Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Size (2025) | USD 52.73 Billion |
| Market Size (2030) | USD 68.04 Billion |
| Growth Rate (2025 - 2030) | 5.23% CAGR |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Used Truck Market Analysis by Mordor Intelligence
The used trucks market stands at USD 52.73 billion in 2025 and is forecast to reach USD 68.04 billion by 2030, advancing at a 5.23% CAGR despite uneven economic signals and tightening emissions rules. Fleet managers concentrate on total cost of ownership, prompting robust demand for quality pre-owned Class 8 units. Heavy-duty models retain pricing power, yet light trucks are gaining traction as e-commerce accelerates last-mile activity. Diesel assets dominate the powertrain mix, but first-generation battery-electric trucks are beginning to influence residual-value expectations as charging networks widen. Digital auction platforms are broadening cross-border trade, lowering information frictions for small operators.
Key Report Takeaways
- By vehicle type, heavy-duty trucks led the used truck market with a 43.05% share in 2024, while light trucks are projected to expand at a 7.69% CAGR to 2030.
- By fuel type, diesel held a commanding 92.25% used truck market share in 2024, while hybrid and battery-electric segment is expected to post a 22.55% CAGR through 2030.
- By age bracket, 4-7-year-old vehicles accounted for 37.93% of the used trucks market size in 2024, whereas trucks up to 3 years of age are set to post a 9.23% CAGR to 2030.
- By vehicle class, class 8 maintained 38.95% of the used trucks market share in 2024, whereas Class 4 is set for 7.18% CAGR between 2025-2030.
- By end-use industry, logistics and e-commerce led the used truck market with a 34.85% share in 2024, while construction and infrastructure is projected to register a CAGR of 9.02% through 2030.
- By sales channel, independent dealers captured 53.30% of 2024 revenues, while online peer-to-peer and auction platforms are advancing at a 12.30% CAGR to 2030.
- By geography, Asia-Pacific retains the world’s largest regional fleet base capturing 47.35% market share, whereas Middle East and Africa is expected to lead the regional growth prospect posting a 7.41% CAGR to 2030.
Global Used Truck Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Infrastructure-Led Construction Booms | +1.2% | India, ASEAN, Middle East | Medium Term (2-4 Years) |
| E-Commerce Last-Mile Expansion | +1.0% | North America, Europe | Short Term (≤ 2 Years) |
| OEM Certified Pre-Owned Programs | +0.8% | Europe, North America | Medium Term (2-4 Years) |
| Digital Wholesale Auctions | +0.7% | Middle East, Global | Short Term (≤ 2 Years) |
| Fleet Electrification Targets | +0.6% | Asia, with spillover to Africa | Medium term (2-4 years) |
| Tax Incentives on Used Commercial Vehicles | +0.5% | South America | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Infrastructure-Led Construction Booms in India and ASEAN Stimulating Heavy Used-Truck Turnover
Construction megaprojects across India and Southeast Asia are accelerating fleet replacement cycles, prompting contractors to source 4-7-year-old heavy-duty units that balance reliability with manageable capital outlay. Open-deck capacity tightened in May 2025 as projects commenced, forcing shippers to secure equipment earlier in tender cycles. Even with a significant dip in 2024 light-vehicle sales, commercial demand remained firm because infrastructure spending shielded haulage volumes. Buyers increasingly request verified maintenance histories, and units with documented telematics data command premiums, reinforcing the importance of transparent vehicle provenance for the used trucks market.
E-commerce Last-Mile Expansion in North America Triggering Demand for Used Light-Duty Trucks
Rapid parcel-volume growth is pushing retailers and third-party logistics providers toward late-model Class 3-5 vehicles that fit tight urban corridors yet carry sizable payloads. The used trucks market benefits as operators sidestep higher new-vehicle prices while still meeting service-level agreements. Urban warehouse development along interstate rings supports shorter delivery radii. Environmental studies show that electric delivery vans lower carbon intensity, implying that lightly used electric models will secure strong residual values once they begin cycling out of primary fleets.
OEM Certified Pre-Owned Programs in Europe Enhancing Trust and Residual Values
Manufacturer-backed schemes such as SelecTrucks and Volvo Used Trucks impose rigorous inspections, warranty extensions, and digital service histories, lifting buyer confidence and pricing. PACCAR reported more than 12,500 certified units sold in 2023-2024, highlighting the scale OEMs bring to the remarketing channel[1]“2023 Annual Report,” PACCAR, paccar.com. Elevated residuals for sub-3-year tractors feed a virtuous cycle in which higher trade-in values improve the economics of new-truck leases, ultimately expanding late-model supply for the used trucks market.
