PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1980331
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1980331
Used Truck Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034
Growth Factors of used truck Market
The global used truck market continues to expand steadily, supported by growing demand across logistics, construction, agriculture, and e-commerce sectors. The market was valued at USD 58.16 billion in 2025 and is projected to increase to USD 61.42 billion in 2026. By 2034, the market is expected to reach USD 92.52 billion, registering a CAGR of 5.25% during the forecast period (2026-2034).
In 2025, North America dominated the global market with a 36.81% share, driven by strong resale networks and high transportation demand.
Market Overview
Used trucks are pre-owned commercial vehicles sold through dealers, auctions, or peer-to-peer platforms. They provide an affordable alternative to new trucks, making them particularly attractive to small and medium-sized businesses (SMBs). Growth in fleet renewal cycles, rapid expansion of e-commerce, and the need for operational efficiency are key contributors to market expansion.
Although the COVID-19 pandemic initially disrupted supply chains and reduced transactions, the market rebounded strongly due to rising logistics demand and the need for cost-effective transportation solutions.
Market Trends
Rising Adoption of Certified Pre-Owned (CPO) Programs
One of the most significant trends shaping the market is the growing adoption of Certified Pre-Owned (CPO) programs by manufacturers and dealers. Companies such as Volvo Trucks and Penske are offering rigorously inspected and refurbished vehicles backed by warranties. These programs enhance buyer confidence and improve resale value.
In addition, technological integration such as telematics and advanced diagnostics is increasing the reliability of used trucks. OEMs are also promoting electric trucks within used inventories to align with sustainability goals, reflecting a gradual shift toward environmentally friendly transportation.
Market Drivers
Increasing Prevalence of SMBs
The rising number of small and medium-sized businesses globally is a major driver. SMBs operate within limited budgets and prefer used trucks due to lower upfront costs. The expansion of e-commerce and last-mile delivery services further strengthens demand for affordable transportation options.
Light-duty and medium-duty trucks are particularly popular for urban logistics operations. Certified inspection programs by manufacturers further enhance trust and reliability, encouraging SMBs to invest in used vehicles.
Market Restraints
High Cost of New Electric and Alternative-Fuel Trucks
The increasing cost of new trucks, especially electric and alternative-fuel models, indirectly impacts the market. Battery-electric trucks can cost significantly more than diesel models, making them less accessible for many businesses. Although cost reductions are expected in the coming years, the high upfront price continues to influence purchasing decisions.
This pricing disparity sustains strong demand for used internal combustion engine (ICE) trucks, which remain more affordable and widely available.
Segmentation Analysis
By Truck Type
The market is segmented into light-duty, medium-duty, and heavy-duty trucks.
- Light-duty trucks dominate the market with a 70.19% share in 2026. Their versatility and suitability for e-commerce and last-mile delivery make them highly preferred.
- Medium-duty trucks are widely used in logistics and construction sectors.
- Heavy-duty trucks are witnessing the fastest growth due to increasing infrastructure projects and long-haul freight demand.
By Propulsion Type
The market is divided into ICE and electric trucks.
- The ICE segment dominates with a 94.02% share in 2026, owing to established infrastructure and lower purchase costs. It accounted for 94.10% in 2025.
- The electric segment is emerging rapidly, projected to grow at a CAGR of 7.50%, supported by environmental regulations and OEM investments in EV technology.
By Sales Channel
The market includes franchised dealers, independent dealers, and peer-to-peer platforms.
- Franchised dealers lead with a 45.29% share in 2026, benefiting from certified vehicles and warranty-backed offerings.
- Independent dealers are the fastest-growing segment due to competitive pricing and a broader vehicle selection.
- Peer-to-peer platforms are expanding steadily, projected to grow at a CAGR of 6.00%, driven by digital marketplace adoption.
Regional Outlook
North America
North America led the market with a valuation of USD 21.41 billion in 2025 and reached USD 22.36 billion in 2026. The U.S. market is projected to reach USD 16.98 billion in 2026. Strong logistics infrastructure and high freight demand support growth.
