NAICS 454112: Electronic Auctions
NAICS 454112 - Electronic Auctions covers businesses primarily engaged in retailing merchandise through electronic auction platforms. This industry involves the operation of online marketplaces where goods are sold to the highest bidder, integrating e-commerce logistics with real-time bidding technology.
Industry Spending Overview
Federal obligations, top contractors and agencies, and related industry codes for NAICS 454112.
AI Industry Description
NAICS 454112 - Electronic Auctions covers businesses primarily engaged in retailing merchandise through electronic auction platforms. This industry involves the operation of online marketplaces where goods are sold to the highest bidder, integrating e-commerce logistics with real-time bidding techno...
NAICS 454112 - Electronic Auctions covers businesses primarily engaged in retailing merchandise through electronic auction platforms. This industry involves the operation of online marketplaces where goods are sold to the highest bidder, integrating e-commerce logistics with real-time bidding technology. In the government contracting landscape, this code typically applies to the disposal of surplus federal property, where agencies utilize electronic auction services to liquidate assets, equipment, and inventories to the public or other government entities.
Competition
How many companies historically bid on federal awards in NAICS 454112, from bidder counts reported on USAspending.
Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 224 reported awards
Median Bidders
1
Per reported award, all-time
Single-Bid Awards
70%
Share of reported awards with one bidder
10+ Bidder Awards
0%
Share of reported awards with 10+ bidders
Reported Awards
224
93% of 241 total awards
Share of reported awards in each bidder-count bracket per federal fiscal year.
How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.
| Industry Family | Competition | Median Bidders | Single-Bid | Bidder Mix | Reported Awards |
|---|---|---|---|---|---|
454112This Code Electronic Auctions | Usually Single-Bid | 1 | 70% | 22493% of 241 | |
45411NAICS Industry | Fewer Bidders | 2 | 49% | 4,31189% of 4,830 | |
4541Industry Group | Fewer Bidders | 2 | 49% | 4,31189% of 4,830 | |
454Subsector | Usually Single-Bid | 1 | 51% | 36,90986% of 43,155 | |
45Sector Retail Trade | Usually Single-Bid | 1 | 81% | 625,31830% of 2,070,615 |
Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.
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