The used trucks market is forecasted to grow by USD 13.37 bn during 2023-2028, accelerating at a CAGR of 5.38% during the forecast period. The report on the used trucks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the expanded value proposition of used trucks, comprehensive quality checking systems deployed by used truck dealers, and increasing penetration of online truck websites.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.89%
CAGR
5.38%
Incremental Value
$13.37bn
Technavio's used trucks market is segmented as below:
By Type
Pickup trucks
Other trucks
By Fuel Type
Diesel
Gasoline
Electric
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the touchpoint management systems integrated with artificial intelligence as one of the prime reasons driving the used trucks market growth during the next few years. Also, vehicle makers entering used trucks market and demand for truck rental services will lead to sizable demand in the market.
The report on the used trucks market covers the following areas:
Used trucks market sizing
Used trucks market forecast
Used trucks market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used trucks market vendors that include AB Volvo, Corcentric Inc., Daimler Truck AG, EAN Services LLC, Iveco Group N.V, Knight Swift Transportation Holdings Inc., PACCAR Inc., Penske Corp., Renault SAS, Ryder System Inc., Scania AB, Tesla Inc., Toyota Motor Corp., TrueCar Inc., and Volkswagen AG. Also, the used trucks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global used trucks market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Fuel type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Type
6.1 Market segments
6.2 Comparison by Type
6.3 Pickup trucks - Market size and forecast 2023-2028
6.4 Other trucks - Market size and forecast 2023-2028
6.5 Market opportunity by Type
7 Market Segmentation by Fuel Type
7.1 Market segments
7.2 Comparison by Fuel Type
7.3 Diesel - Market size and forecast 2023-2028
7.4 Gasoline - Market size and forecast 2023-2028
7.5 Electric - Market size and forecast 2023-2028
7.6 Market opportunity by Fuel Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028