GLOBAL USED VEHICLE MARKET RESEARCH REPORT, 2023-2030
Market Value:
• 2021 = USD 975.08 Billion
• 2028 = USD 1726.03 Billion
• CAGR = 8.5 %
Date Published: June 2023
Publisher: Introspective Market Research
Annual Market Size and Forecast
Technological Roadmap & Regulatory Landscape
Analysis on type and applications
Industry Value Chain Analysis
Analysis on Major Trends
Key strategies by Top Market Players
