Application (2017-2022)
- 8.3.2 Asia-Pacific Auction Services Market Size by Application (2023-2028)
- 8.3.3 Asia-Pacific Auction Services Market Share by Application (2017-2028)
- 8.4 Asia-Pacific Auction Services Market Size by Region
- 8.4.1 Asia-Pacific Auction Services Market Size by Region (2017-2022)
- 8.4.2 Asia-Pacific Auction Services Market Size by Region (2023-2028)
- 8.4.3 China
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Southeast Asia
- 8.4.7 India
- 8.4.8 Australia
9 Latin America
- 9.1 Latin America Auction Services Market Size (2017-2028)
- 9.2 Latin America Auction Services Market Size by Type
- 9.2.1 Latin America Auction Services Market Size by Type (2017-2022)
- 9.2.2 Latin America Auction Services Market Size by Type (2023-2028)
- 9.2.3 Latin America Auction Services Market Share by Type (2017-2028)
- 9.3 Latin America Auction Services Market Size by Application
- 9.3.1 Latin America Auction Services Market Size by Application (2017-2022)
- 9.3.2 Latin America Auction Services Market Size by Application (2023-2028)
- 9.3.3 Latin America Auction Services Market Share by Application (2017-2028)
- 9.4 Latin America Auction Services Market Size by Country
- 9.4.1 Latin America Auction Services Market Size by Country (2017-2022)
- 9.4.2 Latin America Auction Services Market Size by Country (2023-2028)
- 9.4.3 Mexico
- 9.4.4 Brazil
10 Middle East & Africa
- 10.1 Middle East & Africa Auction Services Market Size (2017-2028)
- 10.2 Middle East & Africa Auction Services Market Size by Type
- 10.2.1 Middle East & Africa Auction Services Market Size by Type (2017-2022)
- 10.2.2 Middle East & Africa Auction Services Market Size by Type (2023-2028)
- 10.2.3 Middle East & Africa Auction Services Market Share by Type (2017-2028)
- 10.3 Middle East & Africa Auction Services Market Size by Application
- 10.3.1 Middle East & Africa Auction Services Market Size by Application (2017-2022)
- 10.3.2 Middle East & Africa Auction Services Market Size by Application (2023-2028)
- 10.3.3 Middle East & Africa Auction Services Market Share by Application (2017-2028)
- 10.4 Middle East & Africa Auction Services Market Size by Country
- 10.4.1 Middle East & Africa Auction Services Market Size by Country (2017-2022)
- 10.4.2 Middle East & Africa Auction Services Market Size by Country (2023-2028)
- 10.4.3 Turkey
- 10.4.4 Saudi Arabia
- 10.4.5 UAE
11 Key Players Profiles
- 11.1 Sotheby's
- 11.1.1 Sotheby's Company Details
- 11.1.2 Sotheby's Business Overview
- 11.1.3 Sotheby's Auction Services Introduction
- 11.1.4 Sotheby's Revenue in Auction Services Business (2017-2022)
- 11.1.5 Sotheby's Recent Developments
- 11.2 Property Auction Services
- 11.2.1 Property Auction Services Company Details
- 11.2.2 Property Auction Services Business Overview
- 11.2.3 Property Auction Services Auction Services Introduction
- 11.2.4 Property Auction Services Revenue in Auction Services Business (2017-2022)
- 11.2.5 Property Auction Services Recent Developments
- 11.3 KAR Auction Services
- 11.3.1 KAR Auction Services Company Details
- 11.3.2 KAR Auction Services Business Overview
- 11.3.3 KAR Auction Services Auction Services Introduction
- 11.3.4 KAR Auction Services Revenue in Auction Services Business (2017-2022)
- 11.3.5 KAR Auction Services Recent Developments
- 11.4 Christie's
- 11.4.1 Christie's Company Details
- 11.4.2 Christie's Business Overview
- 11.4.3 Christie's Auction Services Introduction
- 11.4.4 Christie's Revenue in Auction Services Business (2017-2022)
- 11.4.5 Christie's Recent Developments
- 11.5 Nagel
- 11.5.1 Nagel Company Details
- 11.5.2 Nagel Business Overview
- 11.5.3 Nagel Auction Services Introduction
- 11.5.4 Nagel Revenue in Auction Services Business (2017-2022)
- 11.5.5 Nagel Recent Developments
- 11.6 Zhongzheng Auction
- 11.6.1 Zhongzheng Auction Company Details
- 11.6.2 Zhongzheng Auction Business Overview
- 11.6.3 Zhongzheng Auction Auction Services Introduction
- 11.6.4 Zhongzheng Auction Revenue in Auction Services Business (2017-2022)
- 11.6.5 Zhongzheng Auction Recent Developments
- 11.7 PHILLIPS
- 11.7.1 PHILLIPS Company Details
- 11.7.2 PHILLIPS Business Overview
- 11.7.3 PHILLIPS Auction Services Introduction
- 11.7.4 PHILLIPS Revenue in Auction Services Business (2017-2022)
- 11.7.5 PHILLIPS Recent Developments
- 11.8 Poly Auction
- 11.8.1 Poly Auction Company Details
- 11.8.2 Poly Auction Business Overview
- 11.8.3 Poly Auction Auction Services Introduction
- 11.8.4 Poly Auction Revenue in Auction Services Business (2017-2022)
- 11.8.5 Poly Auction Recent Developments
- 11.9 Guardian Auction
- 11.9.1 Guardian Auction Company Details
- 11.9.2 Guardian Auction Business Overview
- 11.9.3 Guardian Auction Auction Services Introduction
- 11.9.4 Guardian Auction Revenue in Auction Services Business (2017-2022)
- 11.9.5 Guardian Auction Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
- 13.3 Disclaimer