Asia-Pacific Used Pickup Truck Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025

Description

Asia-Pacific Used Pickup Truck Market was valued at USD 6.2 billion in 2024 and is estimated to grow at a CAGR of 4.4% to reach USD 8.7 billion by 2034. The market growth is being propelled by shifting consumer perceptions and increasing trust in pre-owned vehicles, thanks to the growing presence of Certified Pre-Owned (CPO) programs across the region. These structured programs, offered by manufacturers and dealership networks, include thorough inspections, extended warranties, and additional ownership perks. They have transformed how buyers approach the used pickup market by adding a sense of quality assurance and credibility.

Asia-Pacific Used Pickup Truck Market - IMG1

Consumers are now more inclined to choose pre-owned pickups that deliver performance and dependability while maintaining value. The availability of these certified vehicles has also made it easier for resale pickups to retain appeal and pricing stability, which fuels recurring demand. As buyers look for affordable utility vehicles that are reliable and trustworthy, the used pickup truck sector is seeing consistent momentum. This pattern suggests a strong and steady outlook for second-hand pickups across both commercial and personal usage in various parts of the Asia-Pacific region.

Market Scope
Start Year	2024
Forecast Year	2025-2034
Start Value	$6.2 Billion
Forecast Value	$8.7 Billion
CAGR	4.4%

Used pickup trucks remain an integral part of both vocational and personal transportation across the Asia-Pacific, particularly where they're used in services, trades, and light-duty transport roles. They offer a combination of durability, power, and affordability, making them ideal for diverse needs. Expanding rural economies are driving up interest in affordable yet capable vehicles, particularly in agriculture and small-scale logistics. Their utility in cross-terrain movement makes them indispensable, especially in developing parts of the region where versatility and cost-effectiveness are crucial. This growing need supports the rising adoption of used trucks across evolving economies.

The mid-size pickup segment generated USD 2.8 billion in 2024. These trucks deliver a balance between utility and efficiency, making them an excellent fit for both city driving and rural use. Their compact size, combined with good fuel economy and maneuverability, positions them as practical alternatives for daily tasks. Demand is rising in areas where these vehicles are often used for hauling lighter loads, personal transport, or operational support in smaller businesses. A variety of models from key global automakers offer a broad range of features including different engine types, transmissions, drive systems, cab configurations, and trim levels, allowing buyers in the second-hand market to find a model suited to their specific needs.

Gasoline-powered pickups segment held a 42% share in 2024. In several Asia-Pacific markets, these vehicles are particularly favored due to their more affordable pricing compared to diesel or electric models. This makes them appealing for first-time vehicle buyers, families, and small businesses looking to optimize budgets without sacrificing functionality. In addition, gasoline availability is widespread, especially in areas where diesel may be less accessible or costlier. Buyers also appreciate the opportunity to purchase higher trim models for the same budget, which enhances their overall ownership experience and value for money.

China Used Pickup Truck Market held a 65% share in 2024. The country's rapidly urbanizing landscape and ongoing infrastructure development have significantly increased the demand for utility vehicles. Used pickup trucks serve a critical role for businesses, contractors, and municipal services in growing urban centers and rural provinces. They are frequently used in logistics, site transport, and various other utility-driven applications. Their adaptability and cost-efficiency make them a logical choice for buyers who need rugged performance across mixed road conditions. The use of pickups in industrial and semi-agricultural operations continues to boost demand in China's secondary truck market.

Prominent companies active in the Asia-Pacific Used Pickup Truck Market include MB Motor, Tata Motor, Toyota Motor, Volvo Trucks, Mahindra, Ford Motor Company, Autocraft Japan, General Motors, Dandy Truck Sales, and Daimler Truck. To build a stronger foothold in the used pickup truck sector across Asia-Pacific, leading companies are enhancing their Certified Pre-Owned offerings, integrating comprehensive warranty coverage, and standardized vehicle inspections. These measures foster buyer confidence and encourage higher resale values. Many brands are optimizing their digital platforms to streamline online vehicle listings, remote financing options, and mobile-enabled sales tools. Regional players are expanding dealership networks and logistics to tap into emerging rural markets.

Product Code: 14025

Chapter 1 Methodology & Scope

1.1 Market scope and definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Data mining sources
- 1.3.1 Global
- 1.3.2 Regional/Country
1.4 Base estimates and calculations
- 1.4.1 Base year calculation
- 1.4.2 Key trends for market estimation
1.5 Primary research and validation
- 1.5.1 Primary sources
1.6 Forecast model
1.7 Research assumptions and limitations

Chapter 2 Executive Summary

2.1 Industry 360° synopsis
2.2 Key market trends
- 2.2.1 Regional
- 2.2.2 Size
- 2.2.3 Age
- 2.2.4 Range
- 2.2.5 Powertrain
- 2.2.6 Drive
- 2.2.7 Sales channel
- 2.2.8 Application
2.3 TAM Analysis, 2025-2034
2.4 CXO perspectives: Strategic imperatives
- 2.4.1 Key decision points for industry executives
- 2.4.2 Critical success factors for market players
2.5 Future Outlook and Strategic Recommendations

