Europe Used Truck Market Overview
Market Size in 2024: USD 7.9 Billion
Market Forecast in 2033: USD 12.2 Billion
Market Growth Rate: 4.4% (2025-2033)
According to the latest report by IMARC Group, the Europe used truck market size was valued at USD 7.9 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 12.2 Billion by 2033, exhibiting a CAGR of 4.4% from 2025-2033.
Europe Used Truck Industry Trends and Drivers:
Driven by the growing need for affordable logistical solutions across many sectors, the truck market in Europe is now expanding quickly. Demand for used trucks is driven by the growing need for effective transportation systems as the e-commerce industry keeps growing. Businesses are looking for pre-owned cars in order to cut capital costs while still satisfying operational demands. Rising demand for transportation in industries like building and agriculture is also fueling the market's expansion as infrastructure projects are developing throughout Europe. As a workable substitute to new ones, businesses are seeing the value of pre-owned trucks, which assists them in satisfying their logistics needs without going beyond budget restrictions. Businesses working in these high-demand industries are increasingly turning to affordable and dependable used trucks as primary decision-making drivers.
Favorable regulatory policies are also shaping the course of the European used truck industry significantly. Companies are increasingly buying secondhand trucks matching new government requirements for fleet modernization and strict emission standards. Many businesses are improving their fleets to meet new environmental regulations without compromising operating efficiency. As businesses choose used cars that provide a mix of affordability and sustainability, this legislative drive is helping the market for used trucks. Moreover, as more attention is paid to sustainability, companies are opting for used trucks that may have already satisfied strict emission regulations, therefore upholding their environmental responsibility without the significant expense of new trucks.
The expansion of the market is also fueled by the growing significance of several sales channels, including internet sites that enable quick access to used trucks. These online channels are allowing prospective customers to peruse large stocks and pick the best vehicle to meet their needs. The ease and openness provided by internet sales are motivating more companies to look at used trucks as a realistic alternative. Furthermore improving the appeal of pre-owned trucks to companies all over Europe is the increasing use of telematics and fleet management systems that is improving their performance and efficiency. Consequently, these elements are working together to fuel the continuous growth of the used truck industry in Europe, setting it for ongoing success until 2033.
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Europe Used Truck Industry Segmentation:
The report has segmented the market into the following categories:
Analysis by Vehicle Type:
- Light Trucks
- Medium-duty trucks
- Heavy-duty Trucks
Analysis by Sales Channel:
- Franchised Dealer
- Independent Dealer
- Peer-to-Peer
Analysis by End User:
- Construction
- Oil and Gas
- Others
Country Analysis:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Latest News and Developments:
- In April 2024, Scania UK announced the launch of its new sales platform, enabling customers to purchase used vehicles online. Customers will have a wide selection of used vehicles to choose from across the different Scania Go grading bands, including used trucks and cars.
- In September 2024, DAF Trucks, a Europe-based prominent used trucks provider, unveiled advanced innovations in fuel efficiency, safety, and driver comfort for its New Generation XD, XF, XG, and XG+ trucks. The company also showcased its battery-electric trucks, charging stations, and energy storage solutions, emphasizing sustainability leadership.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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