Used Truck Market Growth, Demand and Challenges of the Key Industry Players 2032 - PowerPoint PPT Presentation

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Used Truck Market Growth, Demand and Challenges of the Key Industry Players 2032

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According to the latest research report by IMARC Group, The global used truck market size reached US$ 44.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.29% during 2024-2032. More Info:- – PowerPoint PPT presentation

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Title: Used Truck Market Growth, Demand and Challenges of the Key Industry Players 2032


1
Global Used Truck Market Research and Forecast
Report 2024-2032
  • Format PDFEXCEL

2023 IMARC All Rights Reserved
2
About IMARC Group
  • International Market Analysis Research and
    Consulting Group is a leading adviser on
    management strategy and market research
    worldwide. We partner with clients in all regions
    and industry verticals to identify their
    highest-value opportunities, address their most
    critical challenges, and transform their
    businesses.
  • IMARCs information products include major
    market, scientific, economic and technological
    developments for business leaders in
    pharmaceutical, industrial, and high technology
    organizations. Market forecasts and industry
    analysis for biotechnology, advanced materials,
    chemicals, food and beverage, travel and tourism,
    nanotechnology and novel processing methods are
    at the top of the companys expertise.
  • IMARCs tailored approach combines unfathomable
    insight into the dynamics of companies and
    markets with close cooperation at all levels of
    the client organization. This ensures that our
    clients achieve unmatchable competitive
    advantage, build more proficient organizations,
    and secure lasting results.

3
Report Highlight and Description
  • According to the latest report by IMARC Group,
    titled "Used Truck Market Global Industry
    Trends, Share, Size, Growth, Opportunity and
    Forecast 2024-2032," the global used truck market
    size reached US 44.8 Billion in 2023.
  • Factors Affecting the Growth of the Used Truck
    Industry
  • Economic Factors and Affordability
  • Economic factors play a significant role in
    driving the growth of the used truck industry.
    During periods of economic uncertainty or
    downturns, businesses and individuals are more
    inclined to purchase used trucks instead of new
    ones to reduce costs.
  • Used trucks offer a cost-effective alternative,
    providing reliable transportation without the
    high initial investment associated with new
    vehicles. Additionally, the depreciation rate of
    new trucks is relatively high, making used trucks
    an attractive option for budget-conscious buyers.
    This affordability factor continues to support
    the robust growth of the used truck market.

4
Report Highlight and Description
  • Supply Chain Constraints and Fleet Management
  • Supply chain constraints and challenges in the
    availability of new trucks significantly impact
    the growth of the used truck industry. Production
    delays and shortages of new trucks, often due to
    disruptions in the global supply chain, push
    buyers towards the used truck market to meet
    their immediate needs.
  • Fleet management strategies influence this trend,
    as companies looking to expand or upgrade their
    fleets may opt for used trucks to ensure
    operational continuity without waiting for new
    vehicles. This shift toward used trucks helps
    companies maintain their fleet efficiency and
    meet market demands promptly.
  • Technological Advancements
  • Technological advancements and improvements in
    vehicle manufacturing have enhanced the longevity
    and reliability of trucks, boosting the used
    truck industry. Modern trucks are built with
    durable components and advanced technologies,
    making them viable options even after several
    years of use.

5
Report Highlight and Description
  • Enhanced maintenance practices and the
    availability of certified pre-owned programs
    provide buyers with confidence in the quality and
    performance of used trucks. These technological
    improvements ensure that used trucks remain a
    practical and attractive choice for buyers
    seeking dependable transportation solutions,
    thereby driving the industrys growth.
  • Request for a PDF sample of this report
    https//www.imarcgroup.com/used-truck-market/reque
    stsample