Asia Pacific
Asia Pacific is the fastest-growing region, valued at USD 18.33 billion and registering a 6.60% CAGR (2025-2032). China is projected to reach USD 5.34 billion in 2026, while India and Japan are expected to reach USD 4.53 billion and USD 2.76 billion, respectively.
Europe
Europe is projected to reach USD 11.31 billion in 2026. Germany is expected to account for USD 3.48 billion in 2026, while France is projected at USD 1.54 billion in 2025.
Rest of the World
This region was valued at USD 7.77 billion in 2025, supported by economic diversification and growing logistics demand in emerging markets.
Competitive Landscape
The market features strong competition among major players including Volvo Trucks, Daimler AG, MAN SE, PACCAR Inc., Navistar, Ryder System, Ashok Leyland, Hino Motors, Isuzu Motors, and Scania AB.
Leading companies are focusing on expanding certified pre-owned programs, strengthening dealer networks, and integrating digital sales platforms. Warranty extensions, online auctions, and AI-based fleet management solutions are key strategies enhancing competitive positioning.
Conclusion
The global used truck market is projected to grow from USD 58.16 billion in 2025 to USD 92.52 billion by 2034, supported by increasing demand from logistics, construction, and SMB sectors. North America remains dominant, while Asia Pacific emerges as the fastest-growing region. Although high new-truck costs and regulatory shifts pose challenges, the affordability, reliability, and expanding certified pre-owned ecosystem ensure sustained market expansion through 2034.
Segmentation By Truck Type
- Light-duty truck
- Medium-duty truck
- Heavy-duty truck
By Propulsion
- ICE
- Electric
By Sales Channel
- Franchised dealer
- Independent dealer
- Peer-to-peer
By Region
- North America (By Truck Type, By Propulsion, By Sales Channel)
- U.S. (By Propulsion)
- Canada (By Propulsion)
- Mexico (By Propulsion)
- Europe (By Truck Type, By Propulsion, By Sales Channel)
- U.K. (By Propulsion)
- Germany (By Propulsion)
- France (By Propulsion)
- Rest of Europe (By Propulsion)
- Asia Pacific (By Truck Type, By Propulsion, By Sales Channel)
- China (By Propulsion)
- India (By Propulsion)
- Japan (By Propulsion)
- South Korea (By Propulsion)
- Rest of Asia Pacific (By Propulsion)
- Rest of the World (By Truck Type, By Propulsion, By Sales Channel)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
4. Key Insights
- 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Impact of the COVID-19 Pandemic on Global Used Truck Market
5. Global Used Truck Market Analysis, Insights and Forecast, 2021-2034
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Truck Type
- 5.2.1. Light-duty truck
- 5.2.2. Medium-duty truck
- 5.2.3. Heavy-duty truck
- 5.3. Market Analysis, Insights and Forecast - By Propulsion
- 5.3.1. ICE
- 5.3.2. Electric
- 5.4. Market Analysis, Insights and Forecast - By Sales Channel
- 5.4.1. Franchised dealer
- 5.4.2. Independent dealer
- 5.4.3. Peer-to-peer
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of World
6. North America Used Truck Market Analysis, Insights and Forecast, 2021-2034
- 6.1. Market Analysis, Insights and Forecast - By Truck Type
- 6.1.1. Light-duty truck
- 6.1.2. Medium-duty truck
- 6.1.3. Heavy-duty truck
- 6.2. Market Analysis, Insights and Forecast - By Propulsion
- 6.2.1. ICE
- 6.2.2. Electric
- 6.3. Market Analysis, Insights and Forecast - By Sales Channel
- 6.3.1. Franchised dealer
- 6.3.2. Independent dealer
- 6.3.3. Peer-to-peer
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast - By Propulsion
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast - By Propulsion
- 6.4.3. Mexico
- 6.4.3.1. Market Analysis, Insights and Forecast - By Propulsion
- 6.4.1. U.S.
