Used Semi-Truck Market Size Sets USD 17.33 Bn in 2025 in 8.72% CAGR

Used Semi-Truck Market Competitive Strategies for 2025

According to forecasts, the global used semi-truck market will grow from USD 17.33 billion in 2025 to USD 36.77 billion by 2034, with an expected CAGR of 8.72%. The growing demand for semi-trucks from different industries such as construction, agriculture, logistics and some others coupled with rapid adoption of electric trucks in the e-commerce sector has boosted the market expansion.

The used semi-truck market size is calculated at US$ 14.66 in 2024, grew to US$ 17.33 billion in 2025, and is projected to reach around US$ 36.77 billion by 2034. The market is expanding at a CAGR of 8.72% between 2025 and 2034.

Used Semi-Truck Market Size 2024 - 2034

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Additionally, the increasing need for cross-border transportation along with rise in number of second-hand truck dealers is further contributing to the industrial growth. The integration of AI and blockchain technology in used-truck platforms is expected to create ample growth opportunities for the market players in the upcoming days.

Introduction

The used-semi truck market is a crucial branch of the commercial vehicle industry. This industry deals in purchasing and selling of used-semi trucks across the world. There are different types of trucks found in this sector comprising of class 6 trucks, class 7 trucks and class 8 trucks. These trucks are powered using various types of vehicles including gasoline, electric and diesel. It is available in a well-established sales channel consisting of franchised dealer, independent dealer, peer to peer dealer and some others. This market is expected to rise significantly with the growth of the automotive sector in different parts of the globe. 

Highlights of the Used Semi-Truck Market

  • Asia Pacific generated highest revenue of the used semi-truck market.
  • North America is expected to grow with a significant CAGR during the forecast period.
  • By class, the class 8 segment held the largest share of the market.
  • By class, the class 6 segment is expected to grow with a significant CAGR during the forecast period.
  • By sales channel, the franchised dealer segment led the industry.
  • By sales channel, the independent dealer is expected to rise a notable CAGR during the forecast period.
  • Opening of New Dealerships

Several market players are opening up new second-hand truck dealerships to cater the needs of the commercial vehicle holders.

  • Online Platforms

Numerous trucking companies are investing heavily to develop advanced online platforms to enhance the selling and purchasing of used trucks.

  • Partnerships

Various individual dealers are partnering with truck manufacturers to launch new services related to used-trucks.

  • Class Insights

How did the Class 8 Segment led the Used Semi-Truck Market in 2025?

The class 8 segment dominated the market. The increasing use of class 8 trucks in long-haul freight transportation, construction, and other applications that requires heavy hauling has boosted the market expansion. Additionally, numerous benefits of these trucks including versatility, durability, longevity, high fuel efficiency and some others is driving the growth of the used semi-truck market.

The class 6 segment is expected to rise with a significant CAGR during the forecast period. The growing demand for medium-duty trucks from several industries such as food and beverage, construction, logistics and some others has driven the market expansion. Moreover, several advantages of class 6 trucks such as adaptability, accessibility, flexibility and some others is expected to foster the growth of the used semi-truck market.

What Made the Franchised Dealer to be the Most Dominant Segment of Used Semi-Truck Market in 2025?

The franchised dealer segment held the largest share of the market. The growing consumer preference to purchase used vehicles from authorized dealers due to its brand value and enhance trust has boosted the market expansion. Also, numerous offers and incentives provided by franchised dealers for purchasing used trucks is accelerating the industry in a positive direction. Moreover, EMI facilities provided by these dealers help consumers to purchase trucks anytime is expected to drive the growth of the used semi-truck market.

The independent dealer is expected to expand with a notable CAGR during the forecast period. The rising interest of youths to set up their own businesses has boosted the market expansion. Additionally, the increase in number of independent dealers in several countries such as India, the U.S., Canada and some others is also contributing to the industrial growth. Moreover, rapid investment by independent dealerships for delivering high-quality commercial vehicles to consumers is expected to propel the growth of the used semi-truck market.

Why Asia Pacific Dominated the Used Semi-Truck Market in 2025?

