Global Used Truck Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle Type;

Light Trucks, Medium-Duty Trucks, and Heavy-Duty Trucks.

By Fuel Type;

Gasoline, Electric, and Diesel.

By Sales Channel;

Franchised Dealer, Independent Dealer, and Peer-to-Peer.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn081612637 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Used Truck Market (USD Million), 2021 - 2031

In the year 2024, the Global Used Truck Market was valued at USD 46,342.54 million. The size of this market is expected to increase to USD 61,312.75 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The Global Used Truck Market represents a dynamic sector within the broader automotive industry, characterized by the buying, selling, and trading of pre-owned commercial vehicles designed for transportation and logistics operations. As economies worldwide continue to expand, the demand for efficient and cost-effective transportation solutions remains paramount, driving the growth of the used truck market. This market serves a diverse array of stakeholders, including transportation companies, logistics firms, construction contractors, and small businesses seeking reliable and affordable vehicles to support their operations.

The Global Used Truck Market encompasses a wide range of vehicle types, including light-duty trucks, medium-duty trucks, and heavy-duty trucks, catering to various industries and applications. These vehicles undergo rigorous inspection, refurbishment, and certification processes to ensure they meet quality and safety standards before being reintroduced into the market. As such, buyers can find a multitude of options tailored to their specific needs, whether it be long-haul transportation, regional delivery, construction projects, or specialized applications.

Key factors driving the growth of the Global Used Truck Market include economic trends, regulatory policies, technological advancements, and shifting consumer preferences. Economic fluctuations and industry cycles influence both supply and demand dynamics within the market, while regulatory standards regarding emissions, safety, and vehicle age shape the composition of available inventory. Moreover, advancements in vehicle technology, such as telematics, fuel efficiency improvements, and driver assistance systems, continue to impact the market by enhancing the performance, reliability, and sustainability of used trucks.

In this dynamic landscape, the Global Used Truck Market presents opportunities for industry players to innovate, adapt, and capitalize on emerging trends. Whether it's through expanding digital marketplaces, offering value-added services, or embracing sustainable practices, stakeholders are continually seeking ways to differentiate themselves and provide added value to customers. As the demand for efficient and reliable transportation solutions persists, the Global Used Truck Market remains a vital component of the global economy, facilitating the movement of goods and driving productivity across industries and regions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Fuel Type
    3. Market Snapshot, By Sales Channel

    4. Market Snapshot, By Region
  4. Global Used Truck Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand efficiency
        2. Growing logistics needs
        3. Sustainable transportation solutions
        4. Technological advancements integration
      2. Restraints
        1. Depreciation rate challenges
        2. Maintenance cost burden
        3. Market volatility impacts
        4. Regulatory uncertainty factors
      3. Opportunities
        1. Digital marketplace expansion
        2. Rental fleet augmentation
        3. Aftermarket service growth
        4. Export market exploration
        5. Data analytics utilization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Used Truck Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Heavy-Duty Trucks
      2. Medium-Duty Trucks
      3. Light Trucks
    2. Global Used Truck Market, By Fuel Type, 2021 - 2031 (USD Million)
      1. Gasoline
      2. Electric
      3. Diesel
    3. Global Used Truck Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Franchised Dealer
      2. Independent Dealer
      3. Peer-to-Peer
    4. Global Used Truck Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Mercedes Benz AG
      2. Daimler Truck AG
      3. Charter Truck Co.
      4. Hammer Truck Sales LLC
      5. Arrow Truck Sales Inc.
  7. Analyst Views
  8. Future Outlook of the Market