Used Truck Market Size & Forecasts 2026-2035, By Segments (Type, Fuel, Sales Channel), Growth Opportunities, Innovation Landscape, Regulatory Shifts, Strategic Regional Insights (U.S., Japan, China, South Korea, UK, Germany, France), and Competitive Dynamics (Penske Truck Leasing, Ryder System, PACCAR, Daimler Truck, Volvo Trucks)

Market Outlook

Used Truck Market size is anticipated to rise from USD 50.74 billion in 2025 to USD 122.34 billion by 2035, reflecting a CAGR surpassing 9.2% over the forecast horizon of 2026-2035. The estimated revenue for 2026 is USD 54.81 billion.

• Base Year Value (2025): USD 50.74 Billion
• CAGR (2026-2035): 9.2%
• Forecast Year Value (2035): USD 122.34 Billion
• Historical Data Period: 2021-2025
• Largest Region: North America
• Forecast Period: 2026-2035

Key Takeaways

• North America region secured around 41.2% revenue share in 2025, owing to strong secondary market and logistics.
• Asia Pacific region will observe over 10.5% CAGR during the forecast period, impelled by growing logistics and cost-conscious buyers.
• Achieving 49.5% used truck market share in 2025, the growth of heavy-duty truck segment was underpinned by industrial demand drives heavy-duty truck sales.
• The diesel segment accounted for 58.8% of the used truck market in 2025, driven by fuel efficiency drives diesel truck demand.
• In 2025, independent dealer segment held a market share of over 54.45%, attributed to wide inventory drives independent dealer sales.
• Major competitors in the used truck market include Penske Truck Leasing (USA), Ryder System (USA), PACCAR (USA), Daimler Truck (Germany), Volvo Trucks (Sweden), Manheim Auctions (USA), Scania (Sweden), Tata Motors (India), Dongfeng Motor (China), Isuzu (Japan).

Market Dynamics

Rising Demand for Used Trucks in Logistics & Transportation

The increasing demand for used trucks in the logistics and transportation sectors is a significant growth driver shaping the used truck market. As e-commerce continues to surge, companies like Amazon and FedEx are expanding their delivery capabilities, leading to a heightened need for reliable transportation solutions. According to the American Trucking Associations, the logistics industry is expected to grow, with an emphasis on cost efficiency driving businesses toward used trucks, which offer lower acquisition costs compared to new models. This trend not only attracts established players looking to optimize their fleets but also opens doors for new entrants who can provide tailored financing options and flexible leasing arrangements. Companies that recognize this shift can strategically position themselves to capture market share by enhancing their offerings in the used truck segment.

Technological Innovations in Refurbishment & Fleet Management

Technological advancements in refurbishment and fleet management are revolutionizing the used truck market, making it more appealing to a broader range of buyers. Innovations such as telematics and predictive maintenance have transformed how fleets are managed, allowing operators to maximize uptime and efficiency. For instance, companies like Fleet Complete are leveraging IoT technologies to enhance fleet performance, which in turn boosts the resale value of used trucks. This technological evolution not only improves operational efficiency for current owners but also reassures potential buyers about the reliability of used trucks, thereby increasing market demand. Established players can capitalize on these innovations by integrating advanced technologies into their refurbishment processes, while new entrants can focus on developing specialized tech solutions that cater to niche market needs.

Expansion of Used Truck Markets in Emerging Regions

The expansion of used truck markets in emerging regions presents substantial growth opportunities for stakeholders in the used truck market. Countries in Southeast Asia and Africa are witnessing rapid urbanization and infrastructure development, driving the need for affordable transportation solutions. The World Bank highlights that investments in logistics infrastructure are crucial for economic growth in these regions, further fueling demand for used trucks. This trend is not only advantageous for established manufacturers looking to enter new markets but also for local dealerships and service providers who can offer tailored solutions to meet the unique needs of these emerging economies. As these markets continue to develop, the adaptability of businesses to local conditions will be key to leveraging the opportunities presented by this growth driver.