7. Europe Used Truck Market Analysis, Insights and Forecast, 2021-2034
- 7.1. Market Analysis, Insights and Forecast - By Truck Type
- 7.1.1. Light-duty truck
- 7.1.2. Medium-duty truck
- 7.1.3. Heavy-duty truck
- 7.2. Market Analysis, Insights and Forecast - By Propulsion
- 7.2.1. ICE
- 7.2.2. Electric
- 7.3. Market Analysis, Insights and Forecast - By Sales Channel
- 7.3.1. Franchised dealer
- 7.3.2. Independent dealer
- 7.3.3. Peer-to-peer
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. UK
- 7.4.1.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.4.4. Rest of Europe
- 7.4.4.1. Market Analysis, Insights and Forecast - By Propulsion
- 7.4.1. UK
8. Asia Pacific Used Truck Market Analysis, Insights and Forecast, 2021-2034
- 8.1. Market Analysis, Insights and Forecast - By Truck Type
- 8.1.1. Light-duty truck
- 8.1.2. Medium-duty truck
- 8.1.3. Heavy-duty truck
- 8.2. Market Analysis, Insights and Forecast - By Propulsion
- 8.2.1. ICE
- 8.2.2. Electric
- 8.3. Market Analysis, Insights and Forecast - By Sales Channel
- 8.3.1. Franchised dealer
- 8.3.2. Independent dealer
- 8.3.3. Peer-to-peer
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.4.2. India
- 8.4.2.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.4.3. Japan
- 8.4.3.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.4.5. Rest of Asia-Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast - By Propulsion
- 8.4.1. China
9. Rest of World Used Truck Market Analysis, Insights and Forecast, 2021-2034
- 9.1. Market Analysis, Insights and Forecast - By Truck Type
- 9.1.1. Light-duty truck
- 9.1.2. Medium-duty truck
- 9.1.3. Heavy-duty truck
- 9.2. Market Analysis, Insights and Forecast - By Propulsion
- 9.2.1. ICE
- 9.2.2. Electric
- 9.3. Market Analysis, Insights and Forecast - By Sales Channel
- 9.3.1. Franchised dealer
- 9.3.2. Independent dealer
- 9.3.3. Peer-to-peer
10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Rank Analysis (2025)
- 10.3. Competitive Dashboard
- 10.4. Comparative Analysis - Major Players
- 10.5. Company Profiles
- 10.5.1. Volvo Trucks (Sweden)
- 10.5.1.1. Overview
- 10.5.1.2. Products & services
- 10.5.1.3. SWOT Analysis
- 10.5.1.4. Recent Developments
- 10.5.1.5. Strategies
- 10.5.1.6. Financials (Based on Availability)
- 10.5.2. Daimler AG (Germany)
- 10.5.2.1. Overview
- 10.5.2.2. Products & services
- 10.5.2.3. SWOT Analysis
- 10.5.2.4. Recent Developments
- 10.5.2.5. Strategies
- 10.5.2.6. Financials (Based on Availability)
- 10.5.3. Scania AB (Sweden)
- 10.5.3.1. Overview
- 10.5.3.2. Products & services
- 10.5.3.3. SWOT Analysis
- 10.5.3.4. Recent Developments
- 10.5.3.5. Strategies
- 10.5.3.6. Financials (Based on Availability)
- 10.5.4. MAN SE (Germany)
- 10.5.4.1. Overview
- 10.5.4.2. Products & services
- 10.5.4.3. SWOT Analysis
- 10.5.4.4. Recent Developments
- 10.5.4.5. Strategies
- 10.5.4.6. Financials (Based on Availability)
- 10.5.5. PACCAR Inc. (U.S.)
- 10.5.5.1. Overview
- 10.5.5.2. Products & services
- 10.5.5.3. SWOT Analysis
- 10.5.5.4. Recent Developments
- 10.5.5.5. Strategies
- 10.5.5.6. Financials (Based on Availability)
- 10.5.6. Navistar International Corporation (U.S.)
- 10.5.6.1. Overview
- 10.5.6.2. Products & services
- 10.5.6.3. SWOT Analysis
- 10.5.6.4. Recent Developments
- 10.5.6.5. Strategies
- 10.5.6.6. Financials (Based on Availability)
- 10.5.7. Ryder System, Inc. (U.S.)
