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Used Semi-Truck Market Share

Report ID: GMI7928
Published Date: Jan 2024
Report Format: PDF

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Used Semi-Truck Market Share

AB Volvo and Daimler Trucks hold a significant market share of over 25% in the used semi-truck industry. AB Volvo operates a dedicated program for used trucks, providing customers with a range of pre-owned vehicles that have undergone thorough inspections and refurbishments. This program helps the company to increase its revenue share in the market.

Daimler Trucks operates the SelecTrucks program, offering a range of used commercial vehicles from brands like Freightliner and Western Star. The program includes a thorough inspection process and provides a warranty for added assurance. This helps the company to get a competitive advantage in the market.

Used Semi-Truck Market Companies

Major companies operating in the used semi-truck industry are:

AB Volvo
Arrow Truck Sales
Daimler Trucks
East Coast International Trucks
Enterprise Truck Rental
Fyda Freightliner
IronPlanet Inc.
IVECO S.p.A
MAN Truck & Bus SE
PACCAR Inc.
Penske Used Trucks
Piedmont Peterbilt
Premier Truck Group
Ritchie Bros. Auctioneers
Ryder System, Inc.
Schneider National
Summit Truck Group
Tata Motors Limited

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of used semi-truck reached USD 13.8 billion in revenue in 2023 and is poised to expand at over 8% CAGR from 2024 to 2032, propelled by the growing volume of freight transportation.

Class 8 used semi-truck segment accounted for more than 60% revenue share in 2023, owing to their heavy-duty capabilities and exceptional versatility.

Asia Pacific accounted for more than 50% of the market share in 2023, owing to the robust economic growth along with flourishing trade and commerce.

Some of the prominent used semi-truck companies are AB Volvo, Daimler Trucks, East Coast International Trucks, Fyda Freightliner, MAN Truck & Bus SE, PACCAR Inc., Penske Used Trucks, Premier Truck Group, Ritchie Bros. Auctioneers, Ryder System, Inc., and Tata Motors Limited.