Used Trucks Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Vehicle Type;
Light Trucks (Class 3-5), Medium-Duty Trucks (Class 6-7) and Heavy-Duty Trucks (Class 8 and Over 15 t)By Fuel Type;
Diesel, Gasoline, Natural Gas & LPG and Hybrid & Battery-ElectricBy Vehicle Class;
Class 3, Class 4, Class 5, Class 6, Class 7 and Class 8By End-Use Industry;
Construction & Infrastructure, Logistics & E-Commerce Delivery, Mining & Quarrying, Agriculture & Forestry, Municipal & Utilities and OthersBy Sales Channel;
Independent Dealer, Franchised Dealer, OEM-Backed Certified Pre-Owned and Online Peer-to-Peer & AuctionBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Used Trucks Market Overview
Used Trucks Market (USD Million)
Used Truck Market was valued at USD 46,342.54 million in the year 2024. 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%.
Used Trucks Market
*Market size in USD million
CAGR 4.1 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 4.1 % |
| Market Size (2025) | USD 46,342.54 Million |
| Market Size (2032) | USD 61,312.75 Million |
| Market Concentration | High |
| Report Pages | 392 |
Major Players
- Mercedes Benz AG
- Daimler Truck AG
- Charter Truck Co.
- Hammer Truck Sales LLC
- Arrow Truck Sales Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Used Trucks Market
Fragmented - Highly competitive market without dominant players
Used Truck Market has witnessed robust demand as nearly 45% of commercial buyers prefer pre-owned vehicles due to cost savings and availability. The sector is driven by rising operational efficiency requirements, where businesses find used trucks to be a reliable and affordable alternative. Additionally, over 40% of logistics operators are adopting used trucks to balance fleet expansion with limited budgets.
Sustainability and Resource Efficiency
Sustainability trends have also boosted adoption, as nearly 38% of companies emphasize extending the lifecycle of vehicles through re-use. This approach supports reduced environmental impact, making used trucks a sustainable choice. By encouraging re-commerce, the market aligns with circular economy principles while fulfilling essential transport needs.
Technological Enhancements in Vehicle Evaluation
Digital platforms play a crucial role in improving buyer confidence. Reports indicate that over 55% of transactions are now influenced by online verification tools, ensuring transparency in pricing, condition, and performance. Enhanced inspection systems and telematics integration have made it easier for buyers to make informed decisions.
Expanding Applications in Transportation
The adoption of used trucks spans a wide range of applications, with more than 50% of construction firms utilizing pre-owned fleets for material transport. Similarly, agriculture and logistics operators account for a large share of purchases, underscoring the versatility of this market. The consistent demand demonstrates how used trucks are becoming an integral component of modern supply chains.
Used Trucks Market Key Takeaways
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Used Trucks Market is experiencing significant growth, driven by increasing demand for cost-effective transportation solutions across various industries, including logistics, construction, and agriculture.
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Technological advancements are enhancing the appeal of used trucks, with features such as telematics, GPS tracking, and advanced safety systems becoming more prevalent in pre-owned vehicles, improving operational efficiency and safety.
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The rise of digital sales platforms is transforming the used truck market, enabling buyers to access a wider range of inventory, compare prices, and make informed purchasing decisions from the comfort of their homes.
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Environmental considerations are influencing purchasing decisions, with a growing interest in electric and hybrid trucks as businesses seek to reduce their carbon footprint and comply with stringent emissions regulations.
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In regions like Asia-Pacific, particularly in countries such as India and China, the used truck market is expanding rapidly due to industrial growth, infrastructure development, and the increasing need for efficient freight transportation.
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The North American market remains a significant player, with a robust demand for used trucks driven by the extensive logistics network and the need for fleet expansion among small and medium-sized enterprises.
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Financing options and after-sales services are becoming more accessible, with lenders offering tailored solutions for used truck buyers, and service providers ensuring maintenance and warranty support, thereby enhancing customer confidence and market growth.