6
Report Description
  • Global Used Truck Market Trends
  • The global used truck market is experiencing
    notable growth driven by several key trends.
    Economic uncertainty and high depreciation rates
    of new trucks are pushing buyers toward more
    affordable used options. Supply chain
    disruptions, especially those impacting new truck
    production, have further increased the demand for
    used trucks as businesses seek immediate
    solutions to fleet expansion and replacement
    needs.
  • Additionally, technological advancements have
    significantly enhanced the durability and
    longevity of trucks, making used vehicles a
    reliable choice. The rise of e-commerce and
    logistics industries has fueled the demand for
    used trucks to support delivery and
    transportation services, further propelling the
    market.
  • View Report TOC, Figures and Tables
    https//www.imarcgroup.com/used-truck-market

7
Report Segmentation
  • Breakup by Vehicle Type
  • Light Trucks
  • Medium-Duty Trucks
  • Heavy-Duty Trucks
  • Breakup by Sales Channel
  • Franchised Dealer
  • Independent Dealer
  • Peer-to-Peer
  • Breakup by End User
  • Construction
  • Oil and Gas

8
Report Segmentation
  • Others
  • Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

9
Competitive Landscape with Key Players
  • AB Volvo
  • International Used Truck Centers
  • Mascus (Ritchie Bros. Auctioneers)
  • PACCAR Inc.
  • Renault Group
  • TrueCar Inc.
  • Volkswagen AG

10
Key Questions Answered in the Report
11
Key Questions Answered in the Report
12
Table of Contents
  • 1    Preface2 Scope and Methodology
  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data End Users
  • 2.3.1 Primary End Users
  • 2.3.2 Secondary End Users
  • 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology
  • 3 Executive Summary
  • 4 Global Used Truck Market - Introduction
  • 4.1 Overview
  • 4.2 Market Dynamics
  • 4.3 Industry Trends
  • 4.4 Competitive Intelligence
  • 5 Global Used Truck Market Landscape
  • 5.1 Historical and Current Market Trends
    (2018-2023)
  • 5.2 Market Forecast (2024-2032)

13
Table of Contents
  • 6.3 Heavy-Duty Trucks
  • 6.3.1 Overview
  • 6.3.2 Historical and Current Market Trends
    (2018-2023)
  • 6.3.3 Market Segmentation
  • 6.3.4 Market Forecast (2024-2032)
  • 6.4 Attractive Investment Proposition by Vehicle
    Type
  • 7 Global Used Truck Market - Breakup by Sales
    Channel
  • 7.1 Franchised Dealer
  • 7.1.1 Overview
  • 7.1.2 Historical and Current Market Trends
    (2018-2023)
  • 7.1.3 Market Segmentation
  • 7.1.4 Market Forecast (2024-2032)
  • 7.2 Independent Dealer
  • 7.2.1 Overview
  • 7.2.2 Historical and Current Market Trends
    (2018-2023)
  • 7.2.3 Market Segmentation
  • 7.2.4 Market Forecast (2024-2032)
  • 7.3 Peer-to-Peer
  • 7.3.1 Overview

14
Partial List of Clients
15
Partial List of Clients
16
Disclaimer
  • 2024 IMARC All Rights Reserved
  • This Publication and all its contents unless
    otherwise mentioned are copyrighted in the name
    of International Market Analysis Research and
    Consulting (IMARC). No part of this publication
    may be reproduced, repackaged, redistributed or
    resold in whole or in any part. The publication
    may also not be used in any form or by and means
    graphic electronic or mechanical, including
    photocopying, recording, taping or by information
    storage or retrieval, or by any other form,
    without the express consent of International
    Market Analysis Research and Consulting (IMARC).
  • Disclaimer All contents and data of this
    publication, including forecasts, data analysis
    and opinion have been based on information and
    sources believed to be accurate and reliable at
    the time of publishing. International Market
    Analysis Research and Consulting makes no
    representation of warranty of any kind as to the
    accuracy or completeness of any Information
    provided. IMARC accepts no liability whatsoever
    for any loss or damage resulting from opinion,
    errors or inaccuracies if any found this
    publication.
  • IMARC, IMARC Group and Global Therapy Insight
    Series are registered trademarks of International
    Market Analysis Research and Consulting. All
    other trademarks used in this publication are
    registered trademarks of their respective
    companies.

17
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