Used Truck Market Growth and Size, Competitive Insights

Straits Research is proud to announce the launch of its Global Used Truck Market Report. The global used truck market, valued at USD 38.45 billion in 2024, is projected to grow from USD 40.95 billion in 2025 to USD 61.82 billion by 2033, with a compound annual growth rate (CAGR) of 5.2% during the forecast period (2025-2033).

For a full PDF sample copy of the report, please visit: https://straitsresearch.com/report/used-truck-market/request-sample

Market Definition

The used truck market refers to the buying and selling of pre-owned trucks used for commercial purposes, including freight, construction, and other industrial sectors. The market includes light-duty, medium-duty, and heavy-duty trucks and is driven by demand from businesses seeking cost-effective alternatives to new trucks. These trucks offer significant savings and are often a viable option for companies looking to expand their fleet or replace older models.

3 Growth Factors

1. Increasing Demand for Affordable Commercial Vehicles
   With businesses across various industries seeking to optimize operational costs, there has been a rising demand for used trucks. These vehicles offer a more affordable alternative to new trucks while still providing reliable performance, which is crucial for companies in the transportation, logistics, and construction industries.

2. Advancements in Truck Technology
   Technological improvements in truck design and durability have made used trucks more appealing. Modern used trucks come equipped with better fuel efficiency, longer-lasting engines, and advanced safety features, which help businesses maintain productivity and reduce long-term costs.

3. Growth in E-commerce and Global Trade
   The increasing volume of e-commerce and international trade has led to a greater need for transportation services. Businesses seeking to meet these growing demands are turning to used trucks to expand their fleets without the heavy upfront investment associated with new vehicles.

Market Segmentation

For a detailed breakdown of the used truck market segmentation, please visit: https://straitsresearch.com/report/used-truck-market/segmentation

Key Players in the Used Truck Market

1. Volvo Group
2. PACCAR Inc.
3. Daimler AG
4. MAN SE
5. Iveco S.p.A.
6. Hino Motors, Ltd.
7. Isuzu Motors Ltd.
8. Mitsubishi Fuso Truck and Bus Corporation
9. Ford Motor Company
10. Toyota Motor Corporation

Dominated Region: Asia-Pacific

The Asia-Pacific region is currently the dominant region in the used truck market, driven by the high demand for commercial vehicles in emerging economies such as China and India. The rapid expansion of the transportation and logistics sectors in this region, coupled with the growing demand for affordable fleet expansion options, contributes to the dominance of the used truck market in Asia-Pacific.

Fastest Growing Region: Europe

Europe is the fastest-growing region in the global used truck market. With the growth of online platforms for buying and selling used trucks, coupled with a strong demand for cost-effective vehicles in industries like logistics and construction, Europe’s used truck market is expected to see significant growth in the coming years.

10 Key Questions Answered by the Used Truck Market Report

1. What is the current size of the global used truck market?
2. What is the projected growth rate of the used truck market during the forecast period?
3. Which regions are expected to dominate the used truck market?
4. What are the key factors driving the growth of the used truck market?
5. Who are the leading players in the used truck market?
6. What are the primary applications of used trucks in different industries?
7. How does the technological advancement of trucks influence the used truck market?
8. What are the key challenges faced by businesses in the used truck market?
9. How are regulations and environmental standards affecting the used truck market?
10. What are the opportunities for innovation in the used truck market?

Table of Contents

1. Executive Summary
2. Market Definition and Scope
3. Global Used Truck Market Size and Forecast
4. Market Dynamics
   • Drivers
   • Restraints
   • Opportunities
5. Competitive Landscape
6. Segmentation Analysis
   • By Type
   • By End-User
   • By Region
7. Regional Analysis
   • North America
   • Europe
   • Asia-Pacific
   • Rest of the World
8. Key Industry Insights
9. Conclusion

For more information or queries, or to request customization before purchasing, please visit: https://straitsresearch.com/buy-now/used-truck-market

Conclusion

The global used truck market is experiencing steady growth, with the market size projected to reach USD 61.82 billion by 2033. The increasing demand for cost-effective commercial vehicles, along with technological advancements in truck durability and performance, are key drivers of this growth. Asia-Pacific remains the dominant region, while Europe shows the fastest growth, driven by strong demand for used trucks across logistics, transportation, and construction industries. The future of the used truck market looks promising, with businesses continuing to embrace affordable and efficient solutions for their fleets.