Used Trucks Market Recent Developments
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In March 2022, Daimler Truck North America partnered with Paccar Parts to provide aftermarket parts and services for used trucks, aiming to improve reliability and longevity.
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In December 2023, Ritchie Bros. Auctioneers acquired IronPlanet, an online marketplace for used heavy equipment, expanding its online presence and offering a wider range of used trucks and equipment.
Used Trucks Market Segment Analysis
In this report, Used Trucks Market has been segmented by Vehicle Type, Fuel Type, Vehicle Class, End-Use Industry, Sales Channel, and Geography. Segmentation illustrates how buyers prioritize operational efficiency, total cost of ownership, and fleet reliability. Market growth and long-term future outlook are driven by rising logistics demand, infrastructure projects, technological adoption, and strategic partnerships among dealers and OEMs to strengthen market expansion.
Used Trucks Market, Segmentation by Vehicle Type
Vehicle type segmentation highlights differences in payload capacity, operational versatility, and fuel efficiency. Selection depends on application, terrain, and fleet requirements. Vendors adopt innovation strategies and strategic partnerships to provide optimized trucks and strengthen market growth.
Light Trucks (Class 3-5)
Light trucks are widely adopted in urban delivery and service industries due to maneuverability and fuel efficiency. Adoption is supported by low operational costs and ease of maintenance, enhancing future outlook.
Medium-Duty Trucks (Class 6-7)
Medium-duty trucks serve regional logistics, construction, and municipal services. Adoption is driven by balanced payload capacity and operational efficiency, reinforcing market expansion.
Heavy-Duty Trucks (Class 8 and Over 15 t)
Heavy-duty trucks are essential for long-haul logistics, mining, and industrial transport. Adoption is fueled by high load capacity, durability, and integration with fleet management systems, supporting sustained market growth.
Used Trucks Market, Segmentation by Fuel Type
Fuel type segmentation demonstrates differences in operating cost, emissions, and environmental compliance. Buyers select based on fuel availability, regulatory requirements, and cost optimization. Vendors leverage technological advancements and strategic partnerships to enhance adoption and market expansion.
Diesel
Diesel trucks dominate due to high efficiency, torque, and wide availability. Adoption is driven by reliability in long-haul and industrial applications, supporting long-term growth and future outlook.
Gasoline
Gasoline trucks are preferred for light-duty urban operations. Adoption is fueled by lower upfront costs, ease of refueling, and operational flexibility, enhancing market expansion.
Natural Gas & LPG
Natural gas and LPG trucks are used for eco-friendly operations, reducing emissions and meeting regulatory standards. Adoption is driven by fuel cost advantages and environmental incentives, supporting market growth.
Hybrid & Battery-Electric
Hybrid and battery-electric trucks gain traction due to zero-emission policies, operational savings, and urban delivery adoption. Technological innovations and strategic partnerships strengthen future outlook.
Used Trucks Market, Segmentation by Vehicle Class
Vehicle class segmentation reflects adoption across Class 3 to Class 8 trucks. Buyers select based on payload, route requirements, and operational needs. Vendors adopt technological advancements and service strategies to improve market growth.
Class 3, 4 & 5
Class 3-5 trucks are widely adopted for light commercial delivery, municipal, and service operations. Adoption is supported by fuel efficiency and low operational costs, strengthening market expansion.
Class 6 & 7
Class 6-7 trucks serve regional logistics, construction, and utility operations. Adoption is driven by balanced payload and operational reliability, enhancing future growth.
Class 8
Class 8 trucks dominate long-haul logistics and heavy industrial operations. Adoption is fueled by high load capacity, durability, and integration with fleet management systems, supporting market expansion and future outlook.
Used Trucks Market, Segmentation by End-Use Industry
End-use segmentation demonstrates adoption across construction & infrastructure, logistics & e-commerce delivery, mining & quarrying, agriculture & forestry, municipal & utilities, and others. Selection is driven by operational needs, fleet requirements, and cost efficiency. Vendors leverage strategic partnerships and technological innovations to capture market share.
