According to Fortune Business Insights, the global used truck market was valued at USD 58.16 billion in 2025 and is projected to reach USD 92.52 billion by 2034, exhibiting a CAGR of 5.25% during the forecast period. The growing demand for efficient freight transportation, expansion of e-commerce logistics, and rising demand for commercial vehicles are expected to support market growth in the coming years.
The global used truck market has experienced steady growth in recent years due to rising logistics demand, increasing construction activities, and the cost advantages associated with pre-owned commercial vehicles. Used trucks are widely preferred by small and medium-sized businesses as they provide affordable transportation solutions without the high capital investment required for new vehicles.
Used trucks refer to pre-owned commercial vehicles that are resold through dealerships, auctions, fleet replacement programs, or online marketplaces. These vehicles are widely utilized across industries such as construction, logistics, agriculture, and mining.
Companies and fleet operators often replace trucks after several years of operation, creating a large supply of used vehicles. Buyers prefer used trucks due to their lower upfront cost and immediate availability compared to new vehicles.
In addition, many modern trucks are built with durable components and advanced engineering, enabling them to remain operational for long periods. As a result, used trucks continue to offer strong performance and reliability even after extended use.
The market is also benefiting from the increasing adoption of digital platforms for buying and selling used trucks. Online marketplaces and digital vehicle auctions allow businesses to compare prices, inspect vehicle history, and access a wider range of options.
Information Source: https://www.fortunebusinessinsights.com/jp/%E4%B8%AD%E5%8F%A4%E3%83%88%E3%83%A9%E3%83%83%E3%82%AF%E5%B8%82%E5%A0%B4-112203
Market Drivers
Increasing Demand from Small and Medium Enterprises
Small and medium-sized enterprises (SMEs) represent one of the largest customer groups for used trucks. These businesses often operate on limited budgets and prefer used vehicles to reduce capital expenditure.
Used trucks provide a cost-effective solution for freight transportation, enabling SMEs to expand their logistics operations without investing heavily in new commercial vehicles.
Expansion of E-commerce and Logistics Industry
The rapid growth of e-commerce has significantly increased demand for transportation and delivery services. Logistics companies require large fleets of trucks to manage distribution networks, which is boosting the demand for used commercial vehicles.
Used trucks are frequently used for last-mile delivery, regional transportation, and warehouse logistics due to their affordability and availability.
Growth in Construction and Infrastructure Activities
Construction and infrastructure projects require heavy-duty trucks such as dump trucks, concrete mixers, and cargo vehicles. Many contractors choose used trucks to reduce equipment costs, particularly in developing economies.
The rising number of infrastructure development projects across emerging markets is expected to drive the adoption of used trucks in the coming years.
Market Restraints
Maintenance and Reliability Concerns
One of the major challenges in the used truck market is the uncertainty regarding vehicle condition and maintenance history. Buyers may face higher repair costs if the truck has been poorly maintained by the previous owner.
Although certified used vehicle programs and inspections help address these concerns, reliability issues still remain a key challenge for the market.
Availability of Attractive Financing for New Trucks
In several countries, financial institutions and manufacturers offer attractive financing options for new trucks. These schemes can reduce the price difference between new and used vehicles, which may limit demand for pre-owned trucks.
Market Segmentation
By Propulsion
Based on propulsion, the market is segmented into:
- Internal Combustion Engine (ICE)
- Electric
- Hybrid
The ICE segment dominates the market, as most used trucks available globally operate on diesel or gasoline engines. These vehicles are widely used due to their established infrastructure and high durability.
By Vehicle Type
The market can also be segmented by vehicle type:
- Light-duty trucks
- Medium-duty trucks
- Heavy-duty trucks
Medium- and heavy-duty trucks hold a significant share in the market as they are commonly used in logistics, construction, and industrial operations.
By Sales Channel
Used trucks are sold through several channels including:
- Authorized dealerships
- Independent dealers
- Auctions
- Online platforms
Online marketplaces and digital auctions are gaining popularity as they provide buyers with transparency, vehicle inspection reports, and competitive pricing.
Regional Insights
North America
North America holds the largest share of the global used truck market. The region has a well-established trucking industry and a strong network of dealerships and vehicle auctions.
The presence of large logistics companies and high demand for freight transportation are key factors driving market growth in the region. The North American market alone accounted for USD 21.41 billion in 2025.
Europe
Europe is another significant market for used trucks, supported by strong cross-border transportation and logistics networks. The region also benefits from a well-developed commercial vehicle resale ecosystem.
Asia Pacific
Asia Pacific is expected to witness significant growth due to rapid industrialization, infrastructure development, and expanding logistics operations in countries such as China and India.
Growing demand for affordable commercial vehicles in emerging economies is further driving the adoption of used trucks in the region.
Competitive Landscape
The global used truck market is moderately fragmented, with several international manufacturers and commercial vehicle dealers participating in the resale market. Many companies focus on certified pre-owned programs, fleet replacement services, and digital vehicle marketplaces.
Key players operating in the global used truck market include:
- Volvo Trucks
- Daimler Truck AG
- PACCAR Inc.
- Navistar International Corporation
- Rush Enterprises, Inc.
- Penske Automotive Group
- Scania AB
- MAN Truck & Bus
- Renault Trucks
- Iveco S.p.A.
These companies are actively expanding dealership networks, improving vehicle inspection standards, and launching digital sales platforms to strengthen their market presence.
Conclusion
The global used truck market is expected to grow steadily over the coming years, driven by the rising demand for cost-effective transportation solutions, expansion of logistics networks, and increasing infrastructure development activities. With the continued growth of e-commerce and freight transportation, the demand for affordable commercial vehicles is likely to increase.
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