Used Semi-Truck Market Size & Share, By Class (Class 8, Class 7, Class 6), Sales Channel (Franchised Dealer, Independent Dealer, Peer-to-Peer), Fuel (Gasoline, Electric, Diesel), Growth Prospects, Regional Outlook - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Used Semi-Truck Market size is projected to grow from USD 14.79 Billion in 2024 to USD 240.81 Million by 2034, with a CAGR surpassing 8.2% throughout the forecast period (2025-2034). The industry revenue for 2025 is anticipated to be USD 15.85 billion.

• Base Year Value (2024): USD 14.79 Billion
• CAGR (2025-2034): 8.2%
• Forecast Year Value (2034): USD 240.81 Million
• Historical Data Period: 2021-2024
• Largest Region: North America
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The used semi-truck market has witnessed significant growth, driven by several key factors. One prominent driver is the increasing demand for transportation and logistics services, fueled by the rise of e-commerce and globalization. As businesses expand their reach, the need for efficient freight transport is essential, leading many companies to seek cost-effective solutions. Used semi-trucks provide an economical option for fleet expansion without the heavy financial burden of new vehicles.

Another catalyst for market growth is the advancement in truck technology. Modern used semi-trucks come equipped with enhanced fuel efficiency and better performance capabilities, attracting buyers looking to optimize operations. The shift toward environmentally sustainable practices has also spurred interest in models that meet emissions standards while offering reliability and durability. This changing landscape provides opportunities for sellers of used trucks to highlight the benefits of purchasing pre-owned vehicles.

The availability of financing options has also played a critical role. Lenders are increasingly offering attractive financing terms and deals specifically tailored to the used truck market. This accessibility makes it easier for small to medium-sized businesses to invest in reliable transportation solutions. Additionally, the advent of online marketplaces has revolutionized how these transactions occur, creating greater transparency and enabling buyers to make informed decisions quickly.

Report Scope

Report Coverage	Details
Segments Covered	Class, Sales Channel, Fuel
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	AB Volvo, Arrow Truck Sales, Inc., Bergey's Truck Centers, Daimler Trucks, East Coast International Trucks, Enterprise Truck Rental, Fyda Freightliner, International Used Trucks Center, IronPlanet Inc., IVECO S.p.A, MAN Truck & Bus SE, MHC Used Truck Sales (Murphy-Hoffman Company), PACCAR Inc., Penske Used Trucks, Piedmont Peterbilt, Premier Truck Group, Ritchie Bros. Auctioneers, Ryder System, Inc., Sandhills Global (Truckpaper), Scania, Schneider National, Summit Truck Group, Tata Motors Limited,

Industry Restraints:

Despite the growth opportunities, the used semi-truck market faces several restraints that could impede progress. One of the primary challenges is the fluctuating prices of used trucks, which can be influenced by variable factors including supply chain disruptions and market demand shifts. These fluctuating prices may deter potential buyers who are uncertain about the right time to make a purchase.

Another significant restraint is the availability of high-quality used inventory. As demand for used trucks increases, the supply may struggle to keep pace, leading to potential shortages. This scarcity can drive prices up, making it less appealing for budget-conscious buyers. Furthermore, the challenge of aging fleets can result in increased maintenance costs for older vehicles, which diminishes their attractiveness compared to newer models.

Additionally, regulatory constraints surrounding emissions and safety standards pose hurdles for both buyers and sellers in the used semi-truck market. Compliance with these regulations can require investment in retrofits or upgrades, which can further limit the purchasing power of buyers. The complexity surrounding these regulations can hinder market growth by deterring investment in the used truck sector.

Regional Forecast:

North America

The used semi-truck market in North America is robust, primarily driven by the high demand for freight transport within the United States and Canada. Major hubs such as Texas, California, and Ontario have significant concentrations of trucking companies, boosting the market size in these areas. The U.S. leads the way with a strong economy and extensive infrastructure, facilitating a vibrant used truck market. Demand for used semi-trucks is heightened by the need for cost-efficient logistics solutions among small to medium-sized transportation firms. The growing trend of e-commerce is also boosting demand, leading to a more favorable outlook for used truck sales in the coming years.