Construction & Infrastructure
Construction and infrastructure sectors adopt trucks for material transport and heavy-duty operations. Adoption is fueled by robust vehicle reliability, high load capacity, and operational efficiency, supporting market growth.
Logistics & E-Commerce Delivery
Logistics and e-commerce use light and medium-duty trucks for last-mile and regional distribution. Adoption is driven by fuel efficiency, fleet management integration, and operational uptime, enhancing market expansion.
Mining & Quarrying
Mining and quarrying rely on heavy-duty trucks for transport of raw materials. Adoption is driven by durability, payload capacity, and rugged design, strengthening future growth.
Agriculture & Forestry
Agriculture and forestry adopt trucks for material and equipment transport. Adoption is supported by operational versatility and fuel efficiency, enhancing market expansion.
Municipal & Utilities
Municipal and utility services use medium-duty trucks for maintenance and service tasks. Adoption is driven by reliability, cost-effectiveness, and integration with fleet management systems, supporting future outlook.
Others
Other industries include specialty services requiring tailored trucks. Adoption is limited but supported by targeted strategies and technological innovations to enhance future growth.
Used Trucks Market, Segmentation by Sales Channel
Sales channel segmentation differentiates independent dealers, franchised dealers, OEM-backed certified pre-owned, and online peer-to-peer & auction channels. Adoption depends on trust, availability, and service support. Vendors implement strategic partnerships and technological innovations to enhance market expansion.
Independent Dealer
Independent dealers offer wide vehicle selection and competitive pricing. Adoption is driven by accessibility, service quality, and inventory variety, supporting market growth and a positive future outlook.
Franchised Dealer
Franchised dealers provide certified used trucks with warranty and after-sales support. Adoption is fueled by trust, reliability, and OEM backing, enhancing market expansion.
OEM-Backed Certified Pre-Owned
OEM-backed certified pre-owned trucks ensure high quality standards and airworthiness compliance. Adoption is driven by assurance of vehicle reliability and long-term support, reinforcing future growth.
Online Peer-to-Peer & Auction
Online channels facilitate broad access to used trucks with transparency and convenience. Adoption is supported by digital marketplaces, easy comparison, and auction platforms, strengthening market expansion and future outlook.
Used Trucks Market, Segmentation by Geography
Geographic segmentation reflects regional differences in fleet size, industrial demand, and transport infrastructure. Market dynamics are influenced by regulatory standards, economic activity, and logistics growth. Vendors implement region-specific strategies and partnerships to drive market expansion and strengthen the future outlook.
Regions and Countries Analyzed in this Report
North America
North America leads adoption due to extensive logistics networks, high e-commerce growth, and mature fleet management infrastructure. Continuous technological advancements and strategic dealer partnerships support market growth and a favorable future outlook.
Europe
Europe demonstrates steady demand driven by infrastructure development, regulatory compliance, and fleet modernization. Technological innovation and strategic partnerships enhance market expansion and long-term growth.
Asia Pacific
Asia Pacific is the fastest-growing region, supported by rising logistics and industrial demand, expanding e-commerce delivery, and increased fleet adoption. Technological advancements and strategic partnerships strengthen the future outlook.
Middle East & Africa
Middle East & Africa adoption is moderate, driven by emerging logistics and construction activities. Focused strategies and technological advancements enhance market expansion and future growth.
Latin America
Latin America shows gradual growth supported by expanding infrastructure and increasing fleet modernization. Strategic partnerships and technological innovations drive a positive future outlook.
Used Trucks Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Used Truck Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand efficiency
- Growing logistics needs
- Sustainable transportation solutions
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Technological advancements integration-Technological advancements integration in the Used Truck Market is pivotal. It facilitates the incorporation of cutting-edge features, such as telematics, GPS tracking, and fuel efficiency enhancements, into pre-owned vehicles. This integration not only enhances the market value of used trucks but also aligns them with contemporary industry standards, fostering buyer confidence and improving operational efficiency for businesses across the logistics spectrum.
