by The used truck market size is poised to grow by USD 109.50 billion by 2033 from USD 45.21 billion in 2023, exhibiting a CAGR of 9.25% during the forecast period 2024-2033.
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.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Used truck market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Used truck Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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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 empirical study on the global Used truck market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Used truck Market. Our market report for the Used truck market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
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.
Data Sources and Methodology
To gather comprehensive insights on the Global Used truck Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Used truck Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Used truck market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2024 to 2033.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
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
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Used truck market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Used truck market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Used truck market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Used truck market but also the strategic plans of industry leaders.
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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