Online Classified Market Size

Online Classified Market Overview

The Online Classified market size is projected to grow from USD 126.00 billion in 2024 to USD 741.47 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.80% during the forecast period (2024 - 2032). Additionally, the market size for Online Classified was valued at USD 100.96 billion in 2023.

Increased social media traffic presents unique opportunities to engage with online audiences and high brand awareness. These are the key market drivers enhancing market growth.

Figure 1: Online Classified Market size (2018-2032) (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Online Classified Market Trends

The increasing penetration of smartphones and the internet, along with the ubiquity of media and electronic devices, has transformed the classification into online or digital. Today, people can easily and quickly find what they want online. Online classifieds are affordable and easy for individuals and small businesses to connect with potential customers. Regarding growth prospects or future-proofing your business, there is nothing more affordable and better than an online classifieds platform.

Other factors driving the online classifieds market share include the thriving retail e-commerce industry, rise in smartphone users, rising internet penetration, rising youth population, rise in broadband service providers, cost-effectiveness, and convenience, compared to traditional advertising Media uses a broader range of platforms print media and television, and a high reliance on smart devices such as smartphones, laptops, tablets, etc.

Increasing mobile advertising via mobile devices and increasing adoption of social platforms are likely to create enormous opportunities for market players in the coming years. These are essential factors driving the Online Classified market revenue growth.

Online Classified Market Segment Insights

Online Classified Revenue Source Insights

Based on Revenue Source, the Online Classified market segmentation includes Website Classified, Social Media Classified, and Search Engine Marketing. The social media classified segment held the majority share in 2022, contributing most of the Online Classified market revenue. Online advertising of products or services through classified platforms enables consumers to explore and compare specific products or services better than print advertisements. Few classified platforms also offer a 360-degree view of the Product, giving consumers a better understanding of product size and aesthetics, thereby enhancing the consumer experience. Moreover, with the proliferation of business applications on mobile platforms, classifieds platforms provide more opportunities for buyers and sellers in terms of time and cost savings.

Online Classified Business Model Insights

Business Model has bifurcated the Online Classified market data into Horizontal Model, and Vertical Models. Horizontal Model has a considerable share of the market. Since the horizontal Model focuses on a wide range of products and services and many categories, it cannot fully cover all product varieties under a single category. The landscape model is viral among users because it allows users to post as many ads as possible for free. The Model covers most product and service categories, including electronics, automobiles, and more. Hence, these factors of the horizontal Model will drive the growth of the online classifieds platform market during the forecast period.

Figure 2: Online Classified Market by Type, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Online Classified Type Insights

Based on Type, the Online Classified industry has been segmented into Product classified, and Service classified. The Service classified segment is expected to contribute a higher market share. Online classifieds platforms are platforms where advertisers must pay a fee to post their ads. It's usually a flat fee, but some platforms charge by time or impressions. This type is suitable for users and advertisers as it reduces unexpected spending for users while also opening opportunities to more people looking for a particular category of product/service.

Online Classified Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American market, which accounted for USD 37.0 billion in 2022, is expected to exhibit a significant CAGR growth during the study period. A growing number of Internet users, rapid adoption of innovative technologies to improve efficiency and perform daily activities, emerging industries of online analysts, social media managers, and videographers, presence of a large number of e-commerce companies, and considerable investments in the adoption of artificial intelligence and big data New technologies such as data for online classifieds are boosting the growth of the online classifieds market in this Region. The US holds the largest market share as it is the hub of activity centered on online channels.

Further, the significant countries studied in the market report are The U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Online Classified market accounts for the second-largest market share. A surging number of internet users, rapid adoption of innovative technologies to improve efficiency and daily tasks, huge technological dependency, and massive growth of online marketing media platforms, countries such as Norway and France are witnessing the growing popularity of horizontal classification models, increasingly used Consumers use classified platforms to search for second-hand goods in different categories. Germany and the U.K. have witnessed the growing popularity of online classifieds with vertical business models, all contributing to the growth of the online classifieds market in the Region. Further, the German Online Classified market held the largest market share, and the U.K. Online Classified market was the fastest-growing market in the European Region.

The Asia-Pacific Online Classified Market is expected to grow at the fastest CAGR from 2022 to 2030. Considerable investments in digital advertising coupled with a rising number of businesses are driving the growth of this Region's online classifieds market. Moreover, the China Online Classified market held the largest market share, and the Indian Online Classified market was the fastest-growing market in the Asia-Pacific region.

Online Classified Key Market Players & Competitive Insights

Major market players are spending a lot on R&D to increase their Type lines, which will help the Online Classified market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new Type launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Online Classified industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the Online Classified industry to benefit clients and expand the market sector. The Online Classified industry has provided medicine with some of the most significant benefits in recent years. In the Online Classified markets, major players such as Masig (Singapore), Singapore Press Holdings Ltd. Co. (Singapore), Syoknya (Malaysia), Jualo (Malaysia), and others are working on expanding the market demand by investing in research and development activities.

Masig Island is an island (also known as York Island) and place in the Torres Strait Islands region of Queensland, Australia. According to the 2016 census, Masig Island has a population of 270. There was a subsequent successful switch to commercial mackerel, prawn, and crayfish fisheries. Since the late 1970s, the island has operated a lucrative fish processing factory, freezing and airlifting the catch to markets in the south.

Also, Singapore Press Holdings Pte Ltd (SPH) is an organization engaged in real estate and aged care businesses in Singapore. Since its acquisition by Cuscaden Peak in 2022, it has changed its name to Cuscaden Peak Investments. The company remains one of the "blue chip" stocks on the Singapore Exchange (SGX) until it is delisted on May 13, 2022, following its acquisition by Cuscaden Peak. [3][1] It was also a constituent of the Straits Times Index until its removal on June 22, 2020.

Key Companies in the Online Classified market include

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  Masig (Singapore)

  
  


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  Singapore Press Holdings Ltd. Co. (Singapore)

  
  


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  Syoknya (Malaysia)

  
  


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  Jual (Malaysia)

  
  


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  Craigslist (US)

  
  


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  my (US), among others

  
  

Online Classified Industry Developments

In April 2024: Public learned that eBay and Collectors had agreed on the interactions after Goldin was put on the market. This was expected as the parent company of PSA is a Global commerce organization that has the ability to connect with buyers on an international level as eBay was looking for suitable sellers for its product. eBay vaults were also transferred from eBay to PSA.

May 2024, after being bought by Cartrade Tech OLX, the well-known classified ads site within the Indian market, has plans to refocus back on its core competencies.

As the offer-up service continues to expand, other providers will have to respond, and this is why Craiglist has said that they will be broadening their regional coverage. This appears to be the start of an initiative to be more competitive within the market.

This is a vital addition for eBay Listings as it aims to expand its presence in the sphere around Europe and strengthen its customer offer, as more countries are looking to make more use of calling platforms, Gumtree being one of them.

January 2023 – As reported by Craigslist, the company plans to add more sub-regional content to their portfolio. As it is, this forms part of the bigger campaign that Craigslist has in place targeting other providers of classified services such as OfferUp.

February 2023 – eBay Listings announced intentions of acquiring Gumtree, a well-known classified site in the UK. This deal would probably assist eBay Listings in cementing its presence in the European market.

Online Classified Market Segmentation

Online Classified Revenue Source Outlook

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  Website Classified

  
  


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  Social Media Classified

  
  


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  Search Engine Marketing

  
  

Online Classified Business Model Outlook

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  Horizontal Model

  
  


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  Vertical Model

  
  

Online Classified Type Outlook

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  Product Classified

  
  


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  Service Classified

  
  

Online Classified Regional Outlook