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PUBLISHER: TechSci Research | PRODUCT CODE: 1667917
PUBLISHER: TechSci Research | PRODUCT CODE: 1667917
Used Semi Truck Market - Global Industry Size, Share, Trends, Opportunity, And Forecast, Segmented By Vehicle Type, By Propulsion Type, By Sales Channel, By Region & Competition, 2020-2030F
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The Global Used Semi Truck Market was valued at USD 15.3 Billion in 2024 and is expected to reach USD 20.8 Billion by 2030 with a CAGR of 5.14% during the forecast period. The used semi truck market is experiencing significant growth due to increasing demand for freight transportation and the rising need for cost-effective solutions in logistics. As industries such as retail, manufacturing, and agriculture continue to expand, the demand for transportation solutions is intensifying. Used semi trucks provide a more affordable option for companies looking to scale their operations without the high upfront costs associated with new trucks. These vehicles allow businesses to enhance their fleet capacity and meet delivery deadlines without compromising on quality. The growing trend of e-commerce also plays a critical role in boosting the need for efficient and reliable transportation methods, further driving the demand for used semi trucks.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 15.3 Billion |
| Market Size 2030 | USD 20.8 Billion |
| CAGR 2025-2030 | 5.14% |
| Fastest Growing Segment | Electric |
| Largest Market | North America |
Market Drivers
Cost-Effectiveness
Used semi trucks offer a more affordable alternative to purchasing new vehicles, making them an attractive option for small and medium-sized businesses. With lower upfront costs, companies can expand their fleets without significant financial strain. The depreciation value of new trucks makes used models an appealing choice for businesses looking to optimize their budget while still acquiring reliable and durable vehicles. This financial advantage continues to drive the demand for used semi trucks in various industries, especially where budget constraints are a primary concern.
Key Market Challenges
Limited Availability of High-Quality Vehicles
One of the most significant challenges in the used semi truck market is the limited availability of well-maintained, high-quality trucks. Many used trucks have significant mileage or wear and tear, making them less desirable for businesses looking for long-term reliability. Companies often struggle to find trucks that meet their specific needs in terms of performance, age, and condition. This lack of availability can lead to longer purchase cycles and increased costs for businesses as they search for the right vehicle.
Key Market Players
- Gordon Truck Centers Inc.
- Volvo AB Class B
- International Used Trucks
- Truckworld
- Paccar Inc.
- Ryder System Inc.
- Isuzu Motor Ltd.
- General Motors Company
- Ford Motor Company
- Arrow Truck Sales Inc.
Report Scope:
In this report, the Global Used Semi Truck Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Used Semi Truck Market, By Vehicle Type:
- Light-Duty Truck
- Medium-Duty Truck
- Heavy-Duty Truck
Used Semi Truck Market, By Propulsion Type:
- ICE
- Electric
Used Semi Truck Market, By Sales Channel:
- Franchised Dealer
- Independent Dealer
- Customer to Customer
Used Semi Truck Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe & CIS
- Germany
- France
- U.K.
- Spain
- Italy
- Asia-Pacific
- China
- Japan
- India
- Thailand
- Indonesia
- South Korea
- Australia
- Middle East & Africa
- Turkey
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global Used Semi Truck Market.
Available Customizations:
Global Used Semi Truck Market report with the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Product Code: 27451
Table of Contents
1. Introduction
- 1.1. Market Overview
- 1.2. Key Highlights of the Report
- 1.3. Market Coverage
- 1.4. Market Segments Covered
- 1.5. Research Tenure Considered
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Market Overview
- 3.2. Market Forecast
- 3.3. Key Regions
- 3.4. Key Segments
4. Global Used Semi Truck Market Outlook
- 4.1. Market Size & Forecast
- 4.1.1. By Value
- 4.2. Market Share & Forecast
- 4.2.1. By Vehicle Type Market Share Analysis (Light-Duty Truck, Medium-Duty Truck, and Heavy-Duty Truck)
