Used Trucks Market Opportunity, Growth Drivers, Industry Trend Analysis and Forecast 2026-2035

The Global Used Trucks Market was valued at USD 49.95 billion in 2025 and is estimated to grow at a CAGR of 8.2% to reach USD 109.2 billion by 2035.

Increasing vehicle prices, long OEM delivery times, and a focus on capital preservation are driving fleet operators toward the secondary market to maintain operational continuity and protect profit margins. Once viewed as residual assets, used trucks are now integral to fleet optimization strategies across logistics, construction, municipal services, mining, agriculture, and utilities. Fleet managers are prioritizing vehicles with verified service histories, compliance with emission standards, and the ability to accommodate digital retrofits. The adoption of telematics, predictive maintenance, ADAS retrofits, and powertrain monitoring enhances vehicle longevity, reduces total cost of ownership, and enables data-driven decisions for fuel efficiency, driver performance, and asset redeployment. This lifecycle-oriented approach, rather than first-ownership economics, is reshaping demand dynamics, making used trucks a strategic choice for cost-conscious fleet operators seeking operational flexibility and efficiency in urban and regional transportation networks.

The medium-duty segment held 47.13% share in 2025 and is projected to grow at a CAGR of 8.1% through 2035. Medium-duty trucks, with GVWR ranging from 10,001-26,000 lbs, offer versatility, fuel efficiency, and lower acquisition costs, making them ideal for urban logistics, last-mile deliveries, construction support, and municipal applications. These trucks are particularly favored by small and medium-sized fleet operators due to their balance of payload capacity and operational cost-effectiveness.

The gasoline trucks segment accounted for 60% share in 2025 and is expected to grow at a CAGR of 8.3% from 2026 to 2035. Their widespread availability, lower purchase price, and ease of maintenance make them highly appealing to fleet operators, small businesses, and local delivery services. Broad service networks and abundant spare parts further enhance the attractiveness of gasoline trucks, particularly in emerging markets.

China Used Trucks Market held 65.5% share, generating USD 22.96 billion in 2025. The growth is supported by rapid expansion in e-commerce, logistics, regional transportation, and infrastructure projects. Rising new truck prices have further increased the appeal of pre-owned vehicles among small- and medium-sized operators, fueling demand for medium- and heavy-duty used trucks.

Major players in the Global Used Trucks Market include Enterprise Truck Rental, PACCAR, Daimler, Penske Used Trucks, Ryder System, Schneider National, Ritchie Bros. Auctioneers, TATA Motors, Werner Enterprises, and Volvo Trucks. Companies in the Global Used Trucks Market strengthen their presence through strategic fleet acquisition, digital integration, and after-sales services. Emphasis on telematics, predictive maintenance, and vehicle certification ensures reliability and builds customer trust. Expanding geographic reach and diversifying inventory across duty classes meet regional demand. Partnerships with logistics, construction, and municipal operators enhance market penetration. Companies also focus on value-added services such as financing, warranty programs, and fleet management solutions to improve customer retention and increase total cost-of-ownership transparency.

Comprehensive Market Analysis and Forecast

• Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
• Competitive landscape with Porter’s Five Forces and PESTEL analysis
• Market size, segmentation, and regional forecasts
• In-depth company profiles, business strategies, financial insights, and SWOT analysis

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