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:
Currently, the Europe used truck industry is growing at a steady rate due to the combined effect of low-cost logistics solutions and the immense development of infrastructure. The demand for pre-owned trucks is increasing as businesses seek to reduce fleet management costs but have no lower reliability and performance standards. In particular, logistics companies are seeing used trucks as an important alternative to newly acquired ones, thus optimizing their own funds to meet the flexibility of changing needs by the transport sector. The ongoing e-commerce booming business in Europe accelerates this demand with the pressing need for efficient freight movement. Used trucks are turning to be a good investment as companies seek to streamline their supply chains to cut operational costs. The drive towards sustainability has also enhanced market prospects, therefore promoting the acquisition of modernized pre-owned vehicles with stringent emission standards.
At the same time, to sustain the strong demand for used trucks, a favorable regulatory climate and government incentives are allowing growth in this direction. Many European nations have historically enacted regulations that encourage fleet modernization, granting offers of tax breaks and subsidies to companies that upgrade to more fuel-efficient vehicles. This creation of policy is stimulating the investments of second-hand trucks with more recent emission norms aligned with its sustainability objectives. Besides, the construction and agriculture sectors that have always used trucks for low-cost and ruggedness are also major demand drivers in the existing market. As industries in these sectors crank up operations to tap ever-more rising consumer demand and infrastructure needs, sales of used trucks are becoming a central part of their procurement strategies.
Regionally, markets such as Germany, France, and the United Kingdom witness the highest growth rates within the European used truck sector. These countries host some of the largest logistics networks and transport hubs within the region, thus providing a steady supply of pre-owned trucks that are fast moving. The presence of well-established truck dealers both online and offline further promotes the growth of the market by availing used trucks to a wider array of end users. The ongoing refurbishments of the digital platforms for used truck sale transactions are further making it easier for businesses to search for, inspect, and purchase pre-owned vehicles. As the transactions would progress, the market is likely to grow steadily, providing enough opportunity for the truck makers and the third-party dealers across Europe.
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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
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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