North America Used Truck Market to Surpass USD 24.43 Billion by 2030

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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, cites MarkNtel Advisors in the recent research report. This growth is predominantly driven by the surge in construction and infrastructure development projects across the region, accompanied by increasing investments from both government and private sectors. As the demand for logistics and transportation services escalates, the need for cost-effective and readily available transportation solutions like used trucks is witnessing substantial growth.

Moreover, advancements in truck technology are prompting fleet owners to upgrade to newer models, thereby increasing the availability of well-maintained, feature-rich used trucks in the market. These upgraded vehicles often offer modern safety systems, improved fuel efficiency, and enhanced connectivity, making them attractive options for price-conscious buyers. Furthermore, a rising awareness among contractors and logistics providers about the value proposition of used trucks is creating lucrative opportunities for players in the market. Additionally, the emergence of flexible ownership models such as “pay-as-you-go” and rental services is reshaping buyer preferences, adding advance momentum to market growth, further states the research report, “North America Used Truck Market Analysis, 2025.”

North America Used Truck Market Segmentation Analysis

Heavy-Duty Vehicles to Dominate the North America Used Truck Market

Based on the Vehicle Type segment, the market is further bifurcated into, Light Vehicles, Medium Duty Vehicles, and Heavy-Duty Vehicles.

Among these, Heavy-Duty Vehicles are anticipated to hold the largest market share during 2025–30. This dominance stems from the booming transportation and logistics industry across North America, largely fueled by intensifying cross-border trade and growing e-commerce demands. With the massive movement of goods requiring high-capacity vehicles, heavy-duty used trucks present a cost-effective and efficient solution for logistics companies.

Mexico to Lead the Industry in Upcoming Years

Mexico is projected to acquire the majority of shares in the North America Used Truck Market. With its economy significantly reliant on cross-border trade and an expanding transportation network, the demand for used trucks is increasing steadily. Several global and regional players are capitalizing on this opportunity by investing in Mexico’s used truck market, aiming to capture new revenue streams and expand their customer base in the region.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Scania AB, AB Volvo, Kenworth, Freightliner Used Trucks, Cummins, Paccar, Peterbilt, International, Isuzu, Dodge, and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?