Used Semi-Truck Market NA, EU, APAC, LA, MEA Share

Asia Pacific led the used semi-truck market. The growing demand for used-semi trucks from several industries such as agriculture and construction has boosted the market expansion. Additionally, numerous government initiatives aimed at developing the EV charging infrastructure coupled with rise in number of truck fleet operators is further adding to the industrial growth. Moreover, the presence of several market players such as Tata Motors Limited, Isuzu, Mitsubishi Fuso, Sinotruk and some others is expected to boost the growth of the used semi-truck market in this region.

North America is expected to expand with a significant CAGR during the forecast period. The growing adoption of electric trucks in the U.S. and Canada with an aim at reducing vehicular emission has driven the market growth. Also, the increasing demand for semi-trucks from the e-commerce and logistics sector coupled with the rising popularity of connected trucks is further adding to the industrial expansion. Moreover, the presence of several market players such as Penske Used Trucks, Piedmont Peterbilt, Premier Truck Group and some others is expected to propel the growth of the used semi-truck market in this region.

Industry Leader Announcement

  • In March 2025, Wahid Raza, the business head at Truckshub made an announcement stating that, “The used truck market has long been seen as unorganized, with issues like lack of transparency, standardization, and reliable transaction processes. TrucksHub seeks to tackle these challenges by bringing structure to the industry, ultimately benefiting both the stakeholders and the broader economy.”

Competitive Landscape

The used semi-truck market is a highly co industry with the presence of several dominating players. Some of the prominent companies in this industry consists of AB Volvo, IVECO S.p.A, MAN Truck & Bus SE, Arrow Truck Sales, Daimler Trucks, East Coast International Trucks, Enterprise Truck Rental, Fyda Freightliner, IronPlanet Inc., PACCAR Inc, Penske Used Trucks, Piedmont Peterbilt, Premier Truck Group, Summit Truck Group, Tata Motors Limited, Ritchie Bros. Auctioneers, Ryder System, Inc., Schneider National and some others.

These companies are constantly engaged in selling used semi-trucks and adopting numerous strategies such as business expansions, acquisitions, joint ventures, partnerships, collaborations, launches and some others to maintain their dominance in this industry.

According to the annual report of Ritchie Bros. Auctioneers, the revenue of the company in 2023 was around US$ 1040.90 million that increased to US$ 1141.60 million in 2024. (Source: rb Global)

Recent Developments

  • In March 2025, Trucksup launched TrucksHub. TrucksHub is an online marketplace designed for purchasing and selling used trucks. (Source: Business Standard)
  • In August 2024, Penske launched an used truck auction platform. This platform comes with different features such as exclusive access, transparent pricing, user-friendly interface and some others. (Source: Penske)
  • In April 2024, Scania launched an online truck selling platform. This new platform enables people to purchase a wide range of second-hand trucks. (Source: Fleet News)

Used Semi-Truck Market Key Players

 Used Semi-Truck Market Companies

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

Segments Covered in the Report

By Class

  • Class 6
  • Class 7
  • Class 8

By Sales Channel

  • Franchised dealer
  • Independent dealer
  • Peer-to-peer

By Fuel

  • Gasoline
  • Electric
  • Diesel

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • The Middle East and Africa
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  • Insight Code: 1185
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Last Updated: 10 July 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Shubham Madhukar Desale is a passionate and insights-driven Research Analyst with over five years of experience in market research, including more than four years of specialized expertise in the global automotive industry.

Learn more about Shubham Desale

Aditi Shivarkar, with 14+ years of experience in automotive market research, specializes in tracking trends across vehicle technologies, mobility solutions, and materials innovation. She delivers accurate, actionable insights that drive excellence in the automotive sector—fueling strategies around electrification, sustainability, and advanced manufacturing.

Learn more about Aditi Shivarkar
FAQ's

The used-semi truck market was valued at USD 17.33 billion in 2025.

North America dominated used-semi truck industry.

The growing development in the logistics sector coupled with increasing demand for cost-effective trucking solutions has driven the market growth.

Some of the prominent players of this industry consists of 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 and some others.

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