North America Used Truck Market 2014-2019 & 2024 by Tonnage Capacity, Fuel Type, Application Type, Country, Competition, Forecast & Opportunities - ResearchAndMarkets.com
The "North
America Used Truck Market By Tonnage Capacity, By Fuel Type, By
Application Type, By Country, Competition, Forecast & Opportunities,
2014-2024" report has been added to ResearchAndMarkets.com's
offering.
The North American used truck market is forecast to grow from $ 13.7
billion in 2018 to $ 20.5 billion by 2024, exhibiting a CAGR of 6.8%
during the forecast period, owing to their low cost when compared with
new trucks.
Increasing preference for advanced technologies such as automation
transmission is resulting in consumer focus towards new trucks; as a
result, used truck sellers are keeping the prices of these trucks low in
order to attract customers. Fleet owners are demanding more trucks to
handle rising freight demand, owing to increasing construction
activities and growing e-commerce industry across the region. Moreover,
North America Free Trade Agreement allows easy movement of goods in the
region. Thus, several companies have set up their automotive
manufacturing plants in Canada for producing and selling vehicles in the
United States.
North America Used Truck Market Segments
Based on the tonnage capacity, the North American used truck market can
be segmented into 3.5 tons to 7.5 tons, 7.5 tons to 16 tons, 16 tons to
30 tons and above 30 tons. Above 30 tons segment registered the highest
sales in the last few years and the trend is likely to continue during
the forecast period, on account of high mileage offered by the truck
segment. In terms of fuel type, used truck market in the region can be
categorized into diesel, petrol/gasoline, electric & hybrid and CNG.
Diesel trucks are the preferred choice in the region and the segment is
expected to witness high growth through 2024, owing to high fuel economy
and high torque. Trucks are used for a variety of applications including
logistics, construction and mining. Mining and logistics are the major
segments in the North American used truck market, backed by increasing
population and high demand for moving goods from one place to other.
Logistics application segment is anticipated to register strong growth
in the market in coming years, accounting for a one-third share in the
market.
North America Used Truck Market Regional Insights
In terms of regional analysis, the market for used trucks has been
segmented into the United States, Mexico and Canada. United States is
expected to dominate North America used truck market during forecast
period, owing to high demand for transferring goods.
North America Used Truck Market Competitive Landscape
Major companies operating in the North American used truck market
recorded high sales volume in the 2018 and the trend is likely to
continue during the forecast period. List of major market players
include Ford Motor Company, Freightliner Limited, AB Volvo, Navistar
International Corporation, Isuzu Motors Ltd, etc. Major companies are
developing advanced technologies and launching new products in order to
stay competitive in the market. Other competitive strategies include
mergers & acquisitions and new product developments.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. North America Used Truck Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Tonnage Capacity (3.5 tons to 7.5 tons, 7.5 tons to 16 tons,
16 tons to 30 tons and above 30 Tons)
5.2.2. By Fuel Type (Diesel, Petrol/Gasoline, Hybrid & Electric and CNG)
5.2.3. By Application (Logistic, Construction, Mining)
5.2.4. By Country
5.2.5. By Company (2018)
5.3. Market Attractive Index
6. United States Used Truck Market Outlook
6.1. Market Size & Forecast
6.2. Market Share & Forecast
6.3. Product Pricing
6.4. Market Attractive Index
7. Canada Used Truck Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. Product Pricing
7.4. Market Attractive Index
8. Mexico Used Truck Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
8.3. Product Pricing
8.4. Market Attractive Index
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Competitive Landscape (Partial List of Clients)
11.1. Freightliner Limited
11.2. Ford Motor Company
11.3. International
11.4. Paccar Inc.
11.5. Isuzu
11.6. Dodge
11.7. AB Volvo
11.8. Hino
11.9. Navistar International Corporation
12. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/cgvqwr
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