Used Truck Market Report 2026

The used truck market size has grown strongly in recent years. It will grow from $49.93 billion in 2025 to $52.88 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to construction sector growth, logistics expansion, high cost of new trucks, diesel truck dominance, long vehicle service life.

The used truck market size is expected to see strong growth in the next few years. It will grow to $70.41 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to electric truck transition lag, infrastructure spending growth, digital resale platforms, demand from small fleet operators, financing availability. Major trends in the forecast period include growth in fleet replacement demand, rising popularity of used heavy-duty trucks, expansion of online truck marketplaces, demand from infrastructure projects, cost-conscious logistics operators.

The rise of the construction industry is expected to drive the growth of the used truck market going forward. The construction industry encompasses the production and commercial activities involved in constructing, repairing, renovating, and maintaining infrastructure. Used trucks are essential for transporting various construction materials on job sites. For instance, in February 2025, according to the United States Census Bureau, a U.S.-based federal agency, construction spending reached a seasonally adjusted annual rate of $2.19 trillion, 0.5 percent above November 2024 and 4.3 percent higher than December 2023, with total spending in 2024 at $2.15 trillion, 6.5 percent more than 2023. Therefore, the growth of the construction sector is driving the used truck market.

Major companies in the used truck market are focusing on innovative solutions such as certified pre-owned digital assurance platforms to enhance buyer confidence, streamline vehicle evaluation, and improve post-purchase support. Certified pre-owned digital assurance platforms are integrated systems combining standardized vehicle inspections, service history validation, warranty options, and digital customer services to ensure reliable and transparent used truck transactions. For instance, in June 2023, Daimler, a Germany-based automotive manufacturer, launched the Bharat Benz Certified brand for used trucks, allowing customers to opt for a new annual maintenance contract (AMC) when purchasing used Bharat Benz trucks.

In April 2024, Mitsui & Co. Ltd., a trade company based in Japan, acquired Taylor & Martin Enterprises LLC for an undisclosed amount. This acquisition will bolster Mitsui's presence in the U.S. truck market by leveraging Taylor & Martin's expertise in auctioning. It aims to facilitate geographic expansion, enhance services, and create stronger synergies with Mitsui's automotive operations, ultimately promoting growth for both companies and improving the customer experience. Taylor & Martin Enterprises LLC is a U.S.-based transportation company that specializes in providing and auctioning used trucks.

Major companies operating in the used truck market report include Mercedes Benz AG, Daimler Truck AG, Charter Trucks Co, Renault SA, AB Volvo, PACCAR Inc., Penske Automotive Group, MAN SE, Ryder System Inc., Scania AB, Navistar International Corporation, Hertz Car Sales, Schneider National Inc., Murphy-Hoffman Co, Premier Truck Group, Freightliner Trucks, Kenworth Truck Company, Ritchie Bros, The Larson Group, TruckPaper.com, Del-Val International Trucks Inc., Arrow Truck Sales Inc., Fyda Freightliner Inc., Peterbilt Motors Company, Vander Haag's Inc., Mascus International Holding Co, Hammer Trucks Sales LLC.

Asia-Pacific was the largest region in the used truck market in 2025. The regions covered in the used truck market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the used truck market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The used truck market consists of sales of pickup trucks, cement trucks, chiller trucks, crane trucks or mobile cranes, fire trucks, logging trucks, snow plows, and tankers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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