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Scanmarket

eAuction Savings Statistics

Your Go-To-Place for Trends on eAuction Categories, Strategies and Auction Formats

At Scanmarket, we have more than 20 years experience in the eAuction space, dating back to our early days of running food auctions in Scandinavia. This has provided us unparalleled data, intelligence and insight into the eAuction space. As a result of this experience (and our fabulous customer base of expert eAuction users) we have collected extensive intelligence on eAuction statistics, savings and trends. 

Each quarter, we share this intelligence with our customers highlighting trends on categories, strategies and auction formats. This information is useful for informing eAuction pipelines and identifying opportunities that otherwise might be overlooked. We invite you to use this information in your own program. 

Scanmarket

eAuction Savings Report Library

eAuction Savings Report Q4 2020

The 4th quarter of 2020 was record-breaking with the highest number of eAuctions ever recorded on the Scanmarket platform. Download the report to find out which category topped the list as the most negotiated category.

eAuction Savings Report Q3 2020

The top 10 highest volume categories remained more or less the same quarter over quarter except for one. Download the report to find out which category changed and why. 

eAuction Savings Report Q2 2020

17.99% Average Savings for All Categories in Q2 2020 and two new categories made it into the top 10 list for average savings, pushing two regulars off the list. 

eAuction Savings Report Q1 2020

First quarter statistics have always been an interesting indication of the year to come and what to expect.

eAuction Savings Report 2019

Check our the Scanmarket year-end eAuction statistics for 2019. Discover the average savings in our top 10 most eAuctioned categories

eAuction Savings Report Q2 2019

Construction & buildings remains the #1 most-auctioned category for Q2 tracking closely with the active global construction markets especially in North America. This quarter also saw a nearly 7 point increase in savings rates to 18,29% (up from 11.30% in Q1)

eAuction Savings Report Q1 2019

Some of the highlights from Q1 include: Activity in Construction & Repair is way up, with this category being the most active area on the Scanmarket platform. And industrial machinery made the "Top 10" list at #4 despite not even having been on the list at all in 2018

eAuction Statistics Highlights

At Scanmarket we are passionate about eAuction statistics. Every quarter we release our latest eAuction statistics and trends. The findings are based on events run through our system, across multiple industries and are the only ones of their kind in the Source-to-Contract space.

The statistics are not only highly engaging for buyers, but are also very informative  and helpful if you are preparing to execute an eAuction. 

Throughout the past twenty years we have accumulated this data and below are some statistical highlights from all eAuctions which have run through Scanmarket over the last decade.

We have seen average savings across all eAuction types of 11,10% icon
We have seen average savings across all eAuction types of 11,10%
Adding one supplier to your event results in additional average savings of 1,1% icon
Adding one supplier to your event results in additional average savings of 1,1%
The average participation rate on eAuction events is 82,58% icon
The average participation rate on eAuction events is 82,58%
The average time of an eAuction is 44,6 minutes icon
The average time of an eAuction is 44,6 minutes

The savings achievable through eAuctions are generally high, but depend on the right strategy and format chosen for the event.  
We distinguish between two types of eAuctions: Reverse and Step Auctions.