Used Vehicles in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The used vehicles market refers to the buying and selling of pre-owned automobiles. This market includes a wide range of vehicles, from cars and trucks to motorcycles and vans, that have had previous owners. It encompasses transactions between individuals, dealerships, and online platforms. The market scope excludes used military trucks and second-hand electric vehicles. Additionally, it does not encompass the unorganized market. Market volume refers to the total number of used vehicles sold within a given year. Market value is calculated by multiplying the average selling price by the number of used vehicles sold.
- The Asia-Pacific used vehicles market recorded revenues of $378.7 billion in 2024, representing a compound annual growth rate (CAGR) of 2.4% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 2.2% between 2019 and 2024, reaching a total of 25.1 million units in 2024.
- The Asia-Pacific used vehicles market recorded for an annual growth of 3.8% in 2024. The growth is driven by a rise in the inflation rate. According to the Ministry of Statistics and Programme Implementation (MOSPI), in October 2024, the inflation rate in India increased by 6.2%.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the used vehicles market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the used vehicles market in Asia-Pacific
- Leading company profiles reveal details of key used vehicles market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific used vehicles market with five year forecasts
Reasons to Buy
- What was the size of the Asia-Pacific used vehicles market by value in 2024?
- What will be the size of the Asia-Pacific used vehicles market in 2029?
- What factors are affecting the strength of competition in the Asia-Pacific used vehicles market?
- How has the market performed over the last five years?
- Who are the top competitors in Asia-Pacific's used vehicles market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Uxin Ltd
- CARS24 Services Pvt Ltd
- Carsome Sdn Bhd
