Used Semi Truck Trends and Forecast
The future of the global used semi truck market looks promising with opportunities in the franchised dealer, independent dealer, and peer-to-peer markets. The global used semi truck market is expected to reach an estimated $20.4 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are rising demand for cost-effective transportation solutions in various industries, growing demand for used semi-truck vehicles that are both reliable and affordable, and rise of e-commerce.A more than 150-page report is developed to help in your business decisions.
Used Semi Truck by Segment
The study includes a forecast for the global used semi truck by propulsion type, sale channel, and region.Used Semi Truck Market by Propulsion Type [Shipment Analysis by Value from 2018 to 2030]:
- ICE
- Electric
Used Semi Truck Market by Sale Channel [Shipment Analysis by Value from 2018 to 2030]:
- Franchised Dealer
- Independent Dealer
- Peer-to-Peer
Used Semi Truck Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Used Semi Truck Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies used semi truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the used semi truck companies profiled in this report include:- AB Volvo
- Arrow Truck Sales
- IronPlanet
- PACCAR Financial Used Truck Center
- Ryder System
- Tata Motors
- Scania
Used Semi Truck Market Insights
The publisher forecasts that ICE is expected to witness higher growth over the forecast period.Within this market, independent dealer is expected to witness the highest growth because they often offer these trucks at competitive prices, allowing companies to get reliable vehicles for less than new.
North America is expected to witness the highest growth over the forecast period due to technological advances and changes in industry regulations.
Features of the Global Used Semi Truck Market
- Market Size Estimates: Used semi truck market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Used semi truck market size by propulsion type, sale channel, and region in terms of value ($B).
- Regional Analysis: Used semi truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different propulsion type, sale channel, and regions for the used semi truck market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the used semi truck market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the used semi truck market size?Answer: The global used semi truck market is expected to reach an estimated $20.4 billion by 2030.
Q2. What is the growth forecast for used semi truck market?
Answer: The global used semi truck market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the used semi truck market?
Answer: The major drivers for this market are rising demand for cost-effective transportation solutions in various industries, growing demand for used semi-truck vehicles that are both reliable and affordable, and rise of e-commerce.
Q4. What are the major segments for used semi truck market?
Answer: The future of the global used semi truck market looks promising with opportunities in the franchised dealer, independent dealer, and peer-to-peer markets.
Q5. Who are the key used semi truck market companies?
Answer: Some of the key used semi truck companies are as follows:
- AB Volvo
- Arrow Truck Sales
- IronPlanet
- PACCAR Financial Used Truck Center
- Ryder System
- Tata Motors
- Scania
Answer: The publisher forecasts that ICE is expected to witness higher growth over the forecast period.
Q7. In used semi truck market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to technological advances and changes in industry regulations.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the used semi truck market by propulsion type (ICE and electric), sale channel (franchised dealer, independent dealer, and peer-to-peer), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Used Semi Truck Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- AB Volvo
- Arrow Truck Sales
- IronPlanet
- PACCAR Financial Used Truck Center
- Ryder System
- Tata Motors
- Scania
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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