Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:7.89

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.89

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf

Report Overview

Used Truck Market Analysis Report 2023-2032

The Used Truck Market is positioned to experience a Compound Annual Growth Rate (CAGR) of 7.82% between 2022 and 2032. During this period, the market size is expected to witness a substantial increase of USD 3,267.91 million. The growth of this market is driven by a combination of factors, including economic factors, evolving consumer preferences, and the desire for cost-effective and reliable transportation solutions. The market revolves around the buying and selling of pre-owned trucks, addressing the diverse needs of consumers.

Used Truck Market Overview

Drivers:

One of the primary drivers behind the growth of the Used Truck Market is the cost-efficiency of buying used trucks. With the prices of new trucks on the rise, consumers, including businesses, are increasingly turning to the used truck market to find dependable and affordable commercial vehicles. This economic factor is compelling individuals and enterprises to explore the wide range of used trucks available.

Moreover, the expanding logistics and transportation sector plays a significant role in driving market growth. As the demand for the movement of goods continues to rise, businesses require an extensive fleet of trucks, leading to increased interest in cost-effective used truck options.

Trends:

An important trend shaping the Used Truck Market is the digitalization of the buying and selling process. Online platforms and apps are becoming popular channels for purchasing used trucks, offering convenience and access to a broader selection of commercial vehicles. This trend is expected to continue, making the market more accessible and efficient.

Additionally, the growth of the e-commerce industry has led to increased demand for delivery trucks. As a result, the market for used delivery trucks is expanding to meet the needs of businesses involved in e-commerce and last-mile delivery services.

Restraints:

One of the challenges in the Used Truck Market is the variability in the condition of used trucks. The quality and history of these vehicles can vary significantly, leading to concerns about reliability and potential hidden issues. This variability poses a restraint to market growth as consumers, especially businesses, may be hesitant to purchase used trucks due to uncertainty about their condition.

Furthermore, navigating the regulatory landscape related to the sale and use of commercial vehicles can be complex, with regulations varying by region. This complexity may pose challenges for buyers and sellers alike, affecting market dynamics.

Used Truck Market Segmentation By Vehicle Type

The market encompasses various types of commercial vehicles, catering to different segments of consumers. Some of the key segments include:

Delivery Trucks: These are in high demand due to the growth of e-commerce and the need for last-mile delivery.
Semi-Trucks: Businesses involved in long-haul transportation often seek cost-effective used semi-trucks for their fleets.
Utility and Construction Trucks: These are essential for industries that require rugged and specialized vehicles for their operations.

Used Truck Market Segmentation By Sales Channel

The market features several sales channels, each offering unique advantages:

Online Platforms: Digital platforms and apps offer convenience and a wide selection of used trucks, making them popular among consumers.
Dealerships: Traditional dealerships remain a popular choice, especially for businesses looking for a physical location to view and purchase trucks.
Private Sellers: Buying from private sellers can offer cost advantages but may require more diligence in assessing the truck's condition.

Regional Overview:

Download the report summary now!

Request pdf Sample

North America: The United States and Canada are significant players in the North American Used Truck Market. The growing need for transportation in the region, especially in the logistics and e-commerce sectors, is driving market growth.

Europe: The United Kingdom, Germany, and France are key European markets for used trucks. Economic factors, the demand for delivery vehicles, and digitalization are influencing growth.

APAC: The Asia-Pacific region, including China, Japan, and India, is experiencing growth in the used truck market due to the rising need for commercial vehicles in various industries.

Latin America: Brazil and Mexico are prominent markets in the region, with economic considerations being a key driver of market growth.

Middle East & Africa: The market in the Middle East and Africa is growing, primarily due to increased economic activities and transportation needs.

Used Truck Market Customer Landscape

Understanding the customer landscape is essential in this market. The report provides insights into consumer preferences, from price sensitivity to the factors influencing their choice of sales channel. These insights help companies tailor their strategies to meet the diverse needs of their target audience.

Major Used Truck Market Companies

Prominent players in the Used Truck Market are implementing various strategies to enhance their market presence. These strategies include strategic collaborations, mergers and acquisitions, new service offerings, geographic expansion, and technological innovations.

A sample list of major companies in the market includes:

TruckSelect
EcoTruck International
LogisticsWheels
GreenHaul Trucks
CommercialAutoXchange

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. Categorizing companies based on their market focus and influence provides a comprehensive view of the competitive environment.

Segment Overview

The Used Truck Market report provides revenue forecasts on a global, regional, and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Vehicle Type Outlook (USD Million, 2019 - 2032)

Delivery Trucks
Semi-Trucks
Utility and Construction Trucks

Sales Channel Outlook (USD Million, 2019 - 2032)

Online Platforms
Dealerships
Private Sellers

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Used Truck MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Used Truck MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Used Truck Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Used Truck MARKET BY Vehicle type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Light Trucks

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Medium-duty Trucks

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Heavy-duty Trucks

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Used Truck MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 End user1

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 End user2

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 End user 3

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Used Truck MARKET REGIONAL OUTLOOK

7.1. Used Truck Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Used Truck Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Used Truck Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Used Truck Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Used Truck Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Used Truck Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Used Truck Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Daimler AG

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Volvo Trucks

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Scania

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 MAN SE

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Renault SA

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Request for Special Pricing

Personalized Business Report Tailored to Your Requirements

Our expert analysts collaborate directly with you to comprehend your specific needs.
Get data on regions, segments, competitors, and vendors of your choice.
Information is presented in alignment with your exact preferences and formatting.

Request for customization

Ask For Discount

Free Sample Report

"Find new revenue generation opportunities"

Used Truck Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032