The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The used truck market has exhibited robust growth, climbing from $45.39 billion in 2023 to $48.35 billion in 2024, registering a compound annual growth rate (CAGR) of 6.5%. This growth is attributed to economic conditions, fleet renewal cycles, and global trade expansion. Looking ahead, the market is expected to continue its strong trajectory, reaching $62.63 billion by 2028, with a CAGR of 6.7%. Factors such as the growth of e-commerce, the adoption of electric trucks, and increased outsourcing of logistics are expected to drive this growth. Major trends in the forecast period include digitalization of sales platforms, advancements in technology such as telematics integration, and a focus on sustainability, reflecting the evolving landscape of the used truck market.

The used truck market anticipates growth fueled by the rise in the construction industry, as evidenced by increased building activities and construction spending. Statistical data from NZ Tauranga Aotearoa and the US Census Bureau underscores the market’s potential in the construction sector.

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What Are The Key Trends That Influence Used Truck Market Share Analysis?

The used truck market is seeing innovation through the introduction of new brands and platforms. Major companies are focusing on innovative strategies to strengthen their market position. For example, Daimler launched the Bharat Benz Certified brand for used trucks in June 2023, offering customers new annual maintenance contracts (AMCs). Volvo AB also entered the market with Volvo Selected, a European e-commerce site launched in May 2021, streamlining the purchase process with comprehensive vehicle inspections and global delivery options.

Which Market Players Are Driving Growth In The Used Truck Market?

Major companies operating in the used truck  market report are Mercedes Benz AG, Daimler Truck AG, Charter Trucks Co, Renault SA, AB Volvo, PACCAR Inc., Penske Automotive Group, MAN SE, Ryder System Inc.,Scania AB, Navistar International Corporation, Hertz Car Sales, Schneider National Inc.,Ruan Transportation Management Systems Inc., Murphy-Hoffman Co, Premier Truck Group, Freightliner Trucks, Kenworth Truck Company, Ritchie Bros, The Larson Group, TruckPaper.com, Del-Val International Trucks Inc., Arrow Truck Sales Inc., Fyda Freightliner Inc., Peterbilt Motors Company, Vander Haag’s Inc., Mascus International Holding Co, Hammer Trucks Sales LLC.

How Is The Global Used Truck Market Segmented?

The used truck market covered in this report is segmented –

1) By Type: Light-Duty Truck, Medium-Duty Truck, Heavy-Duty Truck
2) By Fuel Type: Gasoline, Electric, Diesel
3) By Sales Channel: Franchised Dealer, Independent Dealer, Peer-To-Peer
4) By End-Use: Construction, Oil And Gas, Mining, Other End-Users

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The Used Truck Global Market Report 2024 provides an overview of the used truckmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The used truck market forecast analyzes used truck market size, used truck market share, leading competitor and their market positions.

The Table Of Content For The Used Truck Market Include

1. Used Truck Market Executive Summary
2. Used Truck Market Segments
3. Used Truck Market Size And Template Market Growth Rate
4.  Key Used Truck Market Trends
5. Major Used Truck Market Drivers
……
25. Key Mergers And Acquisitions In The Used Truck Market
26. Top Used Truck Companies
27. Used Truck Market Opportunities And Strategies
28. Used Truck Market, Conclusions And Recommendations
29. Appendix

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