Global Online Charity Auctions Market Overview:
Charity auctions are one of the ways for raising funds for the purpose of charities wherein the items which sell well are usually experiential items that cannot be bought normally in-store, including the celebrity meetings, character naming rights in any upcoming novel, and a signed guitar. In a charity auction, the winning payment benefits something that is likely to be appreciated by both the bidder and competing bidders. The bidder thus benefits from his own payment, both the item won and the value that the donation will benefit the organization and other bidders by supporting their charity. Therefore, bidders have two goals that could conflict with each other to gain items that they value, but also to support a charitable cause by increasing the price in part. This makes the charity auction a public good, and it means that bidders may receive incentives to lose. Theoretical work has examined the characteristics of different formats of charity auctions, assuming that bidders take care of the charity's revenue. The overall result is that private benefits from charitable donations can lead to a “charity bonus,” an increase in auction revenue that results from charitable donations.
- Increase in Sales of Art-Based Goods through Online Auctions
- The Increasing Need to Support Customer Online in Small Businesses Regarding the Product
- Increasing Competitiveness among the key Players Regarding Auctioning of Products
- Growing Trend of Saving and Reducing Time of Carrying Out Physical Auctions
- Increase In Popularity of Online Auction Ads
- The Threat of Online Piracy
- Increasing Penetration of Smartphone has Boosted Demand for Online Charity Auctions
- Unawareness About the Online Charity Auctions in Under Developed Regions
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are CharityAuctionsToday (United States), 24Fundraiser (United States), BiddingForGood (United States), SchoolAuction.net (United States), eBay (United States), BiddingOwl (United States), Auctria.com (Canada), 501 Auctions (United States), Silent Auction Pro (United States), ReadySetAuction (United States), 32auctions (United States), GiveSmart (United States) and Bonanza (United States). Additionally, following companies can also be profiled that are part of our coverage like eBid (Lome), OnlineAuction.com (United States) and Webstore.com (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Online Charity Auctions market by 2025. Considering Market by Product Types, the sub-segment i.e. Collectibles will boost the Online Charity Auctions market. Considering Market by Device Used, the sub-segment i.e. Tablets will boost the Online Charity Auctions market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Charity Auctions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Charity Auctions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Online Charity Auctions, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.