According to a report by Grand View Research, the global heavy equipment market size was valued at USD 180.66 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. The report notes that increasing construction and infrastructure development activities across the globe, especially in emerging economies, are driving the growth of the heavy equipment market.
The importance of buying and selling heavy equipment cannot be overstated. For businesses that rely on heavy equipment to carry out their operations, it is essential to have the right equipment available at all times. This means purchasing machinery as needed, as well as selling or trading in older equipment that may no longer be as efficient or effective.
The used equipment market is also a significant aspect of the heavy equipment industry. Used equipment can often be a cost-effective solution for businesses that need to replace equipment but may not have the budget to purchase new machinery. Many equipment dealers offer used equipment that has been refurbished and is in good working condition, making it a reliable option for businesses.
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There are several options for buying used heavy equipment, including equipment dealers, private sellers, and online auctions.
Equipment dealers are a popular option for buying used heavy equipment, as they typically offer a wide selection of equipment and can provide after-sales support and maintenance services. Some examples of equipment dealers include Caterpillar, Komatsu, and John Deere. These dealers typically offer certified used equipment that has been inspected and refurbished to ensure that it is in good working condition.
Private sellers are another option for buying used heavy equipment. Websites such as Craigslist and eBay often have listings for used equipment that is being sold by private individuals. However, it is essential to exercise caution when purchasing from private sellers, as the equipment may not have been inspected or refurbished.
Online auctions are becoming the best way to buy heavy equipment. Online industrial marketplaces such as the Aucto Marketplace offer a wide selection of used equipment from reputable sellers around the world. These auctions allow buyers to bid on equipment and purchase it at a price that is often below market value, all at the comfort of their own home or office.
The Aucto Marketplace is a popular online platform for buying and selling heavy equipment, machinery, and industrial assets. There are several reasons why buying heavy equipment on the Aucto Marketplace can be advantageous.
The Aucto Marketplace offers a range of equipment from reputable sellers around the world. Buyers can browse through thousands of listings and find the equipment that best meets their needs. This large selection also increases the likelihood of finding equipment at a competitive price.
You can access detailed equipment descriptions and photos, as well as inspection reports and equipment history, directly within each listing. This transparency allows buyers to make informed decisions and reduces the risks associated with purchasing equipment.
When purchasing on the Aucto marketplace, you know you are getting a great deal on heavy equipment. You are able to set the amount you wish to bid and pay exactly what you want for the heavy machinery you need. Our sellers are motivated and looking for buyers to quickly come and purchase their used heavy equipment. This enables our buyers to find great deals that are usually not available on any other marketplace.
The Aucto Marketplace is home to over 10,000 product categories. Some of the most popular Heavy Equipment products available on the marketplace include:
The demand for used heavy equipment and construction machinery is at an all-time high. Many factors, including the global supply chain challenges, increased demand for quality used equipment in international markets. Now is the best time to sell your heavy equipment on an online marketplace.
When it comes to selling heavy equipment, proper preparation can make all the difference in attracting potential buyers and getting the best possible price. Preparing heavy equipment for sale involves several important steps, including assessing its condition, age, usage history, and other relevant details.
A private treaty sale is one of the simplest ways to sell heavy equipment, however it does come with many challenges. This selling method requires the seller to do the majority of the heavy lifting from preparing the heavy machinery to going out and soliciting buyers and advertising the equipment. Once a potential buyer is found, the seller must negotiate with the buyer and handle all the invoicing, and logistical aspects after the sale. Although this method allows for the most control for the seller, it requires the most effort and time.
Machinery dealers will often look to either purchase your old heavy equipment or broker a deal between you and a buyer. By adding a new middleman into the sales process, this often drives down the potential recovery value from your assets, since machinery dealers will charge a few for the transaction. While the effort is considerably lower than a private treaty sale, the recovery rate may not be as high depending on the equipment and the commission fees charged by the machinery dealer.
Online marketplaces such as the Aucto Marketplace have been very popular in the last few years, as it allows organizations to sell these assets in the comfort of their own office, or site and have complete control over the sale. These options are also typically more cost-effective than traditional auctioneers or equipment dealers, meaning a higher net return for the seller. This option allows for buyers to compete with each other driving up your possible return, without the seller having to put additional time and effort into the sale.
Aucto has an industry-standard, established process for machinery auctions. All you need to do is share the equipment list with our team and let Aucto steer the process from there. You can choose to be as involved as you want or leave it up to us to help you oversee the entire process. It’s that simple.