Used Trucks Market Growth Analysis & Forecast Report | 2024-2032

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Used Trucks Market 2024-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• Used Truck Market will reach USD 98.4 billion by
  2032. As per the report, the growth of e-commerce
  is among the key factors driving market growth
  over 2023-2032. According to Hostiger, online
  shopping is on the rise worldwide, with 33
  percent of people shopping online, up 5 percent
  from 2022. By 2028, that number is expected to
  rise to 63.2 percent, making 4.5 billion people
  e-commerce consumers over the next four years.
• As the global e-commerce sector booms, there is a
  growing demand for efficient and reliable
  transportation solutions that facilitate the
  smooth movement of goods. Used trucks meet this
  demand by providing e-commerce companies with
  cost-effective and flexible transportation
  options. In addition, the expansion of e-commerce
  platforms has increased the need for last-mile
  delivery solutions, further boosting the demand
  for used trucks.

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• The diesel segment will capture a notable used
  truck market share by 2032, as diesel trucks
  continue to be the backbone of the transportation
  industry due to their unmatched power,
  durability, and fuel efficiency. The wide
  availability of diesel infrastructure, combined
  with continuous improvements in engine
  technology, ensures that diesel trucks remain a
  viable option for companies looking for durable
  and reliable transportation solutions in the used
  truck market.
• The used truck market size from the light truck
  segment will grow appreciably through 2032. Used
  light trucks are suitable for a variety of
  applications, from local deliveries to
  small-scale construction projects, making them an
  invaluable asset for companies in various
  industries. As organizations strive to optimize
  operational efficiency and minimize transport
  costs, these trucks offer a compelling solution
  that combines versatility, reliability, and
  affordability. In addition, technological
  advances are improving the performance and fuel
  efficiency of light trucks, increasing their
  appeal among buyers.

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• Regional Analysis

• Europe Used Truck industry will amass sizeable
  gains through 2032, driven by a combination of
  economic factors and regulatory initiatives. As
  one of the largest commercial vehicle markets in
  the world, Europe has a solid infrastructure and
  well-established logistics networks that create a
  favorable environment for the market expansion.
  Additionally, stringent emission regulations and
  increasing emphasis on sustainable development
  are increasing the demand for fuel-efficient and
  eco-friendly trucks, fueling market growth in the
  region.

• Competitive Analysis

• Volvo Trucks
• Arrow Truck Sales
• Daimler Trucks North America (DTNA)
• Enterprise Truck Rental
• International Used Trucks
• Ryder System, Inc.

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