Online Salvage Auctions Market Projected to Reach $25.67 Bn by 2030

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The online salvage auctions market is expected to see robust growth, expanding from $10.71 billion in 2025 to $12.78 billion by 2026 at a CAGR of 19.3%. This expansion is driven by factors like increased insurance total loss volumes, rising vehicle ownership rates, greater internet accessibility, and the growing use of online bidding platforms. Looking ahead, the market is projected to continue its strong trajectory, reaching $25.67 billion by 2030 with a CAGR of 19%. Key drivers for this forecasted growth include a rise in electric vehicle salvage volumes, increased demand for recycled auto parts, globalization of the used vehicle trade, advancements in digital auction infrastructures, and enhanced regulatory focus on asset traceability.

Why it matters

The growth of the online salvage auctions market reflects broader trends in the automotive industry, including the rise of electric vehicles, the increasing focus on sustainability and recycling, and the digitalization of sales and procurement processes. As more vehicles reach the end of their lifespan, the demand for efficient and transparent salvage auction platforms will continue to grow, impacting insurers, dealers, and the broader circular economy.

The details

The online salvage auctions market has seen significant expansion in recent years, driven by factors such as increased insurance total loss volumes, rising vehicle ownership rates, greater internet accessibility, and the growing use of online bidding platforms. Companies in this sector are focusing on innovations like embedded digital payments to accelerate total-loss cycle times and enhance transparency throughout the auction process. Geographically, North America led the market in 2025, while Asia-Pacific is poised to be the fastest-growing region. The market generates revenue primarily through services such as auction listings, digital bidding, and asset inspection.

• The online salvage auctions market expanded from $10.71 billion in 2025 to $12.78 billion by 2026 at a CAGR of 19.3%.
• The market is projected to reach $25.67 billion by 2030 with a CAGR of 19%.

What’s next

As the online salvage auctions market continues to evolve, industry players will likely focus on further innovations to streamline the auction process, enhance transparency, and capitalize on emerging trends like the growth of electric vehicle salvage volumes and the increasing demand for recycled auto parts.