Market Overview:
The global used truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as the increasing demand for commercial vehicles, rising disposable income, and technological advancements in used trucks. The global used truck market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into light truck, medium-duty truck, and heavy duty truck. The light truck segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030 due to its low fuel consumption and easy maneuverability.
Product Definition:
A used truck is a truck that has been previously owned by someone else. Used trucks can be a great option for those looking to save money, as they are often cheaper than new trucks. However, it is important to note that used trucks may have more wear and tear than newer models, so it is important to inspect them thoroughly before making a purchase.
Light Truck:
Light truck is a commercial vehicle that is used for the transportation of goods and passengers. They are generally equipped with a minimum of four wheels and have an engine with less than or equal to 4 cylinders in it. The commonly accepted definition of light trucks include pickup trucks, panel vans, van-based cabs, and mini trucks among others.
Medium-duty Truck:
The global medium-duty truck and it's usage in the used truck market is expected to grow at a significant pace over the forecast period. The growth of this industry can be attributed to several factors such as increasing demand for these types of trucks from logistics, transportation & delivery companies, construction industries among others. Also, technological advancements have led to an increase in productivity and efficiency leading to higher demand across several industries.
Application Insights:
The construction application segment led the global used truck market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing infrastructure spending in developing countries across the globe, including China, India and Brazil. These countries are expected to ramp up investments for transportation facilities, thereby propelling demand for trucks with good payload capacity that can haul materials efficiently.
Construction companies usually prefer medium-duty trucks for their projects as they offer higher reliability owing to better maintenanceability characteristics along with lower cost of ownership and operation as compared than heavy-duty trucks do. In addition, these medium-duty trucks have smaller turning radii which enable them maneuver easily through narrow roads while offering high stability due to improved suspension systems over heavy-duty types do.
Demand from other applications include food & beverage (FTO) transport; logistics; mining; public utility; healthcare supply chain management among others.
Regional Analysis:
The Asia Pacific region dominated the global used truck market in 2017. The growth is attributed to increasing investments in infrastructure development and manufacturing facilities by various governments across the region. For instance, China has undertaken massive projects such as One Belt One Road (OBOR) and 13th Five Year Plan which are expected to boost its economy over the coming years. This is likely to create a huge demand for heavy-duty trucks across China’s key provinces including Gansu, Xinjiang Uyghur Autonomous Region, Ningxia Hui autonomous region and Chongqing municipality etc., thereby driving regional growth over the forecast period.
Growth Factors:
- Increasing demand for used trucks from the construction and transportation sectors.
- Rising popularity of pre-owned trucks among small businesses and entrepreneurs due to lower costs and easier financing options.
- Proliferation of online marketplaces for used trucks, making it easier for buyers to find the right truck at the right price point.
- Growing acceptance of certified pre-owned (CPO) trucks as a viable alternative to new vehicles, thanks to their high quality and competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Used Truck Market Research Report
By Type
Light Truck, Medium-duty Truck, Heavy Duty Truck
By Application
Construction, Oil & Gas, Others
By Companies
DAF, Scania, Kenworth, Volvo, International Used Trucks, Freightliner Used Trucks, Peterbilt, Truckworld, MAN, Cummins, Daimler
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Used Truck Market Report Segments:
The global Used Truck market is segmented on the basis of:
Types
Light Truck, Medium-duty Truck, Heavy Duty Truck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DAF
- Scania
- Kenworth
- Volvo
- International Used Trucks
- Freightliner Used Trucks
- Peterbilt
- Truckworld
- MAN
- Cummins
- Daimler
Highlights of The Used Truck Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Truck
- Medium-duty Truck
- Heavy Duty Truck
- By Application:
- Construction
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Used Truck Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A truck is a large vehicle that is used for transporting goods. Trucks can be used for transportation within a city, or they can be used to transport goods across an entire country.
Some of the major companies in the used truck market are DAF, Scania, Kenworth, Volvo, International Used Trucks, Freightliner Used Trucks, Peterbilt, Truckworld, MAN, Cummins, Daimler.
The used truck market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Used Truck Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Used Truck Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Used Truck Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Used Truck Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Used Truck Market Size & Forecast, 2018-2028
4.5.1 Used Truck Market Size and Y-o-Y Growth
4.5.2 Used Truck Market Absolute $ Opportunity
Chapter 5 Global Used Truck Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Used Truck Market Size Forecast by Type
5.2.1 Light Truck
5.2.2 Medium-duty Truck
5.2.3 Heavy Duty Truck
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Used Truck Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Used Truck Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Oil & Gas
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Used Truck Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Used Truck Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Used Truck Analysis and Forecast
9.1 Introduction
9.2 North America Used Truck Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Used Truck Market Size Forecast by Type
9.6.1 Light Truck
9.6.2 Medium-duty Truck
9.6.3 Heavy Duty Truck
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Used Truck Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Oil & Gas
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Used Truck Analysis and Forecast
10.1 Introduction
10.2 Europe Used Truck Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Used Truck Market Size Forecast by Type
10.6.1 Light Truck
10.6.2 Medium-duty Truck
10.6.3 Heavy Duty Truck
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Used Truck Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Oil & Gas
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Used Truck Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Used Truck Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Used Truck Market Size Forecast by Type
11.6.1 Light Truck
11.6.2 Medium-duty Truck
11.6.3 Heavy Duty Truck
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Used Truck Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Oil & Gas
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Used Truck Analysis and Forecast
12.1 Introduction
12.2 Latin America Used Truck Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Used Truck Market Size Forecast by Type
12.6.1 Light Truck
12.6.2 Medium-duty Truck
12.6.3 Heavy Duty Truck
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Used Truck Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Oil & Gas
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Used Truck Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Used Truck Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Used Truck Market Size Forecast by Type
13.6.1 Light Truck
13.6.2 Medium-duty Truck
13.6.3 Heavy Duty Truck
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Used Truck Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Oil & Gas
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Used Truck Market: Competitive Dashboard
14.2 Global Used Truck Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DAF
14.3.2 Scania
14.3.3 Kenworth
14.3.4 Volvo
14.3.5 International Used Trucks
14.3.6 Freightliner Used Trucks
14.3.7 Peterbilt
14.3.8 Truckworld
14.3.9 MAN
14.3.10 Cummins
14.3.11 Daimler