Asia Pacific

In the Asia Pacific region, the used semi-truck market is seeing significant growth, with China, Japan, and South Korea at the forefront. China stands out due to its booming logistics sector, driven by a vast manufacturing base and increasing domestic delivery requirements. The used truck market in Japan benefits from a highly developed automotive industry, with an increasing focus on fuel efficiency and emission reductions leading buyers to seek out used vehicles. South Korea is also experiencing growth as it modernizes its logistics capabilities to meet global standards. Overall, as urbanization and trade continue to expand in these countries, the market for used semi-trucks is expected to thrive.

Europe

The used semi-truck market in Europe demonstrates diverse dynamics, with countries like Germany, the UK, and France being key players. Germany's strong economy and extensive road networks promote a healthy market for used trucks, particularly as local companies look to upgrade their fleets while managing costs. The UK market is similarly expanding, with increasing logistics demands fueled by e-commerce and a focus on sustainability driving the demand for used semi-trucks. France benefits from its strategic location within Europe, acting as a transport hub, which contributes positively to the used truck segment. The European market is gradually shifting towards electric and hybrid trucks, and as awareness of environmental issues increases, the demand for used semi-trucks is likely to adapt accordingly.

Segmentation Analysis:

In terms of segmentation, the global Used Semi-Truck market is analyzed on the basis of Class, Sales Channel, Fuel .

Class Segment Analysis

The used semi-truck market is primarily segmented by class, which categorizes trucks based on their weight and operational capabilities. Class 8 trucks, which are heavy-duty vehicles, dominate the market due to their capacity to handle substantial loads for long distances. These trucks are essential for freight transportation across the United States and hold a significant share of the used market. Within this class, the trend toward more fuel-efficient and technologically advanced models is driving demand as operators seek lower operating costs and improved sustainability. Class 7 and below are also notable segments, mostly appealing to regional and local transport operations where lighter loads and shorter distances are the norm. While they represent a smaller market share in comparison to Class 8, their growth rate is fueled by small to medium-sized enterprises looking to expand without the high capital costs associated with larger trucks.

Sales Channel Segment Analysis

The sales channel for used semi-trucks is crucial in understanding market dynamics. This segment is broadly categorized into direct sales, dealer sales, and online marketplaces. Dealer sales account for a significant portion of the market, as established dealers offer warranties and service packages that provide reassurance to buyers. Recently, there has been a noticeable shift toward online marketplaces, including digital platforms and auction sites, which are gaining traction among buyers seeking convenience and competitive pricing. This sub-segment is expected to experience the fastest growth as more sellers and buyers embrace digital transactions, reflecting broader trends in e-commerce. Direct sales, while still common, may see slower growth as consumers lean toward the advantages offered by online and dealer sales.

Fuel Type Segment Analysis

Fuel types represent another critical aspect of the used semi-truck market, significantly influencing purchasing decisions and operational costs. Traditionally, diesel-fueled trucks have held the largest market share due to their efficiency, durability, and extensive availability of fueling infrastructure. However, there is a rising interest in alternative fuel semi-trucks, such as those powered by compressed natural gas (CNG) and electric power. This shift is driven by increased regulatory pressures for reduced emissions, as well as advancements in technology that enhance the viability of non-diesel options. The segment focusing on electric trucks, although currently smaller in size, is projected to grow rapidly as manufacturers develop more robust models capable of meeting the needs of long-haul logistics. Consequently, while diesel remains predominant, the alternative fuel segment, especially electric semi-trucks, is expected to exhibit the most significant growth over the coming years.

Competitive Landscape:

The competitive landscape in the Used Semi-Truck Market is characterized by a mix of established players and emerging companies offering a variety of models and services. The market is driven by factors such as the growing demand for transportation services, increasing freight volumes, and the need for cost-effective logistics solutions. Key players are focusing on expanding their inventories, improving customer service, and enhancing their online platforms to attract a broader audience. Additionally, the rise of online retail channels is transforming traditional dealership models, leading to increased competition among sellers. With the market's growth potential, companies are also investing in technology and data analytics to improve operational efficiency and customer experience.

Top Market Players

1. Bumper to Bumper

2. Ryder System Inc.

3. Penske Truck Leasing

4. Arrow Truck Sales

5. CAG Truck Capital

6. Rush Enterprises

7. Mack Trucks

8. Volvo Trucks

9. International Used Trucks

10. Rush Truck Centers