by The global used truck market size was estimated to be around US$ 45.21 billion in 2023 and is projected to reach US$ 109.50 billion by 2033, indicating a CAGR of 9.25% from 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.
The market research report on the used truck market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of used truck products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.
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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 |
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The report presents the volume and value-based market size for the base year 2023 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.
Focusing on the global used truck market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the used truck market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.
Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of used truck products across different countries and applications.
Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2024 to 2033. It also includes accurate figures for production capacity and production by region during the same period.
The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.
This in-depth research report offers valuable insights into the used truck market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.
The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the used truck market.
Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
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
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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
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