Report Code: A10181 | Pages: NA | ||
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Used truck or second-hand lorry is a motor vehicle designed to transport cargo. Trucks are great in size, power, and configuration. The decision to buy a used truck is sometimes referred to as a smart buy decision, due to the advantages and value for money it offers. Advent of trucks with high power and advanced features has increased its demand for material handling. The number of trucks is also increasing, which increases the number of miles traveled by the trucks. Trucks are majorly used in the manufacturing and construction sectors, which boost the used truck market growth over the forecast period. Â Â
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast unit |  Value (USD) |
 Segments covered |  Vehicle Type |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
 Companies covered | Scania, Mercedes-Benz, Renault SA, Mascus, Volvo trucks, MAN SE, and Daimler AG |
COVID-19 scenario analysis:Â Â Â
The significant factors that impact the growth of the used truck market are rise in construction industries and increase in e-commerce activities. However, discounts offered by truck manufacturers and less downtime of new trucks hamper the growth of the used truck market. Furthermore, infrastructural development and growth of construction industries are expected to fuel the used truck market growth.
The growth in construction and e-commerce activities has increased the demand for material transportation, which has resulted in the increased sales of used trucks across the world. Therefore this leads to thegrowth of the used trucks market.
Significant development in the e-commerce industry has resulted in improvement in consumer experience. Changes in supply chain and distribution models have increased the speed of transportation. Trucks play an important role in e-commerce platform for transportation. Therefore, this leads to the growth of the used trucks market in near future.Â
Key segments covered:
Segments | Sub-segments |
 Vehicle Type |
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Key benefits of the report:
Questions answered in the used truck market research report:
Used Truck Market Report Highlights
Aspects | Details |
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By Vehicle Type |
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By Region |
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Key Market Players | Mercedes-Benz, Freightliner Used Trucks, Renault SA, Volvo trucks, MAN SE, Peterbilt, Kenworth, Scania, International Used Trucks, Mascus, Daimler AG |
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