April 2025
Senior Research Analyst
Reviewed By
The used truck market is forecasted to expand from USD 53.95 billion in 2025 to USD 118.64 billion by 2034, growing at a CAGR of 9.15% from 2025 to 2034.
The used truck market is a prominent branch of the automotive industry. This industry deals in the distribution of used trucks in different parts of the world. There are different types of vehicles sold by this sector consisting of medium duty truck, heavy duty truck, off-road truck and some others. These trucks are sold by a suitable sales channel comprising of independent dealer, franchise dealer, peer-to-peer dealer and others. The end-users of this sector consist of construction, logistics & transportation, mining, oil & gas and some others. The rising application of used trucks in mining sector is crucial for the market expansion. This market is expected to rise significantly with the growth of the construction sector in different parts of the globe.
Metric | Details |
Market Size in 2024 | USD 49.43 Billion |
Projected Market Size in 2034 | USD 118.64 Billion |
CAGR (2025 - 2034) | 9.15% |
Leading Region | Asia Pacific |
Market Segmentation | By Vehicle, By Sales Channel, By End-user and By Region |
Top Key Players | Volvo, Scania, Daimler, Mascus |
In April 2023, Sanjeev Kumar, the President MHCV, Ashok Leyland made an announcement stating that, “The Used Vehicle business is a key focus area for us as it enables our customers to liquidate their vehicles with better resale value. We believe this e-marketplace will help in enhancing the overall customer experience in exchanging their old vehicles for brand new Ashok Leyland trucks and buses by bringing a level of ease, and transparency into the process and thereby building trust.”
Asia Pacific held the largest share of the used truck market. The growing demand for heavy duty trucks in mining and construction sector has boosted the market growth. Also, the rising development in the e-commerce sector coupled with rapid investment in logistics sector is crucial for the industrial expansion. Moreover, the presence of several market players such as Tata, Ashok Leyland, Eicher and some others is expected to drive the market growth in this region.
The used truck market is a highly competitive industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Volvo, Scania, Daimler, Mascus, MAN and some others. These companies are constantly engaged in delivering used trucks to consumers and adopting numerous strategies to maintain their dominance in this industry.
By Vehicle
By Sales Channel
By End-user
By Region
April 2025
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Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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