- 10.5.7.1. Overview
- 10.5.7.2. Products & services
- 10.5.7.3. SWOT Analysis
- 10.5.7.4. Recent Developments
- 10.5.7.5. Strategies
- 10.5.7.6. Financials (Based on Availability)
- 10.5.8. Ashok Leyland (India)
- 10.5.8.1. Overview
- 10.5.8.2. Products & services
- 10.5.8.3. SWOT Analysis
- 10.5.8.4. Recent Developments
- 10.5.8.5. Strategies
- 10.5.8.6. Financials (Based on Availability)
- 10.5.9. Hino Motors, Ltd. (Japan)
- 10.5.9.1. Overview
- 10.5.9.2. Products & services
- 10.5.9.3. SWOT Analysis
- 10.5.9.4. Recent Developments
- 10.5.9.5. Strategies
- 10.5.9.6. Financials (Based on Availability)
- 10.5.10. Isuzu Motors Ltd. (Japan)
- 10.5.10.1. Overview
- 10.5.10.2. Products & services
- 10.5.10.3. SWOT Analysis
- 10.5.10.4. Recent Developments
- 10.5.10.5. Strategies
- 10.5.10.6. Financials (Based on Availability)
- 10.5.1. Volvo Trucks (Sweden)
List of Tables
- Table 1: Global Used Truck Market, (USD Billion) Forecast, By Truck Type, 2021-2034
- Table 2: Global Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 3: Global Used Truck Market, (USD Billion) Forecast, By Sales Channel, 2021-2034
- Table 4: Global Used Truck Market (USD Billion) Forecast, By Region, 2021-2034
- Table 5: North America Used Truck Market, (USD Billion) Forecast, By Truck Type, 2021-2034
- Table 6: North America Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 7: North America Used Truck Market, (USD Billion) Forecast, By Sales Channel, 2021-2034
- Table 8: North America Used Truck Market (USD Billion) Forecast, By Country, 2021-2034
- Table 9: U.S. Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 10: Canada Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 11: Mexico Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 12: Europe Used Truck Market, (USD Billion) Forecast, By Truck Type, 2021-2034
- Table 13: Europe Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 14: Europe Used Truck Market, (USD Billion) Forecast, By Sales Channel, 2021-2034
- Table 15: Europe Used Truck Market (USD Billion) Forecast, By Country, 2021-2034
- Table 16: UK Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 17: Germany Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 18: France Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 19: Rest of Europe Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 20: Asia Pacific Used Truck Market, (USD Billion) Forecast, By Truck Type, 2021-2034
- Table 21: Asia Pacific Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 22: Asia Pacific Used Truck Market, (USD Billion) Forecast, By Sales Channel, 2021-2034
- Table 23: Asia Pacific Used Truck Market (USD Billion) Forecast By Country, 2021-2034
- Table 24: China Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 25: India Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 26: Japan Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 27: South Korea Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 28: Rest of Asia-Pacific Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 29: Rest of World Used Truck Market, (USD Billion) Forecast, By Truck Type, 2021-2034
- Table 30: Rest of World Used Truck Market, (USD Billion) Forecast, By Propulsion, 2021-2034
- Table 31: Rest of World Used Truck Market, (USD Billion) Forecast, By Sales Channel, 2021-2034
List of Figures
- Figure 1: Global Used Truck Market Revenue Breakdown (USD Billion, %) By Region, 2025 & 2034
- Figure 2: Global Used Truck Market (%) Breakdown By Truck Type, 2025 & 2034
- Figure 3: Global Used Truck Market(USD Billion) Breakdown By Light-duty truck, 2021-2034
- Figure 4: Global Used Truck Market(USD Billion) Breakdown By Medium-duty truck, 2021-2034
