Ritchie Bros operates global unreserved auctions-online and in-person-for new and used heavy equipment, trucks and industrial assets, enabling redistribution and second‑hand sales across construction, agriculture, transport and mining sectors.
Circularity Relevance
Core
Primary business is resale of used equipment via auctions - a direct circular activity (second‑hand redistribution). Source: Ritchie Bros, 2025
Circular Role
DirectEnabler
Ritchie Bros directly hosts auctions and facilitates transfer of physical assets between buyers and sellers (handles listings, auctions and related services). Source: Ritchie Bros, 2025
Circular Type
Marketplace
• Products
• B2B
• B2C
Operates a multi‑actor marketplace for physical goods (heavy equipment/trucks). Matches sellers (businesses and individuals) with buyers. Source: Ritchie Bros, 2025 (see 'Find Industrial Equipment' and auction pages).
R Strategy
R3 - Reuse, R2 - Reduce
Primary: R3 (Reuse) - platform enables reuse via resale. Secondary: R2 (Reduce) - inferred benefit from enabling purchase of second‑hand equipment instead of new (inference from service description). Source: Ritchie Bros, 2025
Circular Business Model
Resale / Second-hand
Core function is enabling resale and redistribution of pre‑owned goods (equipment and trucks) via auctions. Source: Ritchie Bros, 2025
Industrial & Manufacturing, Construction & Built Environment
Ritchie Bros specialises in buying and selling heavy equipment and trucks used in construction, mining and industrial activities; categorised under Industrial & Manufacturing and Construction & Built Environment. Source: Ritchie Bros, 2025
The platform sells physical equipment but does not supply or require specialised hardware devices as part of its service delivery (marketplace/auctions only). Source: Ritchie Bros, 2025
Tech Map Relevance
Ritchie Bros is a global auction marketplace for used heavy equipment and trucks - a clear resale/second‑hand enabler consistent with Circular Tech Map inclusion. Source: Ritchie Bros, 2025Source: RB Global, 2025.
Enablers are initially categorised by an AI agent, then verified by a real human. Suggestions or corrections are most welcome.
