Used Truck Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Used Truck 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
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Accord ing  to  the  l a tes t  repor t  by  IM ARC G roup ,  t i t l ed  "  Used  T ruck  Market :  
G loba l  I ndust ry  T rends ,  Share ,  S ize ,  Grow th ,  Opportun i ty  and  Forecast  2024-
2032, "  t he   g l oba l  used  t ruck  marke t  s i ze  reached US$  44 .8  B i l l i on  i n  2023.
Factors Af fect ing  the  Growth  of  the Used Truck Industry:
Report Economic Considerat ions:
Purchas ing  a  used  t r uck  i s  s ign i f i can t l y  less  expens ive  than  buy ing  a  new one 
Highlight and due  to  t he  in i t i a l  dep rec ia t ion  h i t  t ha t  new veh ic les  exper ience  once  they  leave  
the  dea le rsh ip .  Th is  dep rec ia t ion  can  reduce the  va lue  o f  t he  veh ic le  in  t he  f i r s t  
Description year  a lone ,  mak ing  used t r ucks  a  cos t -e f f ec t i ve  op t ion  f o r  bus inesses  and  ind i v idua ls  l ook ing  t o  max im ize  t he i r  i nves tment .  
Add i t i ona l l y ,  i nsu rance  p remiums  f o r  used  t r ucks  a re  genera l l y  lower ,  f u r t he r  
reduc ing  the  to ta l  cos t  o f  ownersh ip .  Th is  economic  advant age i s  pa r t i cu la r l y  
appea l ing  to  smal l  and  med ium-s ized  en te rp r i ses  (SMEs)  and  independen t  
con t rac to rs  who  requ i re  re l iab le  veh ic les  f o r  t he i r  ope ra t ions  bu t  m us t  adhere  t o  
t i gh te r  budge t  cons t ra in t s .
Environmental  Impact:
Increas ing awareness about  env i ronmenta l  susta inabi l i ty  is  pos i t ive ly  
in f luenc ing the market .  Purchas ing a used t ruck extends the l i fe  o f  the 
Report vehic le  and reduces the demand for  new t ruck product ion,  which,  in  turn,  decreases the resources and energy consumed in  manufactur ing 
processes.  Th is  is  cont r ibut ing to  a  reduct ion in  the carbon footpr in t  
Highlight and assoc ia ted wi th  veh ic le  product ion.  
Moreover ,  many used t rucks are fue l -e f f ic ient  and comply  wi th  emiss ions 
Description standards,  mak ing them a v iab le  opt ion for  env i ronmenta l ly  consc ious 
buyers .  The push towards more susta inable  pract ices in  var ious indust r ies  
is  dr iv ing the demand for  used t rucks as both companies and ind iv iduals  
look for  ways to  reduce the i r  env i ronmenta l  impact .
Technological  Advancements and Rel iabi l i ty:
Modern t rucks are bu i l t  to  las t  longer  and wi th  h igher  durab i l i ty  s tandards,  
which means that  used t rucks of ten remain re l iab le  and funct ional  for  
many years a f ter  the i r  in i t ia l  purchase.
Techno log ica l  advancements  in  veh ic le  manu fac tu r ing  a re  lead ing  to  
improvements  in  eng ine  e f f i c iency ,  sa fe ty  fea tu res ,  and  comfor t ,  mak ing  o lde r  
mode ls  more  a t t rac t ive  to  buyers  who  can  access  these  fea tu res  a t  a  l owe r  
cos t .  Add i t iona l l y ,  the  ava i lab i l i t y  o f  de ta i led  veh ic le  h is to ry  repor ts  and  
Report cer t i f i ca t ion  p rograms fo r  used  t rucks  p rov ides  buye rs  w i th  inc reased  
con f idence  in  the  re l iab i l i t y  and  cond i t i on  o f  t he i r  pu rchases .
Highlight and Request  for  a  PDF sample  o f  th is  repor t :  
h t tps : / /www. imarcgroup .com/used- t ruck -marke t / reques tsamp le
Description
Report Description
Global  Used Truck Market  Trends:
Regulatory  env i ronments  and emiss ions s tandards are o f fer ing a favorab le  market  out look.  Governments  
wor ldwide are impos ing s t r ic ter  emiss ions regula t ions to  combat  c l imate  change,  which can af fec t  the cost  
and ava i lab i l i ty  o f  new t rucks.  These regula t ions of ten requi re  manufacturers  to  invest  in  c leaner ,  more 
advanced technolog ies ,  which can increase the pr ice o f  new vehic les .  
As a resu l t ,  many businesses and ind iv iduals  are opt ing to  u t i l i ze  used t rucks as a  more af fordable  opt ion 
that  s t i l l  compl ies  wi th  cur rent  s tandards.  Fur thermore,  in  reg ions where o lder  t rucks are phased out  or  
penal ized for  not  meet ing emiss ions s tandards,  there is  a  mot ivated se l l ing movement ,  increas ing the 
supply  o f  used t rucks that  s t i l l  meet  regula tory requi rements  in  o ther  areas.  Th is  dynamic  creates 
oppor tun i t ies for  buyers  in  less  regula ted markets  to  purchase h igher -qual i ty  used t rucks at  compet i t i ve  
pr ices.