- 4.2.2. By Propulsion Type Market Share Analysis (ICE and Electric)
- 4.2.3. By Sales Channel Market Share Analysis (Franchised Dealer, Independent Dealer and Customer to Customer)
- 4.2.4. By Regional Market Share Analysis
- 4.2.4.1. North America Market Share Analysis
- 4.2.4.2. Europe & CIS Market Share Analysis
- 4.2.4.3. Asia-Pacific Market Share Analysis
- 4.2.4.4. Middle East & Africa Market Share Analysis
- 4.2.4.5. South America Market Share Analysis
- 4.2.5. By Top 5 Companies Market Share Analysis, Others (2024)
- 4.3. Global Used Semi Truck Market Mapping & Opportunity Assessment
- 4.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
- 4.3.2. By Propulsion Type Market Mapping & Opportunity Assessment
- 4.3.3. By Sales Channel Market Mapping & Opportunity Assessment
- 4.3.4. By Regional Market Mapping & Opportunity Assessment
5. North America Used Semi Truck Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type Market Share Analysis
- 5.2.2. By Propulsion Type Market Share Analysis
- 5.2.3. By Sales Channel Market Share Analysis
- 5.2.4. By Country Market Share Analysis
- 5.2.4.1. United States Used Semi Truck Market Outlook
- 5.2.4.1.1. Market Size & Forecast
- 5.2.4.1.1.1. By Value
- 5.2.4.1.2. Market Share & Forecast
- 5.2.4.1.2.1. By Vehicle Type Market Share Analysis
- 5.2.4.1.2.2. By Propulsion Type Market Share Analysis
- 5.2.4.1.2.3. By Sales Channel Market Share Analysis
- 5.2.4.2. Canada Used Semi Truck Market Outlook
- 5.2.4.2.1. Market Size & Forecast
- 5.2.4.2.1.1. By Value
- 5.2.4.2.2. Market Share & Forecast
- 5.2.4.2.2.1. By Vehicle Type Market Share Analysis
- 5.2.4.2.2.2. By Propulsion Type Market Share Analysis
- 5.2.4.2.2.3. By Sales Channel Market Share Analysis
- 5.2.4.3. Mexico Used Semi Truck Market Outlook
- 5.2.4.3.1. Market Size & Forecast
- 5.2.4.3.1.1. By Value
- 5.2.4.3.2. Market Share & Forecast
- 5.2.4.3.2.1. By Vehicle Type Market Share Analysis
- 5.2.4.3.2.2. By Propulsion Type Market Share Analysis
- 5.2.4.3.2.3. By Sales Channel Market Share Analysis
- 5.2.4.1. United States Used Semi Truck Market Outlook
6. Europe & CIS Used Semi Truck Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type Market Share Analysis
- 6.2.2. By Propulsion Type Market Share Analysis
- 6.2.3. By Sales Channel Market Share Analysis
- 6.2.4. By Country Market Share Analysis
- 6.2.4.1. France Used Semi Truck Market Outlook
- 6.2.4.1.1. Market Size & Forecast
- 6.2.4.1.1.1. By Value
- 6.2.4.1.2. Market Share & Forecast
- 6.2.4.1.2.1. By Vehicle Type Market Share Analysis
- 6.2.4.1.2.2. By Propulsion Type Market Share Analysis
- 6.2.4.1.2.3. By Sales Channel Market Share Analysis
- 6.2.4.2. Germany Used Semi Truck Market Outlook
- 6.2.4.2.1. Market Size & Forecast
- 6.2.4.2.1.1. By Value
- 6.2.4.2.2. Market Share & Forecast
- 6.2.4.2.2.1. By Vehicle Type Market Share Analysis
- 6.2.4.2.2.2. By Propulsion Type Market Share Analysis
- 6.2.4.2.2.3. By Sales Channel Market Share Analysis
- 6.2.4.3. Italy Used Semi Truck Market Outlook
- 6.2.4.3.1. Market Size & Forecast
- 6.2.4.3.1.1. By Value
- 6.2.4.3.2. Market Share & Forecast
- 6.2.4.3.2.1. By Vehicle Type Market Share Analysis
- 6.2.4.3.2.2. By Propulsion Type Market Share Analysis
- 6.2.4.3.2.3. By Sales Channel Market Share Analysis
- 6.2.4.4. Spain Used Semi Truck Market Outlook
- 6.2.4.4.1. Market Size & Forecast
- 6.2.4.4.1.1. By Value
- 6.2.4.4.2. Market Share & Forecast
- 6.2.4.4.2.1. By Vehicle Type Market Share Analysis
- 6.2.4.4.2.2. By Propulsion Type Market Share Analysis
- 6.2.4.4.2.3. By Sales Channel Market Share Analysis
- 6.2.4.5. U.K. Used Semi Truck Market Outlook
- 6.2.4.5.1. Market Size & Forecast
- 6.2.4.5.1.1. By Value
- 6.2.4.5.2. Market Share & Forecast
- 6.2.4.5.2.1. By Vehicle Type Market Share Analysis
- 6.2.4.5.2.2. By Propulsion Type Market Share Analysis
- 6.2.4.5.2.3. By Sales Channel Market Share Analysis
- 6.2.4.1. France Used Semi Truck Market Outlook
7. Asia-Pacific Used Semi Truck Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type Market Share Analysis
- 7.2.2. By Propulsion Type Market Share Analysis
- 7.2.3. By Sales Channel Market Share Analysis
- 7.2.4. By Country Market Share Analysis
- 7.2.4.1. China Used Semi Truck Market Outlook
- 7.2.4.1.1. Market Size & Forecast
- 7.2.4.1.1.1. By Value
- 7.2.4.1.2. Market Share & Forecast
