How Online Industrial Equipment Auctions Have Transformed The Industrial Market
April 1, 2023 ⚊ 1 Min read ⚊ Views 69 ⚊ BUSINESSWith the advancement in technology, online industrial equipment auctions have become a popular option in recent times. Both sellers and buyers now prefer online auctions over traditional auctions as they save time and are much more convenient. Especially after the Covid-19 pandemic, there has been a steady increase in virtual auctions. While the global online auction market in 2021 stood at US$5.90 billion, reports suggest that it is likely to reach US$11.47 billion by 2027. With buyers and sellers embracing digital transformation as seen with online auctions, the industrial world has undergone a massive transformation.
Tags: Industrial Equipment Auctions