June 25, 2024

Used Truck Market Size to Worth USD 109.50 Billion by 2033

The global used truck market size accounted for US$ 45.21 billion in 2023 and is projected to reach around USD 109.50 billion by 2033, growing at a CAGR of 5% from 2023 to 2032.

Used Truck Market Size 2024 to 2033

Key Points

  • Asia Pacific dominated the used truck market in 2023.
  • North America is observed to witness a significant rate of expansion during the forecast period.
  • By vehicle, the medium-duty truck segment dominated the market in 2023.
  • By vehicle, the heavy-duty truck segment is observed to grow at a significant rate during the forecast period.
  • By sales channel, the independent dealer sales segment dominated the market with a CAGR of 58% in 2023.
  • By end user, the construction segment dominated the market with the highest market share in 2023.
  • By end user, the transportation and logistics segment is expected to grow at the fastest rate during the forecast period.

Report Summary

The global used truck market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the used truck market across the globe.

A comprehensive estimate on the used truck market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of used truck during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Used Truck Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 9.25%
Global Market Size in 2023 USD 45.21 Billion
Global Market Size by 2033 USD 109.50 Billion
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Vehicle, By Sales Channel, and By End-user
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized used truck market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Market Players

The report includes the profiles of key used truck market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In January 2024, VE Commercial Vehicles Ltd., another business unit Eicher Trucks and Buses announced to launch the LNG variant of heavy-duty trucks in the same year, as per the Vinod Aggarwal Managing Director & CEO of the company.
  • In January 2024, Volvo, a leading automobile player launched a new heavy-duty truck platform for the market of America simultaneously with a range of heavy-duty truck ranges in the Asia, Europe, Africa, and Australian markets.

Used Trucks Market Companies

  • AB Volvo
  • KENWORTH (PACCAR Inc.)
  • Freightliner Northwest
  • Scania
  • Daimler Truck AG.
  • RENAULT TRUCKS
  • Mascus
  • MAN
  • ASHOK LEYLAND
  • Gordon Truck Centers, Inc.

Segments Covered in the Report

By Vehicle

  • Medium Duty Truck
  • Heavy Duty Truck
  • Off-road Truck

By Sales Channel

  • Independent Dealer
  • Franchise Dealer
  • Peer-to-peer Dealer

By End-user

  • Construction
  • Logistic & Transportation
  • Mining
  • Oil & Gas

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Used Truck Market 

5.1. COVID-19 Landscape: Used Truck Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Used Truck Market, By Vehicle

8.1. Used Truck Market Revenue and Volume, by Vehicle, 2024-2033

8.1.1 Medium Duty Truck

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Heavy Duty Truck

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Off-road Truck

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Used Truck Market, By Sales Channel

9.1. Used Truck Market Revenue and Volume, by Sales Channel, 2024-2033

9.1.1. Independent Dealer

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Franchise Dealer

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Peer-to-peer Dealer

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Used Truck Market, By End-user 

10.1. Used Truck Market Revenue and Volume, by End-user, 2024-2033

10.1.1. Construction

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Logistic & Transportation

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Mining

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

10.1.4. Oil & Gas

10.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Used Truck Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.1.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.1.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.1.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.1.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.2.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.2.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.2.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.2.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.2.6.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.2.7.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.3.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.3.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.3.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.3.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.3.6.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.3.7.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.4.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.4.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.4.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.4.6.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.4.7.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.5.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.5.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)

11.5.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)

11.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

Chapter 12. Company Profiles

12.1. AB Volvo

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. KENWORTH (PACCAR Inc.)

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Freightliner Northwest

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Scania

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Daimler Truck AG.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. RENAULT TRUCKS

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Mascus

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. MAN

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. ASHOK LEYLAND

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Gordon Truck Centers, Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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