Growth Driver Assessment Framework
Growth Driver	Impact On CAGR	Regulatory Influence	Geographic Relevance	Adoption Rate	Impact Timeline
Rising demand for used trucks in logistics & transportation	3.10%	Short term (≤ 2 yrs)	North America, Europe (spillover: Asia Pacific)	Medium	Fast
Technological innovations in refurbishment & fleet management	3.00%	Medium term (2–5 yrs)	Europe, North America (spillover: Asia Pacific)	Medium	Moderate
Expansion of used truck markets in emerging regions	3.10%	Long term (5+ yrs)	Asia Pacific, Latin America (spillover: MEA)	Low	Moderate

Industry Restraints:

Regulatory Compliance Burdens

The used truck market faces significant challenges due to stringent regulatory compliance requirements that vary by region and vehicle type. These regulations often necessitate costly modifications to meet emissions standards and safety protocols, which can deter potential buyers and slow inventory turnover. For instance, the Environmental Protection Agency (EPA) has implemented increasingly rigorous emissions standards, compelling sellers to invest in retrofitting older trucks or face penalties. This compliance burden not only increases operational costs for established companies but also creates a barrier to entry for new entrants who may lack the capital to navigate these complex regulatory landscapes. As consumers become more environmentally conscious, the pressure to comply with sustainability initiatives further complicates the market dynamics, leading to hesitancy in purchasing older, less compliant vehicles.

Supply Chain Vulnerabilities

The used truck market is also significantly affected by supply chain vulnerabilities that have been exacerbated by recent global disruptions. Delays in acquiring replacement parts and new inventory due to logistics challenges can restrict the availability of used trucks, leading to inflated prices and reduced consumer confidence. According to the American Trucking Associations, ongoing supply chain issues have resulted in a backlog of orders and extended lead times for repairs, which directly impacts the resale value of used trucks. Established players may struggle to maintain their fleets, while new entrants face heightened competition for limited inventory. As manufacturers work to stabilize supply chains, the market may continue to see fluctuations in availability and pricing, influencing strategic decisions for both buyers and sellers in the near to medium term.

Regional Forecast

North America Market Statistics:

North America represented more than 41.2% of the global used truck market in 2025, establishing itself as the largest region in this sector. This dominance can be attributed to a robust secondary market and logistics infrastructure that caters to diverse consumer needs. The region's strong economic resilience, coupled with evolving consumer preferences for cost-effective transportation solutions, underscores its leading position. Additionally, advancements in technology and operational efficiencies are reshaping supply chains, driving demand for used trucks as businesses seek to optimize their logistics networks. According to the American Trucking Associations, the increasing focus on sustainability and regulatory compliance is further propelling the used truck market, as companies look to upgrade their fleets with more efficient vehicles. Looking ahead, North America offers significant opportunities for investors and stakeholders in the used truck market, driven by these dynamic factors.

The United States anchors the North American used truck market, accounting for a substantial share of the region's total. The strong secondary market is particularly evident in the U.S., where consumer demand for reliable and cost-effective transportation solutions is on the rise. Regulatory changes aimed at reducing emissions have encouraged fleet operators to transition to more efficient used trucks, thereby enhancing market dynamics. The U.S. Department of Transportation reports a steady increase in freight activity, which further fuels the demand for used trucks as businesses strive to meet logistical challenges. This trend positions the U.S. as a critical player in the regional market, offering strategic advantages for investors looking to capitalize on the evolving landscape.

Canada also plays a significant role in the North American used truck market, characterized by a growing emphasis on sustainability and operational efficiency. The Canadian government's initiatives to promote greener transportation solutions are influencing consumer behavior, leading to an uptick in the demand for used trucks that meet stringent environmental standards. Industry reports from the Canadian Trucking Alliance highlight the increasing adoption of technology in fleet management, which enhances the appeal of used trucks as businesses prioritize cost savings and performance. As Canada continues to align its regulatory framework with sustainability goals, it presents a complementary opportunity to the regional market, reinforcing North America's leadership in the used truck sector.

Asia Pacific Market Analysis:

Asia Pacific emerged as the fastest-growing region in the used truck market, registering rapid growth with a CAGR of 10.5%. This growth is primarily driven by the increasing demand for logistics solutions and the emergence of cost-conscious buyers seeking value in their purchasing decisions. The region's significant economic activities and expanding infrastructure projects have led to a heightened need for used trucks, as businesses prioritize cost-effective solutions to meet their transportation needs. Furthermore, the shift towards sustainability is prompting companies to consider used trucks as a viable option to reduce their carbon footprint, aligning with global environmental goals. Recent reports from the Asia-Pacific Economic Cooperation (APEC) highlight the rising investments in logistics and transportation infrastructure, which are expected to bolster the used truck market further. As a result, the Asia Pacific region presents substantial opportunities for stakeholders looking to capitalize on the evolving landscape of the used truck market.

