The global market for Used Trucks was valued at an estimated US$43.3 Billion in 2023 and is projected to reach US$55.6 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the used truck market is driven by several factors, including technological advancements, shifts in consumer behavior, and broader economic trends. Enhanced durability and reliability of modern trucks mean they have longer lifespans, which makes purchasing used models a more attractive and feasible option. There's also a growing trend towards digital platforms for buying and selling used trucks, which simplifies the process and expands the market reach.
Economic pressures, such as rising new vehicle prices and uncertainty in global trade, have bolstered the attractiveness of used trucks as a cost-effective alternative. Moreover, the increasing acceptance of telematics and other in-vehicle technologies has improved fleet management practices, making it easier for businesses to maintain and track the condition of their vehicles, thereby ensuring a better quality of used trucks in the marketplace. These factors collectively drive the continuous growth and transformation of the used truck market, catering to a diverse range of consumer needs and preferences.
The growth in the used truck market is driven by several factors, including technological advancements, shifts in consumer behavior, and broader economic trends. Enhanced durability and reliability of modern trucks mean they have longer lifespans, which makes purchasing used models a more attractive and feasible option. There's also a growing trend towards digital platforms for buying and selling used trucks, which simplifies the process and expands the market reach.
Economic pressures, such as rising new vehicle prices and uncertainty in global trade, have bolstered the attractiveness of used trucks as a cost-effective alternative. Moreover, the increasing acceptance of telematics and other in-vehicle technologies has improved fleet management practices, making it easier for businesses to maintain and track the condition of their vehicles, thereby ensuring a better quality of used trucks in the marketplace. These factors collectively drive the continuous growth and transformation of the used truck market, catering to a diverse range of consumer needs and preferences.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Medium-Duty Trucks segment, which is expected to reach US$25.3 Billion by 2030 with a CAGR of a 3.7%. The Heavy-Duty Trucks segment is also set to grow at 4.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $11.8 Billion in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $11.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Used Trucks Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Used Trucks Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Used Trucks Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AmeriQuest Business Services, Inc. (AmeriQuest Used Trucks), Daimler Truck AG (Mercedes Benz Trucks), Daimler Truck North America LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 38 Featured):
- AmeriQuest Business Services, Inc. (AmeriQuest Used Trucks)
- Daimler Truck AG (Mercedes Benz Trucks)
- Daimler Truck North America LLC
- Eicher Trucks & Buses
- Enterprise Holdings, Inc (Enterprise Truck Rental)
- Freightliner Northwest
- MAN Truck & Bus SE
- Mascus
- Navistar International Corporation
- PACCAR Inc.
- Peterbilt
- Renault Trucks SAS
- Ryder System, Inc.
- Scania AB
- Sotrex Limited
- Tata Motors Ltd.
- Volvo Trucks
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AmeriQuest Business Services, Inc. (AmeriQuest Used Trucks)
- Daimler Truck AG (Mercedes Benz Trucks)
- Daimler Truck North America LLC
- Eicher Trucks & Buses
- Enterprise Holdings, Inc (Enterprise Truck Rental)
- Freightliner Northwest
- MAN Truck & Bus SE
- Mascus
- Navistar International Corporation
- PACCAR Inc.
- Peterbilt
- Renault Trucks SAS
- Ryder System, Inc.
- Scania AB
- Sotrex Limited
- Tata Motors Ltd.
- Volvo Trucks
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 371 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 43.3 Billion |
| Forecasted Market Value ( USD | $ 55.6 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