View Report  TOC,  F igures and Tables :  ht tps: / /www.imarcgroup.com/used-t ruck-market
Breakup by Vehicle Type:
• Light Trucks
• Medium-Duty Trucks
• Heavy-Duty Trucks
Report Breakup by Sales Channel:
• Franchised Dealer
Segmentation • Independent Dealer
• Peer-to-Peer
Breakup by End User:
• Construct ion
• Oil  and Gas
• Others
Breakup by Region:
• North America
• Europe
Report • Asia-Pacifi c
Segmentation • Latin America
• Middle East and Afr ica
• AB Volvo
• International  Used Truck Centers
Competitive • Mascus (Ritchie Bros. Auctioneers)
• PACCAR Inc.
Landscape 
• Renault Group
with Key • TrueCar Inc.
Players • Volkswagen AG
How has the global used truck market performed so 
far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities 
in the global used truck market?
Key What is the impact of each driver, restraint, and opportunity on the global used truck market?
Questions 
What are the key regional markets?
Answered in 
the Report Which countries represent the most attractive used truck market?
What is the breakup of the market based on the 
vehicle type?
Which is the most attractive vehicle type in the 
used truck market?
What is the breakup of the market based on the 
sales channel?
Which is the most attractive sales channel in the 
used truck market?
Key What is the breakup of the market based on the end user?
Questions 
Which is the most attractive end user in the used 
truck market?
Answered in 
the Report What is the competitive structure of the global used truck market?
Who are the key players/companies in the global 
used truck market?
1     P r e f a c e
2  S c o p e  a n d  M e t h o d o l o g y
2 . 1  O b j e c t i v e s  o f  t h e  S t u d y
2 . 2  S t a ke h o l d e r s
2 . 3  D a t a  E n d  U s e r s
2 . 3 . 1  P r i m a r y  E n d  U s e r s
2 . 3 . 2  S e c o n d a r y  E n d  U s e r s
2 . 4  M a r k e t  E s t i m a t i o n
Table of 2 . 4 . 1  B o t t o m - U p  A p p r o a c h2 . 4 . 2  To p - D o w n  A p p r o a c h
2 . 5  Fo r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
Contents 4  G l o b a l  U s e d  Tr u c k  M a r ke t  -  I n t r o d u c t i o n4 . 1  O v e r v i e w
4 . 2  M a r k e t  D y n a m i c s
4 . 3  I n d u s t r y  Tr e n d s
4 . 4  C o m p e t i t i v e  I n t e l l i g e n c e
5  G l o b a l  U s e d  Tr u c k  M a r ke t  L a n d s c a p e
5 . 1  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  Tr e n d s  ( 2 0 1 8 - 2 0 2 3 )
5 . 2  M a r k e t  Fo r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6  G l o b a l  U s e d  Tr u c k  M a r ke t  -  B r e a k u p  b y  Ve h i c l e  Ty p e
6 . 1  L i g h t  Tr u c k s
6 . 1 . 1  O v e r v i e w
6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  Tr e n d s  ( 2 0 1 8 - 2 0 2 3 )
6 . 1 . 3  M a r k e t  S e g m e n t a t i o n
6 . 1 . 4  M a r k e t  Fo r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6 . 2  M e d i u m - D u t y  Tr u c k s
6 . 2 . 1  O v e r v i e w
6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  Tr e n d s  ( 2 0 1 8 - 2 0 2 3 )        
6 .2 . 3  Ma rke t  Segm ent a t i o n
6 .2 . 4  Ma rke t  Fo rec a s t  ( 202 4 -20 32 )
6.3  Heavy -Duty  Trucks
6 .3 . 1  Ov e rv i ew
6 .3 . 2  H i s to r i c a l  a nd  C urren t  Ma rke t  Trends  (2 018 -202 3 )
6 .3 . 3  Ma rke t  Segm ent a t i o n
6 .3 . 4  Ma rke t  Fo rec a s t  ( 202 4 -20 32 )
6.4  Att ract ive  Investment  Propos i t ion  by  Veh ic le  Type
7 G loba l  Used  Truck  Market  -  Breakup  by  Sa les  Channe l
7 .1  Franch ised  Dea ler
7 .1 . 1  Ov e rv i ew
Table of 7 .1 . 2  H i s to r i c a l  a nd  C urren t  Ma rke t  Trends  (2 018 -202 3 )7 .1 . 3  Ma rke t  Segm ent a t i o n
7 .1 . 4  Ma rke t  Fo rec a s t  ( 202 4 -20 32 )
7.2  Independent  Dea ler
Contents 7 .2 . 1  Ov e rv i ew
7 .2 . 2  H i s to r i c a l  a nd  C urren t  Ma rke t  Trends  (2 018 -202 3 )
7 .2 . 3  Ma rke t  Segm ent a t i o n
7 .2 . 4  Ma rke t  Fo rec a s t  ( 202 4 -20 32 )
7.3  Peer - to -Peer
7 .3 . 1  Ov e rv i ew
7 .3 . 2  H i s to r i c a l  a nd  C urren t  Ma rke t  Trends  (2 018 -202 3 )
7 .3 . 3  Ma rke t  Segm ent a t i o n
7 .3 . 4  Ma rke t  Fo rec a s t  ( 202 4 -20 32 )
7.4  Att ract ive  Investment  Propos i t ion  by  Sa les  Channe l
8  G loba l  Used  Truck  Market  -  Breakup  by  End User
8.1  Const ruct ion
8 .1 . 1  Ov e rv i ew     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /u sed - t ruc k -m a rke t / t oc
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