Japan plays a pivotal role in the Asia Pacific used truck market, characterized by its advanced logistics systems and a strong emphasis on quality. The growing logistics sector in Japan is driving demand for used trucks, as businesses seek to optimize their operations while managing costs effectively. Japanese consumers tend to prioritize reliability and efficiency, making them more inclined to invest in well-maintained used trucks. According to the Japan Automobile Manufacturers Association, the trend towards digital transformation in logistics and supply chain management is also influencing purchasing behavior, with companies increasingly leveraging technology to enhance operational efficiency. This focus on innovation positions Japan as a key player in the regional used truck market, providing opportunities for growth as companies adapt to shifting consumer preferences and technological advancements.

China, as another major player in the Asia Pacific used truck market, is witnessing a surge in demand driven by rapid urbanization and industrial growth. The country's cost-conscious buyers are increasingly turning to used trucks as a practical solution to meet their transportation needs amid rising operational costs. The Chinese government’s recent initiatives to promote sustainable transportation solutions have also contributed to the appeal of used trucks, as businesses strive to align with regulatory frameworks aimed at reducing emissions. Reports from the China Association of Automobile Manufacturers indicate that the used truck segment is gaining traction, reflecting a shift in consumer behavior towards more economical options. This evolving landscape in China reinforces the region's growth trajectory, highlighting the significant opportunities for stakeholders to engage with a market that is adapting to both economic pressures and sustainability goals.

Europe Market Trends:

The used truck market in Europe has held a commanding share, driven by a robust logistics sector and increasing demand for cost-effective transportation solutions. This region is significant due to its strategic geographical positioning, which facilitates trade and distribution across multiple countries. Recent shifts in consumer preferences towards sustainability have led to a heightened interest in used trucks, as they offer a more environmentally friendly alternative to new vehicles. Additionally, technological advancements in telematics and vehicle maintenance are enhancing operational efficiencies, while regulatory frameworks are increasingly favoring the adoption of pre-owned vehicles. According to the European Automobile Manufacturers Association, the used truck segment is projected to grow as companies adapt to evolving supply chain demands and workforce trends. Looking forward, Europe presents substantial opportunities for investors, given its resilience and the ongoing transformation of the logistics landscape.

Germany plays a pivotal role in the European used truck market, characterized by strong consumer demand and a well-established automotive industry. The country has experienced significant growth in the used truck segment, fueled by favorable economic conditions and a competitive marketplace. For instance, the German Association of the Automotive Industry reported an uptick in used truck transactions, reflecting businesses' preference for cost-effective solutions amid rising operational costs. Furthermore, innovative financing options and a growing emphasis on digital platforms for vehicle sales are reshaping how consumers engage with the market. This positions Germany as a key player in the region, offering strategic implications for broader market dynamics as it continues to adapt to technological advancements and changing consumer behaviors.

France also maintains a notable presence in the used truck market, driven by increasing regulatory support for sustainability and environmental initiatives. The French government has implemented policies encouraging the use of lower-emission vehicles, which has positively impacted the demand for used trucks. According to the French Ministry of Ecological Transition, there has been a marked increase in the registration of used commercial vehicles as businesses seek to comply with stricter emissions standards. Additionally, the competitive landscape is evolving with the entry of new players leveraging digital sales platforms, enhancing consumer access to a diverse range of options. France's strategic focus on sustainability and innovation positions it as a vital contributor to the European used truck market, aligning with regional growth opportunities and reflecting broader economic trends.

Regional Market Attractiveness & Strategic Fit Matrix
Parameter	North America	Asia Pacific	Europe	Latin America	MEA
Innovation Hub	Advanced	Developing	Advanced	Developing	Developing
Cost-Sensitive Region	Low	Medium	Low	High	High
Regulatory Environment	Supportive	Neutral	Restrictive	Neutral	Neutral
Demand Drivers	Strong	Strong	Strong	Moderate	Moderate
Development Stage	Developed	Developing	Developed	Developing	Developing
Adoption Rate	High	High	High	Medium	Medium
New Entrants / Startups	Moderate	Dense	Moderate	Moderate	Sparse
Macro Indicators	Strong	Stable	Stable	Stable	Stable

Segmentation Analysis

 

Analysis by Type

The used truck market for heavy-duty trucks dominated the segment with a 49.5% share in 2025, driven primarily by robust industrial demand. This segment leads due to the increasing reliance on heavy-duty trucks for logistics and transportation in various sectors, including construction and agriculture, reflecting a broader trend toward efficiency and productivity in industrial operations. Factors such as rising consumer expectations for timely deliveries and the push for sustainable practices have further enhanced the demand for these vehicles. According to the American Trucking Associations, the heavy-duty segment's growth is also supported by advancements in fuel efficiency and technology, creating strategic advantages for both established firms and new entrants looking to innovate. As industries continue to evolve, the heavy-duty truck segment is expected to maintain its relevance, bolstered by ongoing infrastructural investments and continuous advancements in vehicle technology.

