According to a recent research report titled “Used Truck Market (By Vehicle: Medium Duty Truck, Heavy Duty Truck, Off-road Truck; By Sales Channel: Independent Dealer, Franchise Dealer, Peer-to-peer Dealer; By End-user: Construction, Logistic & Transportation, Mining, Oil & Gas) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033″ published by Precedence Research, the global used truck market size is projected to touch around USD 109.50 billion by 2033 and growing at a CAGR of 9.25% over the forecast period 2024 to 2033. This comprehensive study examines various factors and their impact on the growth of the used truck market.
Key Points
- Asia Pacific dominated the used truck market in 2023.
- North America is observed to witness a significant rate of expansion during the forecast period.
- By vehicle, the medium-duty truck segment dominated the market in 2023.
- By vehicle, the heavy-duty truck segment is observed to grow at a significant rate during the forecast period.
- By sales channel, the independent dealer sales segment dominated the market with a CAGR of 58% in 2023.
- By end user, the construction segment dominated the market with the highest market share in 2023.
- By end user, the transportation and logistics segment is expected to grow at the fastest rate during the forecast period.
The report primarily focuses on the volume and value of the used truck market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.
Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2021 to 2033, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.
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The research also highlights significant progressions in both organic and inorganic growth strategies within the global used truck market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the used truck market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.
Used Truck Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 9.25% |
| Global Market Size in 2023 | USD 45.21 Billion |
| Global Market Size by 2033 | USD 109.50 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Vehicle, By Sales Channel, and By End-user |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Major Key Points Covered in the Report:
Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.
Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Market Key Players
The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the used truck market.
Used Trucks Market Companies
- AB Volvo
- KENWORTH (PACCAR Inc.)
- Freightliner Northwest
- Scania
- Daimler Truck AG.
- RENAULT TRUCKS
- Mascus
- MAN
- ASHOK LEYLAND
- Gordon Truck Centers, Inc.
Segments Covered in the Report
By Vehicle
- Medium Duty Truck
- Heavy Duty Truck
- Off-road Truck
By Sales Channel
- Independent Dealer
- Franchise Dealer
- Peer-to-peer Dealer
By End-user
- Construction
- Logistic & Transportation
- Mining
- Oil & Gas
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Used Truck Market
5.1. COVID-19 Landscape: Used Truck Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Used Truck Market, By Vehicle
8.1. Used Truck Market Revenue and Volume, by Vehicle, 2024-2033
8.1.1 Medium Duty Truck
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Heavy Duty Truck
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Off-road Truck
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Used Truck Market, By Sales Channel
9.1. Used Truck Market Revenue and Volume, by Sales Channel, 2024-2033
9.1.1. Independent Dealer
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Franchise Dealer
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Peer-to-peer Dealer
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Used Truck Market, By End-user
10.1. Used Truck Market Revenue and Volume, by End-user, 2024-2033
10.1.1. Construction
10.1.1.1. Market Revenue and Volume Forecast (2021-2033)
10.1.2. Logistic & Transportation
10.1.2.1. Market Revenue and Volume Forecast (2021-2033)
10.1.3. Mining
10.1.3.1. Market Revenue and Volume Forecast (2021-2033)
10.1.4. Oil & Gas
10.1.4.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 11. Global Used Truck Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.1.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.1.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.1.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.1.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.2.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.2.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.2.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.2.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.2.6.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.2.7.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.3.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.3.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.3.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.3.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.3.6.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.3.7.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.4.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.4.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.4.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.4.6.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.4.7.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.5.4.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.5.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Vehicle (2021-2033)
11.5.5.2. Market Revenue and Volume Forecast, by Sales Channel (2021-2033)
11.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
Chapter 12. Company Profiles
12.1. AB Volvo
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. KENWORTH (PACCAR Inc.)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Freightliner Northwest
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Scania
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Daimler Truck AG.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. RENAULT TRUCKS
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Mascus
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. MAN
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. ASHOK LEYLAND
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Gordon Truck Centers, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Why should you invest in this report?
This report presents a compelling investment opportunity for those interested in the global used truck market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for used truck. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2024-2033. Armed with this knowledge, you can strategically plan your market entry approaches.
Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.
Some of the key questions answered in this report:
- What is the size of the overall Used truck market and its segments?
- What are the key segments and sub-segments in the market?
- What are the key drivers, restraints, opportunities and challenges of the Used truck market and how they are expected to impact the market?
- What are the attractive investment opportunities within the Used truck market?
- What is the Used truck market size at the regional and country-level?
- Who are the key market players and their key competitors?
- What are the strategies for growth adopted by the key players in Used truck market?
- What are the recent trends in Used truck market? (M&A, partnerships, new product developments, expansions)?
- What are the challenges to the Used truck market growth?
- What are the key market trends impacting the growth of Used truck market?
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