- 7.2.4.1.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.1.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.1.2.3. By Sales Channel Market Share Analysis
- 7.2.4.2. Japan Used Semi Truck Market Outlook
- 7.2.4.2.1. Market Size & Forecast
- 7.2.4.2.1.1. By Value
- 7.2.4.2.2. Market Share & Forecast
- 7.2.4.2.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.2.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.2.2.3. By Sales Channel Market Share Analysis
- 7.2.4.3. India Used Semi Truck Market Outlook
- 7.2.4.3.1. Market Size & Forecast
- 7.2.4.3.1.1. By Value
- 7.2.4.3.2. Market Share & Forecast
- 7.2.4.3.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.3.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.3.2.3. By Sales Channel Market Share Analysis
- 7.2.4.4. Indonesia Used Semi Truck Market Outlook
- 7.2.4.4.1. Market Size & Forecast
- 7.2.4.4.1.1. By Value
- 7.2.4.4.2. Market Share & Forecast
- 7.2.4.4.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.4.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.4.2.3. By Sales Channel Market Share Analysis
- 7.2.4.5. Australia Used Semi Truck Market Outlook
- 7.2.4.5.1. Market Size & Forecast
- 7.2.4.5.1.1. By Value
- 7.2.4.5.2. Market Share & Forecast
- 7.2.4.5.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.5.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.5.2.3. By Sales Channel Market Share Analysis
- 7.2.4.6. Thailand Used Semi Truck Market Outlook
- 7.2.4.6.1. Market Size & Forecast
- 7.2.4.6.1.1. By Value
- 7.2.4.6.2. Market Share & Forecast
- 7.2.4.6.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.6.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.6.2.3. By Sales Channel Market Share Analysis
- 7.2.4.7. South Korea Used Semi Truck Market Outlook
- 7.2.4.7.1. Market Size & Forecast
- 7.2.4.7.1.1. By Value
- 7.2.4.7.2. Market Share & Forecast
- 7.2.4.7.2.1. By Vehicle Type Market Share Analysis
- 7.2.4.7.2.2. By Propulsion Type Market Share Analysis
- 7.2.4.7.2.3. By Sales Channel Market Share Analysis
- 7.2.4.1. China Used Semi Truck Market Outlook
8. Middle East & Africa Used Semi Truck Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type Market Share Analysis
- 8.2.2. By Propulsion Type Market Share Analysis
- 8.2.3. By Sales Channel Market Share Analysis
- 8.2.4. By Country Market Share Analysis
- 8.2.4.1. South Africa Used Semi Truck Market Outlook
- 8.2.4.1.1. Market Size & Forecast
- 9.2.4.1.1.1. By Value
- 8.2.4.1.2. Market Share & Forecast
- 8.2.4.1.2.1. By Vehicle Type Market Share Analysis
- 8.2.4.1.2.2. By Propulsion Type Market Share Analysis
- 8.2.4.1.2.3. By Sales Channel Market Share Analysis
- 8.2.4.2. Saudi Arabia Used Semi Truck Market Outlook
- 8.2.4.2.1. Market Size & Forecast
- 8.2.4.2.1.1. By Value
- 8.2.4.2.2. Market Share & Forecast
- 8.2.4.2.2.1. By Vehicle Type Market Share Analysis
- 8.2.4.2.2.2. By Propulsion Type Market Share Analysis
- 8.2.4.2.2.3. By Sales Channel Market Share Analysis
- 8.2.4.3. UAE Used Semi Truck Market Outlook
- 8.2.4.3.1. Market Size & Forecast
- 8.2.4.3.1.1. By Value
- 8.2.4.3.2. Market Share & Forecast
- 8.2.4.3.2.1. By Vehicle Type Market Share Analysis
- 8.2.4.3.2.2. By Propulsion Type Market Share Analysis
- 8.2.4.3.2.3. By Sales Channel Market Share Analysis
- 8.2.4.1. South Africa Used Semi Truck Market Outlook
9. South America Used Semi Truck Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type Market Share Analysis
- 9.2.2. By Propulsion Type Market Share Analysis
- 9.2.3. By Sales Channel Market Share Analysis
- 9.2.4. By Country Market Share Analysis
- 9.2.4.1. Brazil Used Semi Truck Market Outlook
- 9.2.4.1.1. Market Size & Forecast
- 9.2.4.1.1.1. By Value
- 9.2.4.1.2. Market Share & Forecast
- 9.2.4.1.2.1. By Vehicle Type Market Share Analysis
- 9.2.4.1.2.2. By Propulsion Type Market Share Analysis
- 9.2.4.1.2.3. By Sales Channel Market Share Analysis
- 9.2.4.2. Argentina Used Semi Truck Market Outlook
- 9.2.4.2.1. Market Size & Forecast
- 9.2.4.2.1.1. By Value
- 9.2.4.2.2. Market Share & Forecast
- 9.2.4.2.2.1. By Vehicle Type Market Share Analysis
- 9.2.4.2.2.2. By Propulsion Type Market Share Analysis
- 9.2.4.2.2.3. By Sales Channel Market Share Analysis
- 9.2.4.1. Brazil Used Semi Truck Market Outlook
10. Market Dynamics
- 10.1. Drivers
- 10.2. Challenges
11. Market Trends & Developments
12. Competitive Landscape
- 12.1. Company Profiles
- 12.1.1. Gordon Truck Centers Inc.
