According to Cognitive Market Research, the global Used Truck market size is USD 40258.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.
North America is the major market, accounting for more than 40% of global revenue. With a market size of USD 16103.28 million in 2024, it will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 12077.46 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 9259.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 2012.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa holds the market of around 2% of the global revenue with a market size of USD 805.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The light trucks holds the highest Used Truck market revenue share in 2024.
