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North America Used Truck Market By Tonnage Capacity, By Fuel Type, By Application Type, By Country, Competition, Forecast & Opportunities, 2014-2024

  • ID: 4758445
  • Report
  • Region: North America, United States
  • 108 pages
  • TechSci Research
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North American Used Truck Market Forecast to Grow from $13.7 Billion in 2018 to $20.5 Billion by 2024

FEATURED COMPANIES

  • AB Volvo
  • Dodge
  • Ford Motor Company
  • Freightliner Limited
  • Hino
  • International
  • MORE
"North America Used Truck Market By Tonnage Capacity (3.5 Tons to 7.5 Tons, 7.5 Tons to 16 Tons, 16 Tons to 30 Tons and Above 30 Tons), By Fuel Type (Diesel, Petrol/Gasoline, CNG & Electric & hybrid), By Application Type, By Country, Competition, Forecast & Opportunities, 2014-2024"

North America Used Truck Market Overview

The North American used truck market is forecast to grow from $ 13.7 billion in 2018 to $ 20.5 billion by 2024, exhibiting a CAGR of 6.8% during the forecast period, owing to their low cost when compared with new trucks. Increasing preference for advanced technologies such as automation transmission is resulting in consumer focus towards new trucks, as a result, used truck sellers are keeping the prices of these trucks low in order to attract customers. Fleet owners are demanding more trucks to handle rising freight demand, owing to increasing construction activities and growing e-commerce industry across the region. Moreover, North America Free Trade Agreement allows easy movement of goods in the region. Thus, several companies have set up their automotive manufacturing plants in Canada for producing and selling vehicles in the United States.

North America Used Truck Market Segments

Based on the tonnage capacity, the North American used truck market can be segmented into 3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons and above 30 tons. Above 30 tons segment registered the highest sales in the last few years and the trend is likely to continue during the forecast period, on account of high mileage offered by the truck segment. In terms of fuel type, used truck market in the region can be categorized into diesel, petrol/gasoline, electric & hybrid and CNG. Diesel trucks are the preferred choice in the region and the segment is expected to witness high growth through 2024, owing to high fuel economy and high torque. Trucks are used for a variety of applications including logistics, construction and mining. Mining and logistics are the major segments in the North American used truck market, backed by increasing population and high demand for moving goods from one place to other. Logistics application segment is anticipated to register strong growth in the market in coming years, accounting for a one-third share in the market.

North America Used Truck Market Regional Insights

In terms of regional analysis, the market for used trucks has been segmented into the United States, Mexico and Canada. United States is expected to dominate North America used truck market during forecast period, owing to high demand for transferring goods.

North America Used Truck Market Competitive Landscape

Major companies operating in the North American used truck market recorded high sales volume in the 2018 and the trend is likely to continue during the forecast period. List of major market players include Ford Motor Company, Freightliner Limited, AB Volvo, Navistar International Corporation, Isuzu Motors Ltd, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:
  • To analyze and forecast the North American used truck market size.
  • To classify and forecast the North American used truck market based on fuel type, tonnage capacity, application and regional distribution.
  • To identify drivers and challenges for the North American used truck market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the North American used truck market.
  • To conduct the pricing analysis for the North American used truck market.
  • To identify and analyze the profile of leading players operating in the North American used truck market.
Some of the leading players in the North American used truck market are Ford Motor Company, Freightliner Limited, AB Volvo, Navistar International Corporation, Isuzu Motors Ltd, etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of manufacturers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major manufacturers across the globe.

The author calculated the North American used truck market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Truck manufacturers, distributors and other stakeholders
  • Major end-users of trucks
  • Associations, organizations, forums and alliances related to truck industry
  • Government bodies such as regulating authorities and policymakers
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end-users. The study would also help them in determining which market segments should be targeted over the coming years to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the North American used truck market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Tonnage Capacity:
  • 3.5 Tons to 7.5 Tons
  • 7.5 Tons to 16 Tons
  • 16 Tons to 30 Tons
  • Above 30 Tons
Market, by Fuel Type:
  • Diesel
  • Petrol/Gasoline
  • CNG
  • Electric & Hybrid
Market, by Application:
  • Logistics
  • Construction
  • Mining
Market, by Country:
  • United States
  • Canada
  • Mexico
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the North American used truck market.

Available Customizations:

With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
*Note - Custom Research License:

10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AB Volvo
  • Dodge
  • Ford Motor Company
  • Freightliner Limited
  • Hino
  • International
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. North America Used Truck Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Tonnage Capacity (3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons and above 30 Tons)
5.2.2. By Fuel Type (Diesel, Petrol/Gasoline, Hybrid & Electric and CNG)
5.2.3. By Application (Logistic, Construction, Mining)
5.2.4. By Country
5.2.5. By Company (2018)
5.3. Market Attractive Index

6. United States Used Truck Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Tonnage Capacity (3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons, above 30 tons)
6.2.2. By Fuel Type (Diesel, Petrol/Gasoline, Hybrid & Electric and CNG)
6.2.3. By Application (Logistic, Construction, Mining)
6.3. Product Pricing
6.4. Market Attractive Index

7. Canada Used Truck Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Tonnage Capacity (3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons, above 30 tons)
7.2.2. By Fuel Type (Diesel, Petrol/Gasoline, Hybrid & Electric and CNG)
7.2.3. By Application (Logistic, Construction, Mining)
7.3. Product Pricing
7.4. Market Attractive Index

8. Mexico Used Truck Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Tonnage Capacity (3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to 30 tons, above 30 tons)
8.2.2. By Fuel Type (Diesel, Petrol/Gasoline, Hybrid & Electric and CNG)
8.2.3. By Application (Logistic, Construction, Mining)
8.3. Product Pricing
8.4. Market Attractive Index

9. Market Dynamics
9.1. Drivers
9.2. Challenges

10. Market Trends & Developments

11. Competitive Landscape (Partial List of Clients)
11.1. Freightliner Limited
11.2. Ford Motor Company
11.3. International
11.4. Paccar Inc.
11.5. Isuzu
11.6. Dodge
11.7. AB Volvo
11.8. Hino
11.9. Navistar International Corporation

12. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements.)

*Full List of Figures and Tables Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Freightliner Limited
  • Ford Motor Company
  • International
  • Paccar Inc.
  • Isuzu
  • Dodge
  • AB Volvo
  • Hino
  • Navistar International Corporation
Note: Product cover images may vary from those shown
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