Digital Wholesale Auctions Broadening Buyer Pool, Especially in Middle East
Cloud-based bidding tools now offer high-resolution imagery, diagnostic scans, and escrow services, enabling small fleets in the Gulf to purchase assets sight unseen from Europe or North America. Auction sales volumes grew significantly in March 2025, well ahead of retail and traditional wholesale channels. Declining frictional costs narrow spreads between buyer and seller price expectations, but they also compress intermediary margins, catalyzing consolidation among legacy brokers.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Tightening Euro-VII/Phase-3 NOx Rules | -0.9% | Europe | Medium term (2-4 years) |
| Low-Cost New Chinese Trucks | -0.7% | Africa, with spillover to Middle East | Medium term (2-4 years) |
| Limited Financing Options | -0.5% | Asia | Long term (≥ 4 years) |
| Chip Shortages | -0.4% | Global | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Tightening Euro-VII/Phase-3 NOx Rules Discouraging Older Diesel Imports in EU
Stricter tail-pipe limits split the European secondary market between compliant Euro VI tractors and legacy stock facing costly retrofits. The International Council on Clean Transportation confirms that access restrictions in growing low-emission zones penalize vehicles older than seven years[2]“Race to Zero: European Heavy Duty Vehicle Market Development Quarterly,” International Council on Clean Transportation, theicct.org. Exporters reroute pre-Euro VI units toward Central Asia and North Africa, temporarily inflating supply in those destinations while intensifying competition for low-mileage Euro VI assets within the EU.
Low-Cost New Chinese Trucks Compressing Used Price Premiums in Africa
Chinese OEMs price new heavy-duty models approximately 30-40% below Western equivalents, capping achievable sale prices for 4-7-year-old imports. Expanded spare-parts coverage in African urban hubs erodes the historical serviceability advantage held by European brands, squeezing profit margins for traditional exporters. Traders with flexible logistics networks now arbitrage value by diverting stock toward Latin America or Southeast Asia, where Chinese penetration remains lower, but these reroutes lengthen lead times and increase freight costs, dampening some of the used trucks market’s upside potential in those corridors.
Segment Analysis
By Vehicle Type: Heavy-Duty Trucks Remain Dominant While Light Trucks Accelerate
Heavy-duty units commanded 43.05% of 2024 revenues as their pivotal role in long-haul freight and infrastructure haulage shielded demand during cyclical slowdowns. Light trucks, propelled by parcel logistics, are forecast to register a 7.69% CAGR to 2030, the quickest clip in the used trucks market. Their maneuverability suits congested inner-city routes, and fleet buyers value the lower acquisition cost relative to new vans.
Medium-duty trucks (Class 6-7) occupy a strategic middle ground, experiencing mixed market results. The segment witnessed a surge in inventory, while asking prices softened, signaling nuanced sub-segment conditions. Ongoing autonomous trials, such as an articulated dump truck showcased at CES 2025, foreshadow specialized heavy-duty applications that could redefine residual-value curves once these vehicles cycle into the used trucks industry.
Note: Segment shares of all individual segments available upon report purchase
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By Fuel Type: Diesel Dominates but Electrification Momentum Builds
Diesel assets held 92.25% of the 2024 pool, underlining the entrenched infrastructure, familiar maintenance regimes, and fuel-efficiency track record that fleet managers trust. The segment's staying power stems from diesel's proven reliability, fuel efficiency, and widespread service network, making it the default choice for secondary market buyers prioritizing operational certainty.
Hybrid and battery-electric entries, while small in absolute numbers, are projected to expand at a 22.55% CAGR through 2030. A USD 2-3 billion joint venture among Accelera by Cummins, Daimler Truck, and PACCAR will create a 21 GWh battery-cell plant, bolstering future used-EV supply. The Electrification Coalition calculates two-thirds lower running costs for electric trucks versus diesel, suggesting robust secondary-market appeal once adequate charging coverage emerges. Natural-gas and LPG variants remain niche, concentrated in regions with price-advantaged fuel supplies and municipal incentives.
By Age Bracket: 4–7 Years Remain the Sweet Spot
Vehicles aged 4–7 years attracted 37.93% of 2024 transactions, illustrating the optimum balance between the depreciation curve and remaining service life. This segment's dominance reflects fleet operators' strategic preference for trucks that have weathered the steepest depreciation curve yet retain sufficient service life for productive deployment. Sale prices for 4- to 6-year-old units were approximately 29.3% higher in March 2025 than a year earlier as fleets competed for dependable assets without advanced emissions hardware complexity.
Trucks younger than three years are poised for a 9.23% CAGR, underpinned by expanding OEM-certified pipelines. Older cohorts face divergent fates. The 8 to 12-year units cater to value-driven owner-operators in emerging markets, while above 12-year equipment confronts stricter emissions zones that can shorten usable life cycles. Asset-valuation frameworks from the Transportation Research Board stress the need for lifecycle-cost modeling when appraising these age brackets, a practice gaining uptake among leasing firms.
