All of those are connected to the heavy equipment business. They usually require to purchase new machines and looking to sell there used equipment in the market. Any kind of owner it may be a rental company owner or project-based equipment owner. Everyone looking for buys and sells services.
So first in your mind come which are the place through which I can sell or purchase used equipment. It is difficult to sell heavy equipment as compared to any other vehicle like a car or two-wheeler. Its market is very niche so difficult to find the perfect customer for equipment who can give you the right price of your machinery, Vice versa from where you can buy the good condition machine at the best price.
We will let you some of the marketplaces those deal in used construction equipment.
1. Ritchie Bros.
Ritchie bros. is Canada based global asset management and disposition company offering, worldwide solutions for buying and selling of used heavy equipment. The company heading mainly leading platforms for online auction and offline trading. Apart from the online bidding facility, it has a permanent 40+ offline auction site in North America, Europe, Middle East, Asia, and Australia.
Publicly traded on NYSE and TSX:RBA. More than 2000 Employees are working for the company on permanent basis.
Company help thousands of people around the world appraise, sell, inspect, buy, refurbish, ship and finance construction equipment, trucks, mining equipment and other asset yearly.
The company also offers the sector-specific solution by Govplanet, TruckPlanet, and Kruse Energy Auctioneers. Ritchie Bros. bought the mascus.com one the leading online e-marketplace of Europe based country.
Ritchie bros now sister concern companies are Ritchie Bros Auctioneers, Ironplanet, Ritchie Bros Financial Services, Mascus, Salvagesale, Xcira.
2. Machinery Trader
Machinery trader is the oldest company in machinery trading since 1978. The company started the business with the publication of a construction equipment magazine.
Machinery trader purely deals as an online instant inquiry and auction process. It offerings the free listing service to sellers, buyers, and potential renters, The machinery trader is one of the good options who are in this industry and want to buy or sell there used construction equipment from worldwide customers.
Apart from the machinery, the company also trade into the parts, tyre, components, and attachment.
Mascus is the online marketplace for the used machinery, spare and other accessories. Its clientele base is from all over the world. listings are including agriculture, mining, lifting industry, material handling, farm equipment, road equipment, and truck & dumper.
Company founded in 2000 in Netherland. In 2016 Mascus acquired by the Ritchie bros as above stated.
Mascus is just a listing platform for all kinds of dealers, end-users, and stakeholders. Anyone can directly go on-site and register their machinery on the platform just paying small listing fees.
Mascus operated globally in 58 countries. Covering the whole of Europe, Australia, the USA, Canada, Africa, Asia. Mascus Offer: Directory of dealers, manufacturers, spares parts and service providers, Online Inventory management solution for dealers and auctioneers.
This is the top 3 company working worldwide in used heavy equipment. Apart from these are many companies at the national level they working in their niche segment.
machines4u.com.au in Australia
Heavyequipments.in in India
PlantandEquipment.com in the Middle East and African countries
machineseeker.com in the United Kingdom
Related Article – Used Construction equipment market in India
Right now every manufacturer started own portal and offline bidding service for sale there used machine. Companies purchase the used equipment against the new one so all most all big name brand companies have their own department to handle the used equipment worldwide. Caterpillar, JCB, Komatsu are some of them.