North America Used Truck Market Landscape: Comprehensive Size and Growth Analysis for 2023-2028

MarkNtel Advisors analyses the growth rate of the North America Used Truck market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the North America Used Truck market, helping them make informed decisions.

Market Outlook – 2023-2028:

The North America Used Truck Market is expected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28. Most of the market expansion would be propelled by the rapidly increasing number of construction and development projects across different countries in the region, backed by substantial government support and investments. It, in turn, is augmenting the demand for used trucks, which are easily available at affordable prices.

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Key Company Profiles

This report explores recent significant developments in the North America Used Truck Market, focusing on the leading companies and their innovative profiles. The major players in the North America Used Truck Market, featured in this report, include:

Scania AB
AB Volvo
Kenworth
Freightliner Used Trucks
Cummins
Paccar
Peterbilt
International
Isuzu
Dodge

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Market Segmentation Coverage

This research report by MarkNtel Advisors categorizes the North America Used Truck Market to forecast revenues and analyse trends across each of the following sub-markets:

By Application

Construction
Mining
Logistics

Among all, the construction application is anticipated to make substantial contributions to the expansion of the North America Used Trucks Market during 2023-28.

By Capacity

5 tons to 7.5 tons
5 tons to 16 tons
Above 16 tons

By Fuel Type

Diesel
Petrol
Gasoline/CNG
Electric and Hybrid

By Vehicle Type

Light Truck
Medium-duty Truck
Heavy-duty Truck

By Country

United States
Canada
Mexico

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What are the primary factors driving the growth of the North America Used Truck Market?

Expanding Transportation Industry throughout the Region

Backed with the improvement in the road connectivity and trade across different countries in the region, the transportation industry in North America is growing substantially and demonstrating a peaking demand for used trucks. As a result, key players are tapping these opportunities and widening their offerings, thereby generating substantial revenue and contributing to the overall growth trajectory of the market in the region.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.