By Vehicle Class: Class 8 Leads, Class 4 Moves Fastest
Class 8 captured 38.95% of 2024 revenues, a testament to its indispensable role in interstate dry-van and reefer lanes. The segment's strength is evident in the pricing resilience of late-model sleeper tractors, which in March 2025 commanded average prices of approximately USD 80,000 for 2023 models, highlighting steep early-life depreciation that benefits secondary buyers.
Class 4 units, straddling pickup and medium-duty capabilities, are forecast for 7.18% CAGR acceleration as urban delivery platforms adopt right-sized fleets. Regulatory nuances, detailed in the Federal Highway Administration’s compendium of state weight laws, frame route permissions and thus influence localized demand patterns. Vocational Class 8 demand remains healthy where infrastructure spending persists, whereas tractor demand ebbs amid cyclical freight softness.
By End-use Industry: Logistics and E-commerce Dominate
Logistics and parcel delivery services absorbed 34.85% of 2024 unit volumes, reflecting ongoing direct-to-consumer fulfillment requirements. Independent contractors often purchase lightly used cargo-van conversions to meet gig-economy demand, a shift that regulators track when setting safety thresholds.
Infrastructure and construction fleets are projected to log a 9.02% CAGR as public works funding stimulates dump-truck and concrete-mixer turnover. Mining, agriculture, and utility segments each apply mission-specific duty cycles that filter into distinct valuation curves at resale. Growth in Southeast Asian freight tonne-kilometres, expected to rise nearly 80% between 2015 and 2030, further expands the used trucks market’s reach across multiple verticals.
Note: Segment shares of all individual segments available upon report purchase
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By Sales Channel: Independent Dealers Hold Ground, Digital Marketplaces Surge
Independent dealerships captured 53.30% of 2024 turnover, leveraging local customer intimacy and multi-brand sourcing flexibility. Nonetheless, online auctions and peer-to-peer exchanges are outpacing the broader used trucks industry with a 12.30% CAGR, buoyed by transparent pricing and lower transaction frictions. Franchise dealers benefit from OEM trade-in flows, while certified programs funnel warranty-backed stock that commands premium spreads.
Auction consignment volumes hit a four-year high in 2024, with an over 50% conversion rate, underscoring the sector’s liquidity. Meanwhile, the ongoing debate over direct-to-customer manufacturer sales suggests potential regulatory adjustments that could reshape channel economics.
Geography Analysis
Asia retains the world’s largest regional fleet base and accounts for 47.35% of the global market share, as infrastructure projects and e-commerce penetration continue to expand trucking demand. China’s accelerated diesel-fleet liquidation, prompted by stringent electrification targets, releases high-quality Euro V tractors into neighboring developing markets. India’s rapidly scaling digital retail sector, expected to triple in gross merchandise value by FY30, relies heavily on medium and heavy-duty haulage, reinforcing sustained equipment turnover.
North America mirrors global growth at a projected 5.2% CAGR to 2030 as sophisticated remarketing networks and data-driven valuation tools sustain liquidity. Forthcoming Corporate Average Fuel Economy standards for heavy-duty pickups and vans could nudge fleets toward newer, more efficient units, feeding additional late-model supply into the used trucks market.
The Middle East and Africa are the fastest-growing regions, posting a CAGR of 7.41% through 2030, capitalizing on digital-auction liquidity to source affordable assets, while Europe concentrates on tightening emissions compliance that skews demand toward newer Euro VI vehicles. South America is also growing significantly as economic stabilization and fiscal incentives spur fleet modernization. Brazil’s GDP recovery supports renewed truck purchases, and tax breaks for used equipment encourage owner-operator investment. Cross-border transport facilitation measures such as the TIR system promise to open fresh export lanes for South American carriers, indirectly boosting demand for compliant used tractors.
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Competitive Landscape
The top five participants, Daimler AG, PACCAR Inc., Volvo Group, Navistar International Corp., and Scania AB, held a subtle portion of the market share in 2024, reflecting moderate concentration that still permits energetic mid-tier competition. OEMs extend vertical reach through certified pre-owned channels, harnessing telematics data for predictive maintenance and deploying dedicated financing arms to lock in lifecycle loyalty. PACCAR’s finance division alone retailed over 12,500 certified units in 2023, signaling the scale advantages large incumbents wield.
White-space opportunities surface in inspection-as-a-service models that enable cross-border buyers to verify condition remotely, subscription-based fleet packages for small enterprises, and bespoke remarketing pathways for first-wave electric trucks. Technology partnerships, such as the planned Volvo-Daimler software-defined truck platform, underline the strategic importance of data-rich ecosystems that can influence valuation and uptime far beyond initial sale.
