Global Used Trucks Market 2024-2028

Used Trucks Market 2024-2028

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.

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.