| Study Period | 2020 - 2030 |
| Market Size (2025) | USD 14.56 Billion |
| Market Size (2030) | USD 19.21 Billion |
| CAGR (2025 - 2030) | 5.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Used Semi-Truck Market Analysis
The Used Semi-Truck Market size is estimated at USD 14.56 billion in 2025, and is expected to reach USD 19.21 billion by 2030, at a CAGR of 5.70% during the forecast period (2025-2030).
As international trade expands and the need for cross-border transportation grows, the demand for sturdy and reliable semi-trucks has surged, fueling the growth of the global used semi-truck market. The American Trucking Association reported that in 2023, trucks moved 11.18 billion tons of freight (considering primary shipments only), accounting for over 70% of the total domestic tonnage shipped within the U.S. Given the ongoing need for efficient freight hauling, the robust demand for used semi-trucks underscores their practicality and economic benefits for those addressing the rising logistics and transportation needs.
The booming e-commerce sector and its demand for efficient logistics solutions further drive the used semi-truck market. As online retail expands and the need for timely deliveries intensifies, the demand for a robust and cost-effective transportation network has surged. Used semi-trucks have emerged as a solution, striking a balance between affordability and reliability.
Technological advancements in refurbishing and maintaining used semi-trucks have boosted their performance and extended their lifespan, positioning them as a viable alternative to pricier new models. Furthermore, with a global emphasis on sustainability and minimizing the transportation industry's environmental impact, many businesses are turning to second-hand semi-trucks, bolstering the growth of the used semi-truck market.
Used Semi-Truck Market Trends
Heavy-duty Trucks Dominate the Market
The demand for used semi-trucks has surged, with heavy-duty trucks leading the charge. Classified as Class 7 and Class 8, these trucks are vital for industries like logistics, construction, and long-haul freight, bolstering their appeal in the secondary market. Their robustness, versatility, and capacity for demanding operations make heavy-duty trucks the go-to choice for buyers seeking reliable and cost-effective transportation. Production figures for heavy-duty trucks have remained consistent, with 4.28 million units produced in 2021, followed by 3.77 million units in 2023.
In North America, the construction industry is on the brink of significant expansion, fueled by prospects in infrastructure, residential, and non-residential sectors. Trucks boasting advanced features -like airbag occupancy sensors, air conditioning, cruise control, ABS, driveline traction control, and electronic stability - are becoming the go-to for material handling and transportation in construction and manufacturing.
However, for construction firms, purchasing new trucks is a hefty financial undertaking, especially for short-term projects. Opting to lease heavy-duty trucks proves to be a wiser decision, allowing them to avoid substantial start-up expenses. A growing number of construction equipment users in North America are either renting heavy-duty trucks or embracing a 'pay-as-you-use' model. This strategy not only optimizes operations but has also led to a notable uptick in demand for used heavy-duty trucks.
Heavy-duty trucks' dominance in the used market can be attributed to their long operational lifespan. Unlike their smaller counterparts, these trucks are engineered for durability, often running efficiently for hundreds of thousands of miles, ensuring they remain a valuable asset even in the second-hand market.
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The United States holds the largest share in the North America region
Driven by a robust transportation and logistics infrastructure, the United States dominates the North American used semi-truck market. As the region's largest economy, the U.S. heavily relies on road freight for goods transportation, ensuring a steady demand for semi-trucks. Given the high costs of new trucks, many businesses and owner-operators are turning to the used truck market as a cost-effective solution. In 2021, the U.S. produced 2.86 million heavy-duty trucks, and by 2023, this figure surged to 3.29 million units, marking a 15% growth.
The expansive trucking industry is a significant reason for the U.S.'s dominance in North America. With over 3.5 million truck drivers and an extensive highway network, trucking is pivotal to domestic freight transport. This demand fosters a vibrant secondary market for semi-trucks, where businesses seek affordable options to grow or sustain their fleets. Heavy-duty trucks, especially Class 8 vehicles, are in high demand due to their capability for long hauls and heavy loads, crucial for sectors like retail, construction, and agriculture.
The U.S. market is further bolstered by a robust ecosystem of dealerships, auctions, and online platforms that streamline the buying and selling of used trucks. These avenues offer buyers a diverse range of vehicles at competitive prices, propelling the market's expansion. Moreover, regulatory frameworks advocating sustainable practices see companies upgrading to newer, eco-friendly models while selling their older, yet functional, vehicles in the used market.
