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The report covers North America Used Truck Market Outlook and the market is Segmented by Vehicle Type (Light-duty Truck, Medium-duty Truck, and Heavy-duty Truck) and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.
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The Heavy Duty Trucks Market Report is Segmented by Tonnage Type (10 To 15 T and More Than 15 T), Class (Class 7 and Class 8), Propulsion Type (Diesel, Battery-Electric, and More), Application (Construction and Mining, and More), Truck Body Type (Tractor-Trailer, and More), Sales Channel (OEM, and More), and Geography (North America, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).
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United States Pickup Truck market was valued at USD 22.48 Billion in 2024 and is expected to reach USD 34.35 Billion by 2030 with a CAGR of 7.32%.
| Pages | 85 |
| Market Size | 2024: USD 22.48 Billion |
| Forecast Market Size | 2030: USD 34.35 Billion |
| CAGR | 2025-2030: 7.32% |
| Fastest Growing Segment | Mid-Sized Pickup Truck |
| Largest Market | South |
| Key Players | 1. Ford Motor Company 2. General Motors Holdings LLC 3. STELLANTIS N.V. 4. Toyota Motor Corporation 5. Nissan Motor Co., Ltd. 6. Honda Motor Co., Ltd. 7. Tesla, Inc. 8. Rivian Europe B.V. 9. Workhorse Group, Inc. 10. Mitsubishi Motors Corporation |
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The global truck market is booming, projected to reach [estimated 2033 market size in millions] by 2033, with a CAGR of 7.40%. This comprehensive analysis explores market drivers, trends, restraints, and segmentation across tonnage, class, fuel type, and application, featuring key players like PACCAR and Daimler. Discover regional insights and growth forecasts for North America, Europe, and Asia-Pacific. Recent developments include: November, 2022: The Volvo Group, Mack Trucks' parent company, and Pilot Company have agreed to establish public charging infrastructure for medium- and heavy-duty customers in North America. Pilot Company will install high-performance charging infrastructure at select Pilot and Flying J travel centers across the United States, while The Volvo Group will provide expertise in determining which locations should be prioritized for charging infrastructure based on current and anticipated BEV truck adoption, customer charging requirements, and funding availability from the federal and state governments., September, 2022: At its plant in Sete Lagoas, Brazil, Iveco announced the commencement of the production of its Hi-Way heavy truck with a natural gas (CNG) powertrain. The truck is powered by a 460 horsepower FPT Cursor 13 engine with six cylinders. Meritor supplied the Hi-Way's rear axle, and the ZF Traxon gearbox has 12 speeds., March, 2022 : The three leading commercial vehicle manufacturers, Traton Group, Daimler Truck, and Volvo Group, signed a binding agreement to create a joint venture (JV) to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks, and coaches across Europe.. Key drivers for this market are: Increasing Demand For Electric Vehicles is Anticipated to Boost the Market. Potential restraints include: High Cost Associated with Electric Vehicles is Anticipated to Restrain the Growth of the Market. Notable trends are: Hybrid and Electric Heavy-duty Trucks to Have Positive Impact on the Market.
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North America Used Truck Market size valued at USD 16.1 Bn in 2024, projected to reach USD 24.43 Bn by 2030, growing at 7.20% CAGR during 2025-30.
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Discover the booming global pickup truck market forecast to 2033! This in-depth analysis reveals key trends, growth drivers (e-commerce, recreation), restraints (emissions, fuel costs), and regional market shares, featuring major players like Ford, GM, and Toyota. Explore the future of full-size and small/midsize pickups.
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North America Used Truck market size is estimated at USD 16103.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
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The Global Truck Market was valued at USD 853.01 Billion in 2024 and is expected to reach USD 1159.54 Billion by 2030 with a CAGR of 5.25% during the forecast period.
| Pages | 188 |
| Market Size | 2024: USD 853.01 Billion |
| Forecast Market Size | 2030: USD 1159.54 Billion |
| CAGR | 2025-2030: 5.25% |
| Fastest Growing Segment | Class 8 |
| Largest Market | North America |
| Key Players | 1. Daimler Truck AG 2. Volvo Group 3. PACCAR Inc 4. MAN TRUCK & BUS SE 5. Scania CV AB 6. International Motors, LLC 7. ISUZU MOTORS LIMITED 8. Hino Motors, Ltd 9. Ford Motor Company 10. Tata Motors Ltd |
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The size of the Used Semi Truck Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of XXX % during the forecast period.
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TwitterThe global electric truck market is projected to reach over **** billion U.S. dollars in size by 2030, with a compound annual growth rate of around ***** percent between 2023 and 2030. In 2023, this market was worth around ****** million U.S. dollars.
