Used Truck Trends and Forecast
The future of the global used truck market looks promising with opportunities in the franchised dealer, independent dealer, and peer-to-peer markets. The global used truck market is expected to reach an estimated $65.3 billion by 2030 with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are growing demand for electric & hybrid heavy-duty trucks across the globe, increasing number of small and medium-sized businesses, and rising demand for transportation services.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Used Truck by Segment
The study includes a forecast for the global used truck by type, sales channel, fuel type, and region.
Used Truck Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Light-Duty Truck
• Medium-Duty Truck
• Heavy-Duty Truck
Used Truck Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:
• Franchised Dealer
• Independent Dealer
• Peer-to-Peer
Used Truck Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:
• Gasoline
• Electric
• Diesel
Used 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 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 truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the used truck companies profiled in this report include-
• Ameriquest Used Trucks
• Volvo Trucks
• Arrow Truck Sales
• Enterprise Truck Rental
• International Used Trucks
• Ryder System
• Knight-Swift Transportation
Used Truck Market Insights
Lucintel forecasts that medium-duty truck is expected to witness the highest growth over the forecast period.
Within this market, independent dealer is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Used Truck Market
Market Size Estimates: Used 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 truck market size by type, sales channel, fuel type, and region in terms of value ($B).
Regional Analysis: Used truck market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, sales channels, fuel types, and regions for the used truck market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the used truck market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the used truck market size?
Answer: The global used truck market is expected to reach an estimated $65.3 billion by 2030.
Q2. What is the growth forecast for used truck market?
Answer: The global used truck market is expected to grow with a CAGR of 8.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the used truck market?
Answer: The major drivers for this market are growing demand for electric & hybrid heavy-duty trucks across the globe, increasing number of small and medium-sized businesses, and rising demand for transportation services.
Q4. What are the major segments for used truck market?
Answer: The future of the used truck market looks promising with opportunities in the franchised dealer, independent dealer, and peer-to-peer markets.
Q5. Who are the key used truck market companies?
Answer: Some of the key used truck companies are as follows:
• Ameriquest Used Trucks
• Volvo Trucks
• Arrow Truck Sales
• Enterprise Truck Rental
• International Used Trucks
• Ryder System
• Knight-Swift Transportation
Q6. Which used truck market segment will be the largest in future?
Answer: Lucintel forecasts that medium-duty truck is expected to witness the highest growth over the forecast period.
Q6. In used truck market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the used truck market by type (light-duty truck, medium-duty truck, and heavy-duty truck), sales channel (franchised dealer, independent dealer, and peer-to-peer), fuel type (gasoline, electric, and diesel), 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?
For any questions related to Used Truck Market, Used Truck Market Size, Used Truck Market Growth, Used Truck Market Analysis, Used Truck Market Report, Used Truck Market Share, Used Truck Market Trends, Used Truck Market Forecast, Used Truck Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.