Used Truck Market to Reach USD 70.74 Billion by 2031 as Digital Auctions and Fleet Renewal Reshape the Secondary Market, Reports Mordor Intelligence

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Oct 08, 2026, 10:14 ET

HYDERABAD, India, Oct. 8, 2026 /PRNewswire/ -- According to the latest report by Mordor Intelligence, used truck market size is projected to grow from USD 55.38 billion in 2026 to USD 70.74 billion by 2031, registering a CAGR of 5.02%. This growth is being supported by changing fleet replacement strategies, tighter emissions regulations, and the increasing use of digital channels for buying and selling used trucks. While heavy-duty trucks continue to account for a major share of the market, growing last-mile delivery activity is creating stronger demand for lighter truck categories. Digital marketplaces are also making vehicle comparisons and transactions easier, while certified pre-owned programs are helping improve confidence among buyers. Regulatory differences across regions are further influencing the availability, pricing, and movement of used trucks in the secondary market.

Used Truck Market Trends and Drivers

Rising E-Commerce Deliveries in North America Boost Demand for Used Light-Duty Trucks

The growth of parcel deliveries is encouraging carriers to expand local distribution networks and use smaller trucks for faster urban deliveries. At the same time, stricter emissions requirements are pushing fleets to replace older diesel vehicles, increasing the availability of used trucks for buyers. Growing interest in electric delivery vehicles is also adding more variety to the secondary market, while light-duty trucks remain attractive because of their lower upfront cost and practical fit for last-mile operations.

Infrastructure Development Across India and ASEAN Accelerates Heavy Used-Truck Turnover

Infrastructure development across India and Southeast Asia is supporting demand for heavy trucks, with vehicles from completed projects gradually entering the used market. Shorter fleet cycles can bring well-maintained, mid-life trucks into the secondary channel, creating affordable options for smaller construction businesses. Scrappage initiatives are also helping remove older vehicles while supporting demand for newer used trucks. Similar infrastructure activity in Indonesia and Vietnam is adding to the supply of reliable heavy-duty vehicles.

"Mordor Intelligence applies consistent market definitions, cross-checked data, and a structured forecasting framework to assess used-truck demand, segments, and regional dynamics, providing decisionmakers with a clear basis for comparing market evidence," says Phani Kumar, Senior Research Manager, Mordor Intelligence.

Used Truck Market Share by Region

North America continues to see steady used-truck activity as e-commerce expands and fleets update vehicles to meet changing emissions requirements. While improved new-truck availability is helping buyers, smaller operators continue to choose used models to manage costs. Online auctions are also widening access to trucks beyond local markets, while established financing options support smoother transactions.

Asia-Pacific remains a key hub for the used truck market, supported by strong infrastructure activity across India and Southeast Asia. Trucks are moving more frequently into the secondary market as fleets renew their assets, while China's shift toward electric vehicles is encouraging earlier resale of diesel models. Digital auction platforms are also making cross-border transactions easier, strengthening the region's role as both a major demand center and an important supply source.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/used-truck-market?utm_source=prnewswire

Used Truck Industry Segmentation

By Vehicle Type

Light Trucks (Class 3-5)
Medium-Duty Trucks (Class 6-7)
Heavy-Duty Trucks (Class 8 and Over 15 t)

By Fuel Type

Diesel
Gasoline
Natural Gas and LPG
Hybrid and Battery-Electric

By Age Bracket

Up to 3 Years
4 to 7 Years
8 to 12 Years
Above 12 Years

By Vehicle Class

Class 3
Class 4
Class 5
Class 6
Class 7
Class 8

By End-use Industry

Construction and Infrastructure
Logistics and E-commerce Delivery
Mining and Quarrying
Agriculture and Forestry
Municipal and Utilities
Others

By Sales Channel

Independent Dealer
Franchised Dealer
OEM-Backed Certified Pre-Owned
Online Peer-to-Peer and Auction

Used Truck Industry Companies

Daimler AG (SelecTrucks)
PACCAR Inc.
Volvo Group
Scania AB
MAN Truck and Bus SE Truck and Bus SE
Navistar International Corp.
Tata Motors
Ashok Leyland
Isuzu Motors
Hino Motors
Mitsubishi Fuso Truck and Bus Corp.
Eicher Motors (VECV)
Iveco Group N.V.
Ford Otosan
Sinotruk (CNHTC)
FAW Jiefang
Dongfeng Commercial Vehicles
UD Trucks
Penske Used Trucks
Enterprise Truck Rental
Ryder Used Vehicle Sales
AmeriQuest Used Trucks
Copart Inc.
Ritchie Bros. Auctioneers
Mascus
TruckPlanet (IronPlanet)
AutoNation USA
OLX Autos Commercial

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SOURCE Mordor Intelligence Private Limited