Used Semi-Truck Market Size - By Class (Class 8, Class 7, Class 6), By Sales Channel (Franchised Dealer, Independent Dealer, Peer-to-Peer), By Fuel (Gasoline, Electric, Diesel), Growth Prospects, Regional Outlook & Global Forecast, 2024 - 2032

Used Semi-Truck Market Size - By Class (Class 8, Class 7, Class 6), By Sales Channel (Franchised Dealer, Independent Dealer, Peer-to-Peer), By Fuel (Gasoline, Electric, Diesel), Growth Prospects, Regional Outlook & Global Forecast, 2024 - 2032

Global Used Semi-Truck Market size will register an 8% CAGR from 2024 to 2032, propelled by the demand for cost-effective transportation solutions and the availability of certified pre-owned inventory from reputable dealers. Businesses seeking to minimize initial investment costs while maintaining operational efficiency are increasingly turning to used semi-trucks. The assurance provided by certified pre-owned vehicles, coupled with dealer reliability, enhances buyer confidence, leading to an expansion in market size. As industries prioritize affordability and reliability in their transportation needs, the used semi-truck industry will experience significant growth in the coming years.

For instance, in April 2023, Ashok Leyland, a manufacturer of commercial vehicles, introduced its e-marketplace called Re-AL for pre-owned commercial vehicles. This platform aims to facilitate customers in trading their used vehicles and transitioning to new Ashok Leyland trucks and buses. This launch enhances accessibility and facilitates seamless transactions, thereby bolstering the growth and efficiency of the market.

The used semi-truck market is segmented based on sales channel, fuel, and region.

The franchised dealer segment will boast commendable growth through 2032, driven by their expansive network, established reputation, and access to certified pre-owned inventory. Offering reassurance through rigorous inspection processes and warranties, franchised dealers are preferred by buyers seeking reliability. With their strong market presence and customer trust, franchised dealers will remain at the forefront of the used semi-truck industry, ensuring continued growth and success in the industry.

The diesel segment will gain a noteworthy used semi-truck market share between 2024 and 2032 due to the widespread use and reliability of diesel-fueled semi-trucks. Diesel-powered semi-trucks are favored for their robust performance, fuel efficiency, and towing capacity, making them the preferred choice for commercial transportation needs. Additionally, diesel engines are well-established in the market, with a vast inventory of pre-owned vehicles available. As industries continue to rely on diesel-powered trucks for their transportation requirements, the diesel segment will maintain its leading position in the used semi-truck market.

North America used semi-truck industry will grow at a significant CAGR from 2024 to 2032, attributed to the region's robust transportation infrastructure, extensive road networks, and high demand for commercial vehicles. Additionally, the presence of major manufacturers and a thriving second-hand truck market further bolster North America's position. With the region's significant contributions to the global transportation industry, North America will emerge as a key contributor to the used semi-truck industry's growth and dynamics.