eBay have announced a partnership and investment in bidadoo, an online remarketing and auction company of equipment, trucks and capital assets. eBay already provides a home to sellers of a wide selection of equipment, trucks, parts and attachments for industries from construction to transportation to agriculture. This partnership will combine the proven platform and global reach of eBay with the unique capabilities and experience of bidadoo.
In the United States, the used Heavy Equipment market is estimated to be between $50 billion and $60 billion. This highly fragmented industry — historically reliant on offline, in-person sales and auctions — has seen adoption of online equipment marketplaces accelerate through the COVID-19 pandemic. This trend further enhances eBay’s ecosystem of cross-category commerce, which sees high-value buyers on the marketplace purchase in more than one category. Of note, 25% of equipment buyers on eBay also purchase parts and attachments for their machines. Through this partn
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