Market Share of Hard Asset Equipment Online Auction Industry
The hard asset equipment online market exhibits a moderate level of consolidation, boasting the presence of several key players, including AllStar Auctions Inc., Auction Technology Group Plc, Bar None Auction, BPI Auctions Ltd., and Bruce Schapansky Auctioneers Inc. These companies consistently channel their efforts into strategic partnerships and product developments as part of their quest for a significant market share. Noteworthy recent developments in the market include:
In January 2023, a Nashville-based entrepreneur and registered Hereford breeder announced the launch of a cutting-edge online platform, Sale Day (agsaleday.com). This platform represents a merger with Lowderman Auction Options (lowdermanauctionoptions.com), a venerable agricultural auction house based in Colchester, Illinois. Sale Day specializes in auctions related to cattle, equine, sheep, goats, land, and agricultural equipment.
In June 2023, Tauber-Arons Inc., a leading player in the industrial auction sector, revealed an exciting partnership with Regal Equipment. This collaboration is geared towards conducting a timed online auction featuring state-of-the-art pet food manufacturing and packaging equipment. Tauber-Arons Inc., renowned for its longstanding commitment to excellence in the auction of industrial equipment and machinery, benefits from this partnership by tapping into the extensive expertise of Regal Equipment, a prominent name in the food processing industry. This collaboration significantly broadens the scope and knowledge base for the upcoming auction event.
Hard Asset Equipment Online Auction Market Leaders
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AllStar Auctions Inc.
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Auction Technology Group Plc
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Bar None Auction
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BPI Auctions Ltd.
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Bruce Schapansky Auctioneers Inc.
*Disclaimer: Major Players sorted in no particular order
