North America Used Truck Market: Expanding at a CAGR of more than 6.5% during 2023-2028

Market Insights

As per recent research by MarkNtel Advisors, The North America Used Truck Market is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28.

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Key Driver: 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.

Market Segmentation and Consumer Behavior:

By Application

Construction
Mining
Logistics

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

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North America Used Truck Market Geographical Analysis:

By Country:

United States
Canada
Mexico

Key Players and Competitive Strategies in the North America Used Truck Market

Several prominent players dominate the North America Used Truck Market, including:

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

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Questions Addressed in this Study

1.What factors are driving the North America Used Truck Market growth?

2.How is the North America Used Truck Market expected to grow over the next five years?

3.What are the key insights into the current trends in the North America Used Truck Market?

4.What is the current size of the North America Used Truck Market, and how is it projected to change in the future?

5.What is the future outlook for the North America Used Truck Market in terms of technological advancements and market expansion?

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