PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1441992
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1441992
Used Semi-Truck Market Size - By Class (Class 8, Class 7, Class 6), By Sales Channel (Franchised Dealer, Independent Dealer, Peer-to-Peer), By Fuel (Gasoline, Electric, Diesel), Growth Prospects, Regional Outlook & Global Forecast, 2024 - 2032
Global Used Semi-Truck Market size will register an 8% CAGR from 2024 to 2032, propelled by the demand for cost-effective transportation solutions and the availability of certified pre-owned inventory from reputable dealers. Businesses seeking to minimize initial investment costs while maintaining operational efficiency are increasingly turning to used semi-trucks. The assurance provided by certified pre-owned vehicles, coupled with dealer reliability, enhances buyer confidence, leading to an expansion in market size. As industries prioritize affordability and reliability in their transportation needs, the used semi-truck industry will experience significant growth in the coming years.
For instance, in April 2023, Ashok Leyland, a manufacturer of commercial vehicles, introduced its e-marketplace called Re-AL for pre-owned commercial vehicles. This platform aims to facilitate customers in trading their used vehicles and transitioning to new Ashok Leyland trucks and buses. This launch enhances accessibility and facilitates seamless transactions, thereby bolstering the growth and efficiency of the market.
The used semi-truck market is segmented based on sales channel, fuel, and region.
The franchised dealer segment will boast commendable growth through 2032, driven by their expansive network, established reputation, and access to certified pre-owned inventory. Offering reassurance through rigorous inspection processes and warranties, franchised dealers are preferred by buyers seeking reliability. With their strong market presence and customer trust, franchised dealers will remain at the forefront of the used semi-truck industry, ensuring continued growth and success in the industry.
The diesel segment will gain a noteworthy used semi-truck market share between 2024 and 2032 due to the widespread use and reliability of diesel-fueled semi-trucks. Diesel-powered semi-trucks are favored for their robust performance, fuel efficiency, and towing capacity, making them the preferred choice for commercial transportation needs. Additionally, diesel engines are well-established in the market, with a vast inventory of pre-owned vehicles available. As industries continue to rely on diesel-powered trucks for their transportation requirements, the diesel segment will maintain its leading position in the used semi-truck market.
North America used semi-truck industry will grow at a significant CAGR from 2024 to 2032, attributed to the region's robust transportation infrastructure, extensive road networks, and high demand for commercial vehicles. Additionally, the presence of major manufacturers and a thriving second-hand truck market further bolster North America's position. With the region's significant contributions to the global transportation industry, North America will emerge as a key contributor to the used semi-truck industry's growth and dynamics.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Manufacturers
- 3.2.2 Fleet management providers
- 3.2.3 Service providers
- 3.2.4 Technology providers
- 3.2.5 End users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Expanding transportation and logistics sector
- 3.8.1.2 Rising demand for cost-efficient options and customization
- 3.8.1.3 Rising innovations in trucking technology
- 3.8.1.4 Increased demand for lower financial risks
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High maintenance and repair costs
- 3.8.2.2 Limited warranty on parts
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Class, 2018-2032 ($Mn)
- 5.1 Key trends
- 5.2 Class 6
- 5.3 Class 7
- 5.4 Class 8
Chapter 6 Market Estimates & Forecast, By Sales Channel, 2018-2032 ($Mn)
- 6.1 Key trends
- 6.2 Franchised dealer
- 6.3 Independent dealer
- 6.4 Peer-to-Peer
Chapter 7 Market Estimates & Forecast, By Fuel, 2018-2032 ($Mn)
- 7.1 Key trends
- 7.2 Gasoline
- 7.3 Electric
- 7.4 Diesel
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 ($Mn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Russia
- 8.3.6 Belgium
- 8.3.7 Sweden
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Indonesia
- 8.4.6 Thailand
- 8.4.7 Vietnam
- 8.4.8 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Iran
- 8.6.5 Turkey
- 8.6.6 Rest of MEA
Chapter 9 Company Profiles
- 9.1 AB Volvo
- 9.2 Arrow Truck Sales, Inc.
- 9.3 Bergey's Truck Centers
- 9.4 Daimler Trucks
- 9.5 East Coast International Trucks
- 9.6 Enterprise Truck Rental
- 9.7 Fyda Freightliner
- 9.8 International Used Trucks Center
- 9.9 IronPlanet Inc.
- 9.10 IVECO S.p.A
- 9.11 MAN Truck & Bus SE
- 9.12 MHC Used Truck Sales (Murphy-Hoffman Company)
- 9.13 PACCAR Inc.
- 9.14 Penske Used Trucks
- 9.15 Piedmont Peterbilt
- 9.16 Premier Truck Group
- 9.17 Ritchie Bros. Auctioneers
- 9.18 Ryder System, Inc.
- 9.19 Sandhills Global (Truckpaper)
- 9.20 Scania
- 9.21 Schneider National
- 9.22 Summit Truck Group
- 9.23 Tata Motors Limited