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Supplier Landscape
  - 3.1.1.1 Original Equipment Manufacturers (OEMs) & dealerships
  - 3.1.1.2 Independent used truck dealers
  - 3.1.1.3 Auction houses & brokers
  - 3.1.1.4 Leasing & rental companies
  - 3.1.1.5 Online marketplaces & platforms
- 3.1.2 Profit Margin
- 3.1.3 Cost structure
- 3.1.4 Value addition at each stage
- 3.1.5 Factor affecting the value chain
- 3.1.6 Disruptions
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Cost-effectiveness and affordability
  - 3.2.1.2 Growth of e-commerce, logistics, and construction sectors
  - 3.2.1.3 Increasing demand for versatile vehicles
  - 3.2.1.4 Rise of online platforms and digitalization
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Concerns regarding maintenance and reliability
  - 3.2.2.2 Availability of replacement parts and qualified technicians for older models
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Porter's analysis
3.6 PESTEL analysis
3.7 Technology and Innovation landscape
- 3.7.1 Current technological trends
- 3.7.2 Emerging technologies
3.8 Price trend
- 3.8.1 By country
- 3.8.2 By powertrain
3.9 Cost breakdown analysis
3.10 Production statistics
- 3.10.1 Production hubs
- 3.10.2 Consumption hubs
- 3.10.3 Export and import
3.11 Patent analysis
3.12 Sustainability and Environmental Aspects
- 3.12.1 Sustainable Practices
- 3.12.2 Waste Reduction Strategies
- 3.12.3 Energy Efficiency in Production
- 3.12.4 Eco-friendly Initiatives
- 3.12.5 Carbon Footprint Considerations

Chapter 4 Competitive Landscape, 2024

4.1 Introduction
4.2 Company market share analysis
- 4.2.1 China
- 4.2.2 Japan
- 4.2.3 India
- 4.2.4 South Korea
- 4.2.5 Australia
- 4.2.6 New Zealand
- 4.2.7 Southeast Asia
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix
4.6 Key developments
- 4.6.1 Mergers & acquisitions
- 4.6.2 Partnerships & collaborations
- 4.6.3 New Product Launches
- 4.6.4 Expansion Plans and funding

Chapter 5 Market Estimates & Forecast, By Size, 2021 - 2034 ($Bn & Units)

5.1 Key trends
5.2 Compact
5.3 Mid-size
5.4 Full-size

Chapter 6 Market Estimates & Forecast, By Powertrain, 2021 - 2034 ($Bn & Units)

6.1 Key trends
6.2 Gasoline
6.3 Diesel
6.4 Electric
6.5 Hybrid

Chapter 7 Market Estimates & Forecast, By Age, 2021 - 2034 ($Bn & Units)

7.1 Key trends
7.2 Up to 3 years
7.3 5-10 years
7.4 Above 10 years

Chapter 8 Market Estimates & Forecast, By Range, 2021 - 2034 ($Bn & Units)

8.1 Key trends
8.2 Less than 50,000
8.3 50,000-1,00,000 km
8.4 Above 1,00,000 km

Chapter 9 Market Estimates & Forecast, By Drive, 2021 - 2034 ($Bn & Units)

9.1 Key trends
9.2 Rear-wheel drive
9.3 Four-wheel drive

Chapter 10 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn & Units)

10.1 Key trends
10.2 Personal
10.3 Commercial
- 10.3.1 Construction and heavy equipment
- 10.3.2 Agriculture and farming
- 10.3.3 Landscaping and outdoor services
- 10.3.4 Utility and municipal use

Chapter 11 Market Estimates & Forecast, By Sales Channel, 2021 - 2034 ($Bn & Units)

11.1 Key trends
11.2 Franchise dealers
11.3 Independent dealers
11.4 Peer-to-peer

Chapter 12 Market Estimates & Forecast, By Country, 2021 - 2034 ($Bn & Units)

12.1 Key trends
12.2 China
12.3 Japan
12.4 India
12.5 South Korea
12.6 Australia
12.7 New Zealand
12.8 Southeast Asia
- 12.8.1 Malaysia
- 12.8.2 Philippines
- 12.8.3 Singapore
- 12.8.4 Thailand
- 12.8.5 Rest of Southeast Asia

Chapter 13 Company Profiles

13.1 Autocraft Japan
13.2 CarPool Korea
13.3 Daimler Truck
13.4 Dandy Truck Sales
13.5 Every
13.6 Ford Motor Company
13.7 Foton Motor
13.8 General Motors
13.9 Asia-Pacific Corporation
13.10 Gumtree
13.11 Mahindra & Mahindra
13.12 MB Motor
13.13 Motorfit
13.14 National Truck Wholeseller
13.15 Road Logisol
13.16 Sandhills Cloud Pacific.
13.17 Tata Motor
13.18 Toyota Motor Corporation
13.19 Truck Junction
13.20 Vansun Ventures

Asia-Pacific Used Pickup Truck Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034