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The US tanker truck market is booming, projected to reach $10.7B in 2025 and grow at a 5.03% CAGR. Explore market trends, key players (Freightliner, Iveco, Scania), segmentation data, and future growth forecasts in this comprehensive analysis. Recent developments include: In December 2023, Trina Solar, a provider of intelligent solar solutions, introduced its latest lineup of Trina-branded trucks to transport photovoltaic (PV) modules for large-scale solar projects across the United States., This initiative signifies the initial stage of Trina's fleet strategy, with plans underway to transition to electric vehicles for deliveries starting in 2024. Currently, Trina utilizes its Trina Truck for the delivery of materials to over 35% of its utility projects, with sightings of these trucks on major highways across more than ten states in the United States., In April 2023, Daimler Truck, a manufacturer of commercial vehicles, unveiled Rizon, a new brand of medium-duty electric trucks specifically designed for the US market.. Key drivers for this market are: Increased Vehicle Sales to Fuel Market Growth. Notable trends are: Between 1, 000 Gallons and 4, 000 Gallons Tanker Truck is Dominating the Market.
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TwitterMedium-duty trucks are projected to make up over ** percent of the global electric truck fleet by 2026, at over ******* units in use worldwide. This share of the market remains constant compared to 2019, when medium electric commercial vehicles amounted to ** percent of the total fleet. Heavy-duty trucks are forecast to record a faster growth, however, with a projected compound annual growth rate between 2020 and 2026 of ***** percent.
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The global boom truck market is booming, projected to reach [estimated 2033 market size in millions] by 2033, driven by infrastructure development and technological advancements. This comprehensive analysis explores market size, CAGR, key players (Terex, Manitowoc, Tadano), and regional trends. Discover insights into growth drivers, restraints, and future market forecasts.
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The UK truck market expanded sharply to $7.6B in 2024, picking up by 8.5% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $8.7B in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.
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The global pickup truck market, valued at $183,610 million in 2025, is projected to experience steady growth, driven by robust demand in developing economies and increasing construction and infrastructure activities globally. A compound annual growth rate (CAGR) of 3.2% from 2025 to 2033 indicates a sustained expansion, although the rate may fluctuate year-to-year based on economic conditions and technological advancements. Key growth drivers include the rising popularity of versatile pickup trucks for both personal and commercial use, the increasing preference for fuel-efficient models, and advancements in safety features and infotainment technology. Furthermore, the expansion of e-commerce and last-mile delivery services contributes significantly to demand, particularly in urban and suburban areas. However, stricter emission regulations and rising raw material costs present challenges to the industry. Competition among established players like Ford, GM, Toyota, and emerging brands from regions such as China (Great Wall Motors, Jiangling Motors) is intensifying, leading to innovative product development and pricing strategies. The segmentation within the pickup truck market shows a diversified landscape, with various truck sizes, body styles (single cab, double cab), and engine types catering to specific customer needs. The regional distribution of the market likely shows strong presence in North America and other established automotive markets, with emerging markets in Asia and Latin America demonstrating significant growth potential. To maintain competitive advantage, manufacturers are focusing on fuel efficiency, advanced driver-assistance systems (ADAS), connectivity features, and alternative powertrain technologies, including hybrid and electric vehicles, to meet evolving consumer preferences and environmental regulations. The market’s forecast beyond 2033 is highly dependent on factors including global economic stability, infrastructure development plans, and government policies related to vehicle emissions and fuel efficiency.
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The U.S. truck market rose sharply to $62.2B in 2024, surging by 12% against the previous year. Overall, consumption, however, recorded a abrupt setback. Truck consumption peaked at $340B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.
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The global truck market expanded to $503.3B in 2024, growing by 4.5% against the previous year. Overall, consumption, however, showed a mild reduction. Over the period under review, the global market reached the maximum level at $725.7B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.
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The Canadian truck market dropped to $32.6B in 2024, approximately reflecting the previous year. Overall, consumption showed a relatively flat trend pattern. Truck consumption peaked at $53.5B in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.
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The Connected Truck Marketsize was valued at USD 17.90 USD Billion in 2023 and is projected to reach USD 22.77 USD Billion by 2032, exhibiting a CAGR of 3.5 % during the forecast period. Key drivers for this market are: Increasing Demand for Forged Products in Power, Agriculture, Aerospace, and Defense to Drive Industry Expansion. Potential restraints include: Limited Network Infrastructure to Hamper the Market's Growth . Notable trends are: Rising Adoption of Automation in Manufacturing to Drive Market Growth.
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U.S. trucks industry generated USD 800.8 billion revenue in 2024 and is projected to surpass USD 1091.6 billion by 2032, progressing at a CAGR of 4.1%.
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The report covers North America Used Truck Market Outlook and the market is Segmented by Vehicle Type (Light-duty Truck, Medium-duty Truck, and Heavy-duty Truck) and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.