PUBLISHER: IMARC | PRODUCT CODE: 1729494
PUBLISHER: IMARC | PRODUCT CODE: 1729494
The Japan used truck market size reached USD 1.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3.7% during 2025-2033. The rapid industrialization activities, imposition of stringent regulations by the Government of Japan, widespread vehicle utilization by e-commerce and retail businesses, the emerging trend of green consumerism, and the recent technological advancements represent some of the key factors driving the market.
A used truck is defined as a commercial vehicle that has been previously owned, serving various purposes, including transportation and other business-centric activities. These vehicles are subjected to rigorous evaluations to determine their state, focusing on key components such as the engine, transmission, brakes, suspension, bodywork, and interior. They are used in a wide spectrum of applications, such as construction, agriculture, mining, freight transport, logistics, forestry, retail delivery, and specialized areas, including oil and gas transportation, military support, public transportation, refrigerated goods, towing, and mobile business platforms. Used trucks offer multiple benefits, such as a reduction in initial purchase cost, immediate availability, known performance history, customization potential, decreased depreciation, a broad selection range, and the existence of warranty options. They also come with flexible financing solutions, opportunities for insurance cost reduction, and possible tax incentives. As compared to new trucks, used trucks offer various advantages, such as practicality for short-term needs, simplified resale procedures, adaptability across diverse industrial sectors, contribution to sustainability via reuse, access to certified pre-owned selections, professional-grade inspection assurances, minimized total lifecycle expenses, and compatibility with fiscal limitations.
The resurgence of industrial activities and rapid urbanization in Japan, which has increased the demand for transportation solutions, is propelling the market growth. Additionally, the imposition of stringent regulations by the Government of Japan promoting the recycling and reutilization of vehicles is acting as another growth-inducing factor. Furthermore, widespread vehicle utilization as an economical and viable solution by e-commerce and retail businesses for logistics and freight services is contributing to the market growth. Apart from this, the emerging trend of green consumerism in Japan, which is encouraging the adoption of used trucks as a sustainable choice that reduces carbon footprint and supports environmental preservation, is positively influencing the market growth. Besides this, the recent technological advancements, such as the integration of advanced, fuel-efficient engines in used trucks, which aligns with the shifting trend towards eco-friendly transportation, are supporting the market growth. Moreover, the growing vehicle adoption in transportation and construction activities due to increasing investment in infrastructure projects is catalyzing the market growth. In addition to this, the versatility of used trucks, as they are capable of being customized to suit various industry needs, such as mining, waste management, military support, and emergency services, is favoring the market growth. Other factors, including the availability of flexible financing options and lower insurance premiums, the introduction of professional inspections and certifications associated with used trucks, and increasing emphasis on sustainability, are anticipated to drive the market growth.