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Used Semi-Truck Industry Overview
The Used Semi-Truck market features a blend of large dealerships, independent sellers, auction platforms, and online marketplaces. The market's fragmented nature sees regional players often taking the lead in specific territories. Major players, including AB Volvo, IronPlanet Inc, IVECO, International Used Truck Centers, and Paccar Inc, dominate the organized segment. They offer certified pre-owned vehicles, complete with warranties, financing options, and aftersales services. For instance,
In June 2023, Ryder System, Inc. inaugurated a facility in Boston South, focusing on the sale of used trucks. This site showcases a varied inventory, including semi-trucks, vans, and trailers. Before hitting the market, each vehicle undergoes meticulous inspection and reconditioning. Moreover, customers enjoy tailored financing options and maintenance services.
In April 2023, PACCAR announced its minority equity stake in Platform Science, aligning with its connected truck vision. This strategic investment bolstered the partnership, with an objective to integrate Platform Science's Virtual Vehicle technology into PACCAR's Connect telematics system.
Auction platforms like Ritchie Bros and digital marketplaces such as TruckPaper and CommercialTruckTrader are transforming the industry by ensuring transparent pricing and enhanced accessibility.
Used Semi-Truck Market Leaders
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AB Volvo
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IronPlanet Inc.
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INVECO
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Internation Used Truck Centers
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Paccar Inc
- *Disclaimer: Major Players sorted in no particular order
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Used Semi-Truck Market News
- August 2024: Penske Used Trucks officially unveiled its online auction platform for pre-owned vehicles. This innovative auction site aims to simplify the process of purchasing commercial equipment. It boasts a user-friendly interface, enabling buyers to effortlessly discover and place bids on a diverse range of equipment offered by Penske.
- May 2024: Iveco rebranded its used truck offering from OK Trucks to Iveco Certified Pre-Owned. The revamped program encompasses electric vehicles alongside traditional diesel and natural gas models. This marked the latest evolution of the Italian truck maker's second-hand initiative, which began in 1995 under the Used Plus brand. After introducing the OK Trucks brand in 2015, Iveco transitioned to the Certified Pre-Owned label, backed by a comprehensive 10-pillar promise.
- June 2023: BharatBenz announced its entry into the used commercial vehicle sector with the launch of 'BharatBenz Certified.' This initiative offers a curated range of pre-owned BharatBenz trucks, underscoring the company's dedication to refurbishing and marketing used vehicles exclusively from the BharatBenz lineup.
Used Semi-Truck Industry Segmentation
A used semi-truck, often called a tractor or big rig, is a heavy-duty vehicle previously owned and primarily used for hauling freight. As the front part of tractor-trailers, these trucks are engineered to pull one or more trailers laden with goods. For owner-operators and small businesses aiming to expand their fleets, buying a used semi-truck presents a budget-friendly alternative to investing in a brand-new vehicle.
Used Semi-truck Market is segmented vehicle type, propulsion type, sales channel and geography. Based on the vehicle type, the market is segmented into light-duty truck, medium-duty truck, and heavy-duty truck. Based on the propulsion type, the market is segmented into ICE and Electric. Based on sales channel, the market is segmented into franchised dealer, independent dealer and Customer to Customer. Based on the geography, the market is segmented into the North America, Europe, Asia Pacific and Rest of the World. For each segment, market sizing and forecast have been done on the basis of value (USD).
| Vehicle Type | Light-duty Truck | ||
| Medium-duty Truck | |||
| Heavy-duty Truck | |||
| Propulsion Type | ICE | ||
| Electric | |||
| Sales Channel | Franchised Dealer | ||
| Independent Dealer | |||
| Customer to Customer | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Asia Pacific | India | ||
| China | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Rest of the World | South America | ||
| Middle East and Africa | |||
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Used Semi-Truck Market Research FAQs
How big is the Used Semi-Truck Market?
The Used Semi-Truck Market size is expected to reach USD 14.56 billion in 2025 and grow at a CAGR of 5.70% to reach USD 19.21 billion by 2030.
What is the current Used Semi-Truck Market size?
In 2025, the Used Semi-Truck Market size is expected to reach USD 14.56 billion.
Who are the key players in Used Semi-Truck Market?
AB Volvo, IronPlanet Inc., INVECO, Internation Used Truck Centers and Paccar Inc are the major companies operating in the Used Semi-Truck Market.
Which is the fastest growing region in Used Semi-Truck Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Used Semi-Truck Market?
In 2025, the North America accounts for the largest market share in Used Semi-Truck Market.
What years does this Used Semi-Truck Market cover, and what was the market size in 2024?
In 2024, the Used Semi-Truck Market size was estimated at USD 13.73 billion. The report covers the Used Semi-Truck Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Used Semi-Truck Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Used Semi-Truck Industry Report
Statistics for the 2025 Used Semi-Truck market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Used Semi-Truck analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
