Used Truck Market - United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.9% (2024-2032)

The United States used truck market size is a dynamic sector experiencing steady growth, driven by increasing demand for commercial vehicles and the rising popularity of pre-owned trucks. This growth is fueled by factors such as economic expansion, infrastructure development, and the growing e-commerce sector. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 2.9% from 2024 to 2032.

United States Used Truck Industry Trends and Drivers:

The United States used truck market is witnessing significant growth, driven by various trends, economic factors, and shifts in consumer demand. Below is a bullet-point summary of the key drivers and trends shaping the market.

Key Market Trends

• Growing Preference for Used Trucks:

• • The high costs of new vehicles and supply chain disruptions are making used trucks a more attractive option for businesses and individual buyers.

• Rise of E-Commerce:

• • The increasing demand for logistics and last-mile delivery services, driven by the growth of e-commerce, is fueling the demand for used trucks.

• Adoption of Digital Platforms:

• • The increasing use of digital platforms for buying and selling used trucks is streamlining transactions, providing buyers with greater transparency and access to a broader inventory.

• Environmental Concerns and Emissions Regulations:

• • Stricter emissions regulations and a focus on sustainability are pushing buyers toward newer, low-emission used trucks.

Key Market Drivers

• Rising Costs of New Trucks:

• • The increasing cost of new trucks is driving businesses and individual buyers to consider more affordable used options.

• Supply Chain Disruptions:

• • Production delays and supply chain disruptions in the new vehicle market have led to higher demand for used trucks.

• Surge in E-Commerce and Logistics Demand:

• • The expansion of e-commerce is increasing the need for delivery and logistics services, particularly among SMEs seeking cost-effective transportation solutions.

• Environmental Regulations:

• • Companies are looking for fuel-efficient and lower-emission vehicles in the used market to meet stricter environmental standards.

• Fleet Renewal Trends:

• • Commercial trucking companies are upgrading their fleets with newer models featuring advanced technology and safety features, leading to an influx of older trucks in the used market.

• Advancements in Online Marketplaces:

• • The rise of online platforms and digital marketplaces has made it easier to buy and sell used trucks, enhancing market accessibility and transparency.

The United States used truck market is set for continued growth, driven by economic factors, the rise of e-commerce, and evolving environmental regulations. As companies and consumers continue to seek cost-effective and sustainable transportation solutions, the demand for used trucks is likely to remain strong.

Download sample copy of the Report: https://www.imarcgroup.com/united-states-used-truck-market/requestsample

United States Used Truck Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

• Light Trucks
• Medium-duty Trucks
• Heavy-duty Trucks

Sales Channel Insights:

• Franchise Dealer
• Independent Dealer
• Peer-to-Peer

End User Insights:

• Construction
• Oil and Gas
• Others

Regional Insights:

• Northwest
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Request for customization: https://www.imarcgroup.com/request?type=report&id=10207&flag=F

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.  IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145