Digital disruptors leverage algorithmic pricing and AI-powered condition scoring to match trucks with buyers faster than legacy dealers, compressing sales cycles while driving transparency. Legacy players respond by integrating online storefronts, overhauling internal IT stacks, and expanding post-sale service bundles. The competitive balance now pivots on data access, platform usability, and the ability to package flexible financing that aligns with tightening cash-flow realities across the freight sector.
Used Truck Industry Leaders
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Scania AB
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Daimler AG
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PACCAR Inc.
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Navistar International Corporation
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AB Volvo
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- April 2025: Thompson Truck Group acquired Lee-Smith Dealer Group, extending its regional footprint and service density.
- January 2025: John Deere showcased its first autonomous articulated dump truck (ADT) at CES 2025, aimed at mining and quarry environments.
Global Used Truck Market Report Scope
Used trucks refer to pre-owned commercial vehicles designed for transporting materials and goods. These vehicle are available for resale in the secondary market.
The used truck market is segmented by vehicle type, sales channel type, and geography. By vehicle type, the market is segmented into light trucks, medium-duty trucks, and heavy-duty trucks. By sales channel, the market is segmented into independent dealer, franchised dealer, and peer-to-peer. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The report offers the market size in value terms in USD for all the abovementioned segments.
By Vehicle Type
| Light Trucks (Class 3-5) |
| Medium-Duty Trucks (Class 6-7) |
| Heavy-Duty Trucks (Class 8 and Over 15 t) |
By Fuel Type
| Diesel |
| Gasoline |
| Natural Gas and LPG |
| Hybrid and Battery-Electric |
By Age Bracket
| Up to 3 Years |
| 4 to 7 Years |
| 8 to 12 Years |
| Above 12 Years |
By Vehicle Class
| Class 3 |
| Class 4 |
| Class 5 |
| Class 6 |
| Class 7 |
| Class 8 |
By End-use Industry
| Construction and Infrastructure |
| Logistics and E-commerce Delivery |
| Mining and Quarrying |
| Agriculture and Forestry |
| Municipal and Utilities |
| Others |
By Sales Channel
| Independent Dealer |
| Franchised Dealer |
| OEM-Backed Certified Pre-Owned |
| Online Peer-to-Peer and Auction |
By Geography
| North America | United States |
| Canada | |
| Rest of North America | |
| South America | Brazil |
| Argentina | |
| Chile | |
| Rest of South America | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Russia | |
| Rest of Europe | |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific | |
| Middle East | United Arab Emirates |
| Saudi Arabia | |
| Qatar | |
| South Africa | |
| Rest of Middle East and Africa |
| By Vehicle Type | Light Trucks (Class 3-5) | |
| Medium-Duty Trucks (Class 6-7) | ||
| Heavy-Duty Trucks (Class 8 and Over 15 t) | ||
| By Fuel Type | Diesel | |
| Gasoline | ||
| Natural Gas and LPG | ||
| Hybrid and Battery-Electric | ||
| By Age Bracket | Up to 3 Years | |
| 4 to 7 Years | ||
| 8 to 12 Years | ||
| Above 12 Years | ||
| By Vehicle Class | Class 3 | |
| Class 4 | ||
| Class 5 | ||
| Class 6 | ||
| Class 7 | ||
| Class 8 | ||
| By End-use Industry | Construction and Infrastructure | |
| Logistics and E-commerce Delivery | ||
| Mining and Quarrying | ||
| Agriculture and Forestry | ||
| Municipal and Utilities | ||
| Others | ||
| By Sales Channel | Independent Dealer | |
| Franchised Dealer | ||
| OEM-Backed Certified Pre-Owned | ||
| Online Peer-to-Peer and Auction | ||
| By Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| South America | Brazil | |
| Argentina | ||
| Chile | ||
| Rest of South America | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Middle East | United Arab Emirates | |
| Saudi Arabia | ||
| Qatar | ||
| South Africa | ||
| Rest of Middle East and Africa | ||
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Key Questions Answered in the Report
How big is the Used Truck Market?
The Used Truck Market size is expected to reach USD 52.73 billion in 2025 and grow at a CAGR of greater than 5.23% to reach USD 68.04 billion by 2030.
Which vehicle type currently leads the global used trucks market?
Heavy-duty trucks are the largest segment, holding 43.05% of 2024 revenues.
Which is the fastest growing region in Used Truck Market?
Middle East and Africa is estimated to grow at the highest CAGR of 7.41% over the forecast period (2025-2030).
Which region has the biggest share in Used Truck Market?
In 2025, Asia-Pacific accounts for the largest market share in Used Truck Market, holding 47.35% share.
How are sales channels shifting?
Online peer-to-peer platforms and auctions are forecast to post a 12.30% CAGR, outpacing traditional independent and franchised dealers.
What role does e-commerce play in segment demand?
Logistics and e-commerce fleets generated 34.85% of 2024 demand and will continue to underpin growth, especially for light trucks and Class 4 vehicles.
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