The North America Used Truck Market report by MarkNtel Advisors provides an in-depth analysis of market size, share, and growth prospects, offering valuable insights for stakeholders.
North America Used Truck Market Size & Insights
The North America Used Truck Market size was valued at around USD 16.1 billion in 2024 and is projected to reach USD 24.43 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.20% during the forecast period, i.e., 2025-30. Most of the market expansion would be propelled by the rapidly increasing number of construction and development projects across different countries in the region, backed by substantial government support and investments. It, in turn, is augmenting the demand for used trucks, which are easily available at affordable prices.
What are the Key DROs in the North America Used Truck Market??
Expanding Transportation Industry throughout the Region – Backed with the improvement in the road connectivity and trade across different countries in the region, the transportation industry in North America is growing substantially and demonstrating a peaking demand for used trucks. As a result, key players are tapping these opportunities and widening their offerings, thereby generating substantial revenue and contributing to the overall growth trajectory of the market in the region.
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What are the Key Segments in the North America Used Truck Market?
The North America Used Truck is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Application
Construction
Mining
Logistics
Among all, the construction application is anticipated to make substantial contributions to the expansion of the North America Used Trucks Market during 2025-30.
By Capacity
5 tons to 7.5 tons
5 tons to 16 tons
Above 16 tons
By Fuel Type
Diesel
Petrol
Gasoline/CNG
Electric and Hybrid
By Vehicle Type
Light Truck
Medium-duty Truck
Heavy-duty Truck
Here, Heavy Duty Vehicles are projected to acquire the largest share in the North America Used Trucks Market during the forecast period.
How does geographical analysis highlight in the North America Used Truck market?
By Country
US
Canada
Mexico
Mexico is emerging as a country with substantial opportunities for the players to expand their offerings and drive the Used Trucks Market during the forecast period.
Who are the Key Players in North America Used Truck Market?
Scania AB
AB Volvo
Kenworth
Freightliner Used Trucks
Cummins
Paccar
Peterbilt
International
Isuzu
Dodge.
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Key pillars of the research methodology include:
Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.
Why This MarkNtel Advisors Research Report:
In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.
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