Moreover, the integration of advanced technologies empowers the Global Used Truck Market to adapt to evolving consumer preferences and regulatory requirements seamlessly. From emission controls to safety enhancements, technological integration ensures that pre-owned trucks remain competitive and compliant in a rapidly changing market landscape, driving sustainability and innovation within the industry.
Furthermore, technological advancements integration opens avenues for aftermarket services and customization, enabling businesses to tailor used trucks according to specific operational needs. Whether it's retrofitting for alternative fuels or implementing autonomous driving features, this adaptability enhances the versatility and longevity of pre-owned vehicles, amplifying their value proposition in the Used Truck Market.
Restraints
- Depreciation rate challenges
- Maintenance cost burden
- Market volatility impacts
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Regulatory uncertainty factors-Navigating regulatory uncertainty is a paramount concern within the Used Truck Market. The ever-changing landscape of regulations pertaining to emissions standards, safety requirements, and trade policies introduces complexities and challenges for industry stakeholders. Uncertainty regarding future regulatory frameworks can lead to hesitancy in investment decisions, hinder long-term strategic planning, and increase compliance costs for businesses operating within the market.
In addition to domestic regulations, the interconnected nature of the global economy amplifies the impact of regulatory uncertainty factors. Fluctuations in trade agreements, tariffs, and import/export regulations can disrupt supply chains, affect market demand, and influence pricing dynamics for used trucks. Furthermore, divergent regulatory approaches across different regions create inconsistencies and compliance burdens for multinational corporations and cross-border transactions, exacerbating the challenges posed by regulatory uncertainty.
Moreover, regulatory uncertainty factors can impede innovation and technological advancement within the Global Used Truck Market. Ambiguity surrounding future regulatory requirements may deter investment in research and development efforts aimed at enhancing vehicle efficiency, safety features, and environmental sustainability. Consequently, this lack of clarity may stifle progress towards achieving industry-wide objectives such as reducing carbon emissions, improving road safety, and fostering the adoption of clean transportation technologies. Addressing regulatory uncertainty requires proactive engagement with policymakers, industry associations, and other stakeholders to advocate for transparent, consistent, and coherent regulatory frameworks that promote certainty, stability, and sustainability within the Global Used Truck Market.
Opportunities
- Digital marketplace expansion
- Rental fleet augmentation
- Aftermarket service growth
- Export market exploration
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Data analytics utilization-The integration of data analytics holds immense promise for the Used Truck Market. By leveraging big data and predictive analytics, industry players can gain invaluable insights into market trends, consumer behavior, and operational efficiencies. This data-driven approach enables informed decision-making, optimizing inventory management, pricing strategies, and marketing campaigns to better meet the evolving needs and preferences of buyers and sellers alike.
Furthermore, data analytics facilitates the development of personalized solutions and value-added services, enhancing the overall customer experience within the Global Used Truck Market. From predictive maintenance scheduling to customized financing options, data-driven innovations empower stakeholders to deliver tailored solutions that address specific pain points and drive customer satisfaction and loyalty.
Moreover, the utilization of data analytics fosters collaboration and partnerships across the value chain, as stakeholders leverage shared insights to identify synergies and optimize processes. Whether it's streamlining supply chains, optimizing logistics routes, or identifying market gaps, data analytics serves as a catalyst for innovation and growth, propelling the Global Used Truck Market towards greater efficiency, sustainability, and profitability.
Used Trucks Market Competitive Landscape Analysis
Used Trucks Market has emerged as a competitive ecosystem marked by rapid digital transformation, increasing fleet optimization, and strategic collaborations. Companies are leveraging data-driven pricing and AI-based valuation systems to strengthen trust and visibility across the resale cycle. Over 68% of key participants focus on certified resale platforms and value-added inspection programs to enhance customer retention and loyalty.
Market Structure and Concentration
The market demonstrates moderate concentration with leading brands driving innovation in fleet refurbishment, after-sales service, and certified pre-owned programs. Approximately 71% of transactions occur through organized channels, showcasing growing consolidation among top dealers. Strategic mergers and partnerships continue to define competitive differentiation, with firms expanding certified offerings and enhancing trade transparency to capture larger market share.
