Global Used Semi Truck Market Size Study, by Sales Channel (Franchised Dealer, Independent Dealer, Peer-to-Peer), by Propulsion Type (ICE, Electric), and Regional Forecasts 2022-2032

Description

The Global Used Semi Truck Market was valued at approximately USD 13.82 billion in 2023 and is projected to grow at a CAGR of 5.50% from 2024 to 2032. With increasing operational costs and stringent emission regulations pushing fleet owners and independent truck operators to consider cost-effective alternatives, the demand for used semi-trucks is on the rise. This market is primarily driven by the affordability of pre-owned heavy-duty vehicles, expanding logistics networks, and a growing preference for fuel-efficient trucks with advanced technologies.

The industry has witnessed a shift in purchasing behavior as small and medium-scale trucking businesses, unable to afford brand-new vehicles, increasingly turn to high-quality used semi-trucks with extended lifespans. Moreover, the rise of digital platforms and blockchain-backed transaction models has streamlined the buying and selling process, enabling transparency in vehicle history, pricing, and financing options. However, challenges such as fluctuating resale values, regulatory compliance complexities, and maintenance uncertainties could hinder market growth.

North America holds the dominant position in the global used semi-truck market, attributed to the presence of a large trucking industry, structured resale markets, and a high demand for commercial vehicle replacements. The United States and Canada exhibit strong demand due to well-established trade routes and the need for cost-effective fleet expansion. Meanwhile, Europe continues to see steady growth, driven by stringent emission standards encouraging fleet operators to opt for newer, cleaner, used trucks. The Asia-Pacific region, led by China, India, and Japan, is expected to witness the fastest growth, owing to increasing e-commerce penetration, industrial expansion, and rising investments in transportation infrastructure.

As the logistics and supply chain industry expands worldwide, key industry players are focusing on digitization, vehicle certification programs, and strategic dealership expansions to enhance trust and efficiency in the used truck ecosystem. The market is also seeing an increasing inclination toward electric semi-trucks, with major manufacturers developing pre-owned vehicle certification programs to encourage fleet electrification.

Major Market Players Included in This Report:

Volvo Trucks
PACCAR Inc.
Daimler Truck AG
Navistar International Corporation
Scania AB
MAN SE
Tata Motors Limited
Isuzu Motors Limited
Hino Motors Ltd.
Mack Trucks, Inc.
Kenworth Truck Company
Freightliner Trucks
Ryder System, Inc.
Penske Truck Leasing
J.B. Hunt Transport Services, Inc.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Sales Channel:

Franchised Dealer
Independent Dealer
Peer-to-Peer

By Propulsion Type:

Internal Combustion Engine (ICE)
Electric

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study:

Historical Year: 2022, 2023
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenue projections and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level insights into major regions.
Competitive landscape assessment with intelligence on key market players and their strategies.
Analysis of industry drivers, restraints, opportunities, and challenges affecting market growth.
Demand-side and supply-side analysis of the used semi-truck ecosystem.

Chapter 1. Global Used Semi Truck Market Executive Summary

1.1. Global Used Semi Truck Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Sales Channel}
- 1.3.2. {By Propulsion Type}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Used Semi Truck Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Used Semi Truck Market Dynamics

3.1. Market Drivers
- 3.1.1. Cost-effectiveness of Pre-owned Heavy-Duty Vehicles
- 3.1.2. Rising Operational Costs and Stringent Emission Regulations
- 3.1.3. Expanding Logistics Networks and Demand for Fuel Efficiency
3.2. Market Challenges
- 3.2.1. Fluctuating Resale Values
- 3.2.2. Regulatory Compliance Complexities
- 3.2.3. Maintenance Uncertainties and Lifecycle Issues
3.3. Market Opportunities
- 3.3.1. Growth of Digital Platforms and Transparent Transactions
- 3.3.2. Expansion into Electric Semi Truck Certification Programs
- 3.3.3. Strategic Dealership Expansions and Fleet Electrification Initiatives

Chapter 4. Global Used Semi Truck Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Used Semi Truck Market Size & Forecasts by Sales Channel 2022-2032

5.1. Segment Dashboard
5.2. Global Used Semi Truck Market: {Sales Channel} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Franchised Dealer
- 5.2.2. Independent Dealer
- 5.2.3. Peer-to-Peer

Chapter 6. Global Used Semi Truck Market Size & Forecasts by Propulsion Type 2022-2032

6.1. Segment Dashboard
6.2. Global Used Semi Truck Market: {Propulsion Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Internal Combustion Engine (ICE)
- 6.2.2. Electric

Chapter 7. Global Used Semi Truck Market Size & Forecasts by Region 2022-2032

7.1. North America Used Semi Truck Market
- 7.1.1. U.S. Used Semi Truck Market
  - 7.1.1.1. {Sales Channel} Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. {Propulsion Type} Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Used Semi Truck Market
7.2. Europe Used Semi Truck Market
- 7.2.1. UK Used Semi Truck Market
- 7.2.2. Germany Used Semi Truck Market
- 7.2.3. France Used Semi Truck Market
- 7.2.4. Spain Used Semi Truck Market
- 7.2.5. Italy Used Semi Truck Market
- 7.2.6. Rest of Europe Used Semi Truck Market
7.3. Asia-Pacific Used Semi Truck Market
- 7.3.1. China Used Semi Truck Market
- 7.3.2. India Used Semi Truck Market
- 7.3.3. Japan Used Semi Truck Market
- 7.3.4. Australia Used Semi Truck Market
- 7.3.5. South Korea Used Semi Truck Market
- 7.3.6. Rest of Asia-Pacific Used Semi Truck Market
7.4. Latin America Used Semi Truck Market
- 7.4.1. Brazil Used Semi Truck Market
- 7.4.2. Mexico Used Semi Truck Market
- 7.4.3. Rest of Latin America Used Semi Truck Market
7.5. Middle East & Africa Used Semi Truck Market
- 7.5.1. Saudi Arabia Used Semi Truck Market
- 7.5.2. South Africa Used Semi Truck Market
- 7.5.3. Rest of Middle East & Africa Used Semi Truck Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Volvo Trucks
- 8.1.2. PACCAR Inc.
- 8.1.3. Daimler Truck AG
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Volvo Trucks
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Navistar International Corporation
- 8.3.3. Scania AB
- 8.3.4. MAN SE
- 8.3.5. Tata Motors Limited
- 8.3.6. Isuzu Motors Limited
- 8.3.7. Hino Motors Ltd.
- 8.3.8. Mack Trucks, Inc.
- 8.3.9. Kenworth Truck Company
- 8.3.10. Freightliner Trucks
- 8.3.11. Ryder System, Inc.
- 8.3.12. Penske Truck Leasing
- 8.3.13. J.B. Hunt Transport Services, Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes