How big is the Used Truck Market?

The Used Truck Market size is expected to reach USD 47.62 billion in 2024 and grow at a CAGR of greater than 5.23% to reach USD 61.09 billion by 2029. Read More

What is the current Used Truck Market size?

In 2024, the Used Truck Market size is expected to reach USD 47.62 billion. Read More

Who are the key players in Used Truck Market?

Volvo Trucks, Scania, MAN SE, Renault SA and Mercedes Benz are the major companies operating in the Used Truck Market. Read More

Which is the fastest growing region in Used Truck Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Used Truck Market?

In 2024, the Asia-Pacific accounts for the largest market share in Used Truck Market. Read More

What years does this Used Truck Market cover, and what was the market size in 2023?

In 2023, the Used Truck Market size was estimated at USD 45.13 billion. The report covers the Used Truck Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Used Truck Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Used Truck Market Share

Statistics for the 2023 & 2024 Used Truck market share, created by Mordor Intelligence™ Industry Reports. Used Truck share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Used Truck Industry

Key players operating in the used trucks market are Scania, Mercedes-Benz, Renault, Mascus, and Volvo Trucks. Manufacturers focus on launching new products to stay competitive in the market by incorporating advanced technologies, including IoT, AI, smart navigation systems, and accident prevention technologies.

In April 2022, Ashok Leyland partnered with Mahindra First Choice Wheels to launch an exclusive hybrid ecosystem for its used commercial vehicle business. The digital platform will facilitate exchanging, properly disposing of, and purchasing old commercial vehicles.