The increased focus of the customers toward automation and inclusion of new technologies in trucks such as driveline traction control, automation transmission, anti-lock braking systems, air bags, and driver control monitoring is expected to boost the demand for new trucks during 2020-25. However, the demand for old trucks is anticipated to surge in the coming years due to the low prices of the used trucks. With the implementation of greenhouses gases (GHG) for less fuel emission and fleet replacement cycle 2018-19, the demand for used trucks is estimated to intensify in the coming years. Moreover, the dealers and distributors have started renting out used trucks and opting for “pay as use” model especially for short-term construction and mining projects to further improve the sales of North America used trucks.
According to the MarkNtel Advisors’ research report titled “North America Used Truck Market Analysis, 2020”, the CAGR of North America Used Truck market is expected to be around 6.5% during 2020-25 due to its relatively low cost as compared to the new trucks. In 2019, the tonnage capacity segment the above 30 tons’ segment is projected to witness high demand due to the fuel efficiency and mileage. In the type of fuel used, diesel is mostly preferred by the owners, however, hybrid and electric segment would surge due to the customer’s traction toward fuel efficiency.
According to the MarkNtel Advisors’, the major leading players in the market are Scania AB, Isuzu Motors, Kenworth, Peterbilt, Freightliner Used Trucks, Cummins, Paccar, International, Isuzu, Dodge, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of North America Used Trucks Market during 2020-25?
A. The market size of North America Used Trucks Market during 2020-25 is forecast to be around 6.5%.
Q. Which type of North American Used Trucks would grab the highest market share during 2020-25?
A. It is forecast that the heavy truck will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in North America Used Trucks Market?
A. Scania AB, Isuzu Motors, Kenworth, Peterbilt, Freightliner Used Trucks, Cummins, Paccar, International, Isuzu and Dodge are few of the leading players in the North America Used Trucks Market.
Q. Does the report scope cover North American Used Trucks tonnage and country wise market statistics also?
A. Yes, the scope of the report encompass detailed North American Used Trucks tonnage and country wise statistics such as market size, market segmentation based on various subcategories.
Q. What Tonnage capacity of trucks would grab the highest market share during 2020-25?
A. It is forecast that the tonnage capacity segment of above 30 tons’ segment is projected to witness high demand due to the fuel efficiency and mileage therefore it will dominate the market with majority market share, with market size registering considerably higher CAGR.