- Figure 5: Global Used Truck Market(USD Billion) Breakdown By Heavy-duty truck, 2021-2034
- Figure 6: Global Used Truck Market (%) Breakdown By Propulsion, 2025 & 2034
- Figure 7: Global Used Truck Market(USD Billion) Breakdown By ICE, 2021-2034
- Figure 8: Global Used Truck Market(USD Billion) Breakdown By Electric, 2021-2034
- Figure 9: Global Used Truck Market (%) Breakdown By Sales Channel, 2025 & 2034
- Figure 10: Global Used Truck Market(USD Billion) Breakdown By Franchised dealer, 2021-2034
- Figure 11: Global Used Truck Market(USD Billion) Breakdown By Independent dealer, 2021-2034
- Figure 12: Global Used Truck Market(USD Billion) Breakdown By Peer-to-peer, 2021-2034
- Figure 13: Global Used Truck Market Share (%) By Region, 2025 & 2034
- Figure 14: Global Used Truck Market Forecast (USD Billion), By North America, 2021-2034
- Figure 15: Global Used Truck Market Forecast (USD Billion), By Europe, 2021-2034
- Figure 16: Global Used Truck Market Forecast (USD Billion), By Asia Pacific, 2021-2034
- Figure 17: Global Used Truck Market Forecast (USD Billion), By Rest of World, 2021-2034
- Figure 18: North America Used Truck Market Value (USD Billion) By Truck Type, 2025 & 2034
- Figure 19: North America Used Truck Market Value Share (%) By Truck Type, 2025
- Figure 20: North America Used Truck Market Value (USD Billion) By Propulsion, 2025 & 2034
- Figure 21: North America Used Truck Market Value Share (%) By Propulsion, 2025
- Figure 22: North America Used Truck Market Value (USD Billion) By Sales Channel, 2025 & 2034
- Figure 23: North America Used Truck Market Value Share (%) By Sales Channel, 2025
- Figure 24: North America Used Truck Market Value (USD Billion) By Country, 2025 & 2034
- Figure 25: North America Used Truck Value Share (%) By Country, 2025
- Figure 26: Europe Used Truck Market Value (USD Billion) By Truck Type, 2025 & 2034
- Figure 27: Europe Used Truck Market Value Share (%) By Truck Type, 2025
- Figure 28: Europe Used Truck Market Value (USD Billion) By Propulsion, 2025 & 2034
- Figure 29: Europe Used Truck Market Value Share (%) By Propulsion, 2025
- Figure 30: Europe Used Truck Market Value (USD Billion) By Sales Channel, 2025 & 2034
- Figure 31: Europe Used Truck Market Value Share (%) By Sales Channel, 2025
- Figure 32: Europe Used Truck Market Value (USD Billion) By Country, 2025 & 2034
- Figure 33: Europe Used Truck Value Share (%) By Country, 2025
- Figure 34: Asia Pacific Used Truck Market Value (USD Billion) By Truck Type, 2025 & 2034
- Figure 35: Asia Pacific Used Truck Market Value Share (%) By Truck Type, 2025
- Figure 36: Asia Pacific Used Truck Market Value (USD Billion) By Propulsion, 2025 & 2034
- Figure 37: Asia Pacific Used Truck Market Value Share (%) By Propulsion, 2025
- Figure 38: Asia Pacific Used Truck Market Value (USD Billion) By Sales Channel, 2025 & 2034
- Figure 39: Asia Pacific Used Truck Market Value Share (%) By Sales Channel, 2025
- Figure 40: Asia Pacific Used Truck Market Value (USD Billion) By Country, 2025 & 2034
- Figure 41: Asia Pacific Used Truck Value Share (%) By Country, 2025
- Figure 42: Rest of World Used Truck Market Value (USD Billion) By Truck Type, 2025 & 2034
- Figure 43: Rest of World Used Truck Market Value Share (%) By Truck Type, 2025
- Figure 44: Rest of World Used Truck Market Value (USD Billion) By Propulsion, 2025 & 2034
- Figure 45: Rest of World Used Truck Market Value Share (%) By Propulsion, 2025
- Figure 46: Rest of World Used Truck Market Value (USD Billion) By Sales Channel, 2025 & 2034
- Figure 47: Rest of World Used Truck Market Value Share (%) By Sales Channel, 2025
- Figure 48: Global Used Truck Market Rank Analysis, By Key Players, 2025
