The Business Research Company’s Used Truck Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Used Truck Global Market Report 2023 evaluates used truck market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global used trucks market is poised for growth, projected to increase from $42.59 billion in 2022 to $45.39 billion in 2023, boasting a healthy compound annual growth rate (CAGR) of 6.6%. However, it’s essential to consider the broader economic landscape. The Russia-Ukraine conflict has cast a shadow over the global economic recovery post-COVID-19. Economic sanctions, rising commodity costs, and supply chain disruptions have triggered inflationary pressures. Nevertheless, the used trucks market is expected to continue its upward trajectory, reaching an estimated $58.12 billion by 2027, sustaining a CAGR of 6.4%. This emphasizes its resilience and continued growth in the automotive sector.
The ascendancy of the construction industry is anticipated to be a significant catalyst for the future growth of the used truck market. The construction industry, the industrial sector dedicated to creating, refurbishing, and maintaining vital infrastructures, plays a pivotal role. Used trucks serve as indispensable workhorses for the transportation of a wide array of construction materials on job sites. A case in point: In June 2021, government data agency NZ Tauranga Aotearoa reported a notable 3.7% upsurge in building activities during March 2021. Moreover, residential activities soared by 4.3% in 2021 when compared to the preceding year. This vibrant trend extends beyond borders; as per the US Census Bureau, construction activities’ value catapulted from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, constituting a remarkable 10.2% growth. Consequently, the burgeoning construction sector is a driving force behind the flourishing used truck market
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The used truck market segments in the report are:
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
Top 5 Major Key Players Are:
Mercedes Benz AG
Daimler Truck AG
Charter Trucks Co
Renault SA
AB Volvo
Table Of Contents
1. Executive Summary
2. Used Truck Market Characteristics
3. Used Truck Market Trends And Strategies
4. Used Truck Market – Macro Economic Scenario
5. Used Truck Market Size And Growth
……..
32. Global Used Truck Market Competitive Benchmarking
33. Global Used Truck Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Used Truck Market
35. Used Truck Market Future Outlook and Potential Analysis
36. Appendix
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