Global Used Cars Market Growth 2023-2029

Global Used Cars Market Growth 2023-2029

A used car is a motor vehicle that is registered with the public security traffic management authority, is in service before the national standard of retirement, or is in service during the economic and practical life, and can continue to be used.

LPI (LP Information)' newest research report, the “Used Cars Industry Forecast” looks at past sales and reviews total world Used Cars sales in 2022, providing a comprehensive analysis by region and market sector of projected Used Cars sales for 2023 through 2029. With Used Cars sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Used Cars industry.

This Insight Report provides a comprehensive analysis of the global Used Cars landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Used Cars portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Used Cars market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Used Cars and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Used Cars.

The global Used Cars market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Used cars or pre-owned cars are witnessing increased demand from Indian consumers. The rise in purchasing power of consumers, rapid growth of economy and increased consumer demands are some of the reasons for such high demand. Earlier, consumers bought used cars only through their circle of friends and relatives. Later, small dealers started entering this market. Considering the growth prospects of this market and to cater to the demands of Indian consumers, some organized players have also started entering this market. Organized players have made the whole process of buying and selling a lot simpler, easier, and transparent.

This report presents a comprehensive overview, market shares, and growth opportunities of Used Cars market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Commercial Vehicles
Passenger Cars

Segmentation by application
Franchised
Independent
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Denso
Magna
Fiat
Ford
GM
Honda
Hyundai
Toyota
Volkswagen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Used Cars market?

What factors are driving Used Cars market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Used Cars market opportunities vary by end market size?

How does Used Cars break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.