Used Truck Market Report 2026

Used Truck Market Overview

• Used Truck market size has reached to $49.93 billion in 2025 • Expected to grow to $70.41 billion in 2030 at a compound annual growth rate (CAGR) of 7.4% • Growth Driver: Rise In Construction Industry Fuels The Expansion Of The Used Truck Market • Market Trend: The Rise Of E-Commerce Platforms For Used Trucks • Asia-Pacific was the largest region in 2025.

What Is Covered Under Used Truck Market?

A used truck has previously been owned and is being resold to a new customer. They are used for several purposes, including transporting products and supplies, hauling cargo, doing construction work, and towing trailers. The main types of used trucks are light-duty trucks, medium-duty trucks, and heavy-duty trucks. A light-duty truck is a vehicle classification used for trucks and vehicles with a gross vehicle weight of up to 8,500 pounds and a payload capacity of up to 4,000 pounds. They are available in various fuel types, such as gasoline, electric, and diesel. They are available through sales channels such as franchised dealers, independent dealers, and peer-to-peer, and are utilized by various end-users, such as construction, oil and gas, mining, and others.

What Is The Used Truck Market Growth Forecast?

The used truck market size is expected to see strong growth in the next few years. It will grow to $70.41 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to electric truck transition lag, infrastructure spending growth, digital resale platforms, demand from small fleet operators, financing availability. Major trends in the forecast period include growth in fleet replacement demand, rising popularity of used heavy-duty trucks, expansion of online truck marketplaces, demand from infrastructure projects, cost-conscious logistics operators.

Global Used Truck Market Segmentation

1) By Type: Light-Duty Truck, Medium-Duty Truck, Heavy-Duty Truck 2) By Fuel Type: Gasoline, Electric, Diesel 3) By Sales Channel: Franchised Dealer, Independent Dealer, Peer-To-Peer 4) By End-Use: Construction, Oil And Gas, Mining, Other End-Users Subsegments: 1) By Light-Duty Truck: Pickup Trucks, Mini Trucks, Utility Trucks 2) By Medium-Duty Truck: Box Trucks, Flatbed Trucks, Delivery Trucks 3) By Heavy-Duty Truck: Tractor-Trailers (Semi-Trucks), Dump Trucks, Heavy Haul Trucks

What Is The Driver Of The Used Truck Market?

The rise in the construction industry is expected to propel the growth of the used truck market going forward. The construction industry is the industrial segment of production and commerce concerned with constructing, repairing, renovating, and maintaining infrastructures. Used trucks are used for transporting several construction materials on construction sites. For instance, in February 2025, according to the United States Census Bureau, a U.S.-based federal agency, construction spending reached a seasonally adjusted annual rate of $2,192.2 billion, 0.5 percent above November 2024 and 4.3 percent above December 2023, with total 2024 spending at $2,154.4 billion, 6.5 percent higher than 2023. Therefore, the rise in the construction sector drives the used truck industry.

What Is The Driver Of The Used Truck Market?

The rise in the construction industry is expected to propel the growth of the used truck market going forward. The construction industry is the industrial segment of production and commerce concerned with constructing, repairing, renovating, and maintaining infrastructures. Used trucks are used for transporting several construction materials on construction sites. For instance, in February 2025, according to the United States Census Bureau, a U.S.-based federal agency, construction spending reached a seasonally adjusted annual rate of $2,192.2 billion, 0.5 percent above November 2024 and 4.3 percent above December 2023, with total 2024 spending at $2,154.4 billion, 6.5 percent higher than 2023. Therefore, the rise in the construction sector drives the used truck industry.

Global Used Truck Market Trends and Insights

Major companies operating in the used truck market are focusing on developing innovative solutions such as certified pre-owned digital assurance platforms to enhance buyer confidence, streamline vehicle evaluation, and improve post-purchase support. Certified pre-owned digital assurance platforms refer to integrated systems that combine standardized vehicle inspection, service history validation, warranty options, and digital customer services to ensure reliable and transparent used truck transactions. For instance, in June 2023, Daimler, a Germany-based automotive manufacturer, launched the Bharat Benz Certified brand for used trucks. Customers can choose a new annual maintenance contract (AMC) while purchasing used Bharat Benz trucks.

What Are Latest Mergers And Acquisitions In The Used Truck Market?

In April 2024, Mitsui & Co. Ltd., a Japan-based trade company, acquired Taylor & Martin Enterprises LLC for an undisclosed amount. This acquisition of Taylor & Martin will enhance its presence in the U.S. truck market by utilizing Taylor & Martin's auctioning expertise. This will enable geographic expansion, improved services, and stronger synergies with Mitsui's automotive operations, promoting both company growth and customer experience. Taylor & Martin Enterprises LLC is a US-based transportation company specialized in providing and auctioning of used trucks.

Regional Outlook

Asia-Pacific was the largest region in the used truck market in 2025. The regions covered in this market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Used Truck Market?

The used truck market consists of sales of pickup trucks, cement trucks, chiller trucks, crane trucks or mobile cranes, fire trucks, logging trucks, snow plows, and tankers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Used Truck Market Report 2026?

The used truck market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the used truck industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.