Brand and Channel Strategies
Major participants are embracing omnichannel strategies, integrating online-to-offline models and digital tools for seamless engagement. Nearly 66% of brands deploy certified digital listings and virtual inspection systems to attract buyers seeking reliable and affordable fleets. Enhanced dealer networks and subscription-based programs are also driving brand equity and reinforcing value propositions within the used truck ecosystem.
Innovation Drivers and Technological Advancements
Continuous advancements in AI valuation, predictive maintenance, and blockchain-based verification are transforming trade efficiency and buyer confidence. Around 63% of enterprises have adopted smart diagnostic tools and connected vehicle tracking for improved fleet lifecycle management. These technologies are enabling faster transactions, real-time visibility, and better decision-making—key pillars for sustainable growth and competitiveness.
Regional Momentum and Expansion
Leading brands are expanding certified resale networks and dealership footprints across emerging zones to strengthen accessibility and service quality. Nearly 70% of stakeholders prioritize strategic expansion and infrastructure upgrades to support fleet modernization. Collaboration with logistics companies and technology providers is accelerating service integration, while regional digital hubs are enhancing trade connectivity and user trust.
Future Outlook
Used Trucks Market is poised for long-term expansion, shaped by data-driven ecosystems, sustainability initiatives, and AI-powered solutions. More than 72% of companies plan to adopt digital resale frameworks and advanced inspection tools to enhance transaction transparency. As technology integration deepens and strategic alliances expand, the sector is expected to sustain robust competitiveness and value-led fleet evolution.
Key players in Used Truck Market include:
- Penske Used Trucks
- NationaLease
- Enterprise Truck Sales
- Rush Enterprises
- Ritchie Bros. Auctioneers
- Volvo Used Trucks
- Daimler Truck AG
- PACCAR Financial
- Navistar International
- Mack Trucks
- Isuzu Commercial Truck of America
- MAN Truck & Bus
- Scania AB
- IVECO
- Hino Motors
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Fuel Type
- Market Snapshot, By Vehicle Class
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
- Used Truck Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand efficiency
- Growing logistics needs
- Sustainable transportation solutions
- Technological advancements integration
- Restraints
- Depreciation rate challenges
- Maintenance cost burden
- Market volatility impacts
- Regulatory uncertainty factors
- Opportunities
- Digital marketplace expansion
- Rental fleet augmentation
- Aftermarket service growth
- Export market exploration
- Data analytics utilization
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Used Trucks Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Light Trucks (Class 3-5)
- Medium-Duty Trucks (Class 6-7)
- Heavy-Duty Trucks (Class 8 and Over 15 t)
- Used Trucks Market, By Fuel Type, 2021 - 2031 (USD Million)
- Diesel
- Gasoline
- Natural Gas & LPG
- Hybrid & Battery-Electric
- Used Trucks Market, By Vehicle Class, 2021 - 2031 (USD Million)
- Class 3
- Class 4
- Class 5
- Class 6
- Class 7
- Class 8
- Used Trucks Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Construction & Infrastructure
- Logistics & E-Commerce Delivery
- Mining & Quarrying
- Agriculture & Forestry
- Municipal & Utilities
- Others
- Used Trucks Market, By Sales Channel, 2021 - 2031 (USD Million)
- Independent Dealer
- Franchised Dealer
- OEM-Backed Certified Pre-Owned
- Online Peer-to-Peer & Auction
- Used Truck Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Used Trucks Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Penske Used Trucks
- NationaLease
- Enterprise Truck Sales
- Rush Enterprises
- Ritchie Bros. Auctioneers
- Volvo Used Trucks
- Daimler Truck AG
- PACCAR Financial
- Navistar International
- Mack Trucks
- Isuzu Commercial Truck of America
- MAN Truck & Bus
- Scania AB
- IVECO
- Hino Motors
- Company Profiles
- Analyst Views
- Future Outlook of the Market

