Future North America Used Truck Market: Key Dynamics, Size & Share Analysis
The North America Used Truck Market size was valued at around USD 16.1 billion in 2024 and is projected to reach USD 24.43 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.20% during the forecast period, i.e., 2025-30. Most of the market expansion would be propelled by the rapidly increasing number of construction and development projects across different countries in the region, backed by substantial government support and investments. It, in turn, is augmenting the demand for used trucks, which are easily available at affordable prices.
Top Market Challenges Impacting the North America Used Truck Market Growth
Expanding Transportation Industry throughout the Region – Backed with the improvement in the road connectivity and trade across different countries in the region, the transportation industry in North America is growing substantially and demonstrating a peaking demand for used trucks. As a result, key players are tapping these opportunities and widening their offerings, thereby generating substantial revenue and contributing to the overall growth trajectory of the market in the region.
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Understanding the Core Segments in the North America Used Truck Market
North America Used Truck Market Size, Share & Industry Trends Analysis- By Application (Construction, mining and Logistics), By Capacity (3.5 to 7.5 tons, 7.5 tons to 16 tons and Above 16 tons), By Fuel Type (Gasoline/CNG, Diesel, Petrol and Electric and Hybrid), By Vehicle Type (Light, Medium-duty and Heavy Truck) and Others
Geographical Analysis of the North America Used Truck Market
By Country
- United States
- Canada
- Mexico.
Who Dominates the North America Used Truck Market Insights on Key Industry Players?
Companies are strengthening their presence in the North America Used Truck market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
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