April 19, 2024

Used Truck Market Size to Grow USD 109.50 Billion by 2033

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.

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.

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

Read More:  Healthcare Fraud Detection Market Size to Attain USD 6.64 Bn by 2033

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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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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