Analysis by Fuel

In the used truck market, diesel trucks captured over 58.8% share in 2025, reflecting their dominance in the fuel category. The segment's leadership stems from the inherent fuel efficiency of diesel engines, which are crucial for long-haul transportation and heavy-duty applications, aligning with the industry's focus on operational cost reduction. Customer preferences are increasingly leaning towards vehicles that offer lower total cost of ownership, further driving diesel demand. Insights from the U.S. Energy Information Administration highlight that diesel trucks are favored for their performance and reliability, providing strategic opportunities for both legacy manufacturers and emerging players focusing on sustainability. Given the ongoing advancements in diesel technology and emissions regulations, this segment is poised to remain significant in the near to medium term, as stakeholders adapt to evolving environmental standards while maintaining operational efficiency.

Analysis by Sales Channel

The used truck market through independent dealers held a commanding 54.4% share in 2025, establishing itself as the leading sales channel. This segment thrives on the wide inventory offered by independent dealers, catering to diverse customer needs and preferences, which enhances their competitive edge in a fragmented market. The flexibility and personalized service provided by independent dealers resonate well with buyers seeking tailored solutions, reflecting a shift towards more customer-centric sales approaches. According to the National Automobile Dealers Association, independent dealers have successfully adapted to changing market dynamics, creating opportunities for both established firms and new entrants to capitalize on niche markets. As consumer behavior continues to evolve towards online purchasing and digital engagement, the independent dealer segment is expected to retain its prominence, driven by innovative sales strategies and enhanced customer experiences.

Report Segmentation
Segment	Sub-Segment
Type	Light-duty truck, Medium-duty truck, Heavy-duty truck
Fuel	Gasoline, Diesel, Electric
Sales Channel	Franchised dealer, Independent dealer, Peer-to-peer

Competitive Landscape

Key players in the used truck market include Penske Truck Leasing, Ryder System, PACCAR, Daimler Truck, Volvo Trucks, Manheim Auctions, Scania, Tata Motors, Dongfeng Motor, and Isuzu. These companies are distinguished by their strong brand presence, extensive distribution networks, and innovative offerings, which collectively enhance their influence in the market. Penske Truck Leasing and Ryder System stand out for their robust leasing and rental services, while PACCAR and Daimler Truck leverage their manufacturing capabilities to provide high-quality used vehicles. Meanwhile, Manheim Auctions plays a critical role in the resale process, facilitating transactions that uphold market liquidity and transparency. The strategic positioning of Volvo Trucks and Scania, coupled with Tata Motors, Dongfeng Motor, and Isuzu's regional strengths, underscores the diverse landscape of the used truck sector, where each player contributes uniquely to market dynamics.

The competitive landscape of the used truck market is characterized by a flurry of strategic initiatives that reflect the players' commitment to innovation and market leadership. For instance, collaborations among manufacturers and auction platforms are increasingly common, enhancing the efficiency of the supply chain and improving customer access to quality used trucks. Investment in technology and research and development is evident, as companies seek to integrate advanced telematics and digital platforms that streamline the buying process and enhance vehicle performance. Furthermore, the emergence of alliances focused on sustainability and electrification indicates a shift in market priorities, with key players exploring new avenues to meet evolving consumer demands and regulatory standards. These strategic movements not only bolster competitive positioning but also foster a culture of innovation that drives the market forward.

Strategic / Actionable Recommendations for Regional Players

In North America, market players should consider fostering partnerships with technology firms to enhance their digital platforms, thereby improving customer engagement and streamlining the buying process. Additionally, tapping into the growing demand for electric and hybrid trucks presents an opportunity to capture a significant share of the market, aligning with sustainability trends.

In the Asia Pacific region, leveraging local manufacturing capabilities can facilitate faster responses to market changes, while exploring collaborations with logistics companies can enhance distribution efficiency. Focusing on the burgeoning e-commerce sector may also yield high returns, as demand for reliable transportation solutions continues to rise.

In Europe, establishing alliances with environmental organizations can not only elevate brand reputation but also align with regulatory frameworks that emphasize sustainability. Investing in advanced vehicle technologies, such as autonomous driving features, may provide a competitive edge, appealing to businesses looking for innovative solutions in their logistics operations.