Used Trucks Market Trends, Analysis & Forecast, 2032

Used
Truck Market will reach USD 98.4 billion by 2032. As per the report, the
growth of e-commerce is among the key factors driving market growth over
2023-2032. According to Hostiger, online shopping is on the rise worldwide,
with 33 percent of people shopping online, up 5 percent from 2022. By 2028,
that number is expected to rise to 63.2 percent, making 4.5 billion people
e-commerce consumers over the next four years.

As the global
e-commerce sector booms, there is a growing demand for efficient and reliable
transportation solutions that facilitate the smooth movement of goods. Used
trucks meet this demand by providing e-commerce companies with cost-effective
and flexible transportation options. In addition, the expansion of e-commerce
platforms has increased the need for last-mile delivery solutions, further
boosting the demand for used trucks.

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The diesel
segment will capture a notable used truck market share by 2032, as diesel
trucks continue to be the backbone of the transportation industry due to their
unmatched power, durability, and fuel efficiency. The wide availability of
diesel infrastructure, combined with continuous improvements in engine
technology, ensures that diesel trucks remain a viable option for companies
looking for durable and reliable transportation solutions in the used truck
market. In addition, the relative affordability of diesel compared to
alternative options will further increase the demand for diesel trucks among
cost-conscious buyers.

The used truck
market size from the light truck segment will grow appreciably through 2032.
Used light trucks are suitable for a variety of applications, from local
deliveries to small-scale construction projects, making them an invaluable
asset for companies in various industries. As organizations strive to optimize
operational efficiency and minimize transport costs, these trucks offer a
compelling solution that combines versatility, reliability, and affordability.
In addition, technological advances are improving the performance and fuel
efficiency of light trucks, increasing their appeal among buyers.

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Europe Used Truck
industry will amass sizeable gains through 2032, driven by a combination
of economic factors and regulatory initiatives. As one of the largest
commercial vehicle markets in the world, Europe has a solid infrastructure and
well-established logistics networks that create a favorable environment for the
market expansion. Additionally, stringent emission regulations and increasing
emphasis on sustainable development are increasing the demand for
fuel-efficient and eco-friendly trucks, fueling market growth in the region.
Led by countries such as Germany, France and the UK, Europe is poised to
maintain its position in the global used truck market in the foreseeable
future.

Partial
chapters of report table of contents (TOC):

Chapter
1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources.

1.4.2.2   Public sources

Chapter
2   Executive Summary

2.1    Used Truck market 360⁰ synopsis,
2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM)

2.3    Regional trends

2.4    Type trends

2.5    Sales Channel trends

2.6    Fuel Type trends

Chapter
3   Used Truck Market Insights

3.1    Impact on COVID-19

3.2    Russia-Ukraine war impact

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Type & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Increasing demand for electric &
hybrid heavy-duty trucks across the globe

3.10.1.2    Growing freight transportation
activities across North America

3.10.1.3    The rising number of small and
medium-sized businesses

3.10.1.4    Rising investments in infrastructure
development activities in Asia Pacific

3.10.1.5    Cost effectiveness and affordability

3.10.2    Industry pitfalls & challenges

3.10.3    Economic downturns and low economic
growth

3.10.4    Regulatory Compliance and Government
Regulations

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

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