- 12.1.1.1. Company Details
- 12.1.1.2. Products
- 12.1.1.3. Financials (As Per Availability)
- 12.1.1.4. Key Market Focus & Geographical Presence
- 12.1.1.5. Recent Developments
- 12.1.1.6. Key Management Personnel
- 12.1.2. Volvo AB Class B
- 12.1.2.1. Company Details
- 12.1.2.2. Products
- 12.1.2.3. Financials (As Per Availability)
- 12.1.2.4. Key Market Focus & Geographical Presence
- 12.1.2.5. Recent Developments
- 12.1.2.6. Key Management Personnel
- 12.1.3. International Used Trucks
- 12.1.3.1. Company Details
- 12.1.3.2. Products
- 12.1.3.3. Financials (As Per Availability)
- 12.1.3.4. Key Market Focus & Geographical Presence
- 12.1.3.5. Recent Developments
- 12.1.3.6. Key Management Personnel
- 12.1.4. Truckworld
- 12.1.4.1. Company Details
- 12.1.4.2. Products
- 12.1.4.3. Financials (As Per Availability)
- 12.1.4.4. Key Market Focus & Geographical Presence
- 12.1.4.5. Recent Developments
- 12.1.4.6. Key Management Personnel
- 12.1.5. Paccar Inc.
- 12.1.5.1. Company Details
- 12.1.5.2. Products
- 12.1.5.3. Financials (As Per Availability)
- 12.1.5.4. Key Market Focus & Geographical Presence
- 12.1.5.5. Recent Developments
- 12.1.5.6. Key Management Personnel
- 12.1.6. Ryder System Inc.
- 12.1.6.1. Company Details
- 12.1.6.2. Products
- 12.1.6.3. Financials (As Per Availability)
- 12.1.6.4. Key Market Focus & Geographical Presence
- 12.1.6.5. Recent Developments
- 12.1.6.6. Key Management Personnel
- 12.1.7. Isuzu Motor Ltd.
- 12.1.7.1. Company Details
- 12.1.7.2. Products
- 12.1.7.3. Financials (As Per Availability)
- 12.1.7.4. Key Market Focus & Geographical Presence
- 12.1.7.5. Recent Developments
- 12.1.7.6. Key Management Personnel
- 12.1.8. General Motors Company
- 12.1.8.1. Company Details
- 12.1.8.2. Products
- 12.1.8.3. Financials (As Per Availability)
- 12.1.8.4. Key Market Focus & Geographical Presence
- 12.1.8.5. Recent Developments
- 12.1.8.6. Key Management Personnel
- 12.1.9. Ford Motor Company
- 12.1.9.1. Company Details
- 12.1.9.2. Products
- 12.1.9.3. Financials (As Per Availability)
- 12.1.9.4. Key Market Focus & Geographical Presence
- 12.1.9.5. Recent Developments
- 12.1.9.6. Key Management Personnel
- 12.1.10. Arrow Truck Sales Inc.
- 12.1.10.1. Company Details
- 12.1.10.2. Products
- 12.1.10.3. Financials (As Per Availability)
- 12.1.10.4. Key Market Focus & Geographical Presence
- 12.1.10.5. Recent Developments
- 12.1.10.6. Key Management Personnel
- 12.1.1. Gordon Truck Centers Inc.
13. Strategic Recommendations/Action Plan
- 13.1. Key Focus Areas
- 13.1.1. Target Vehicle Type
- 13.1.2. Target Propulsion Type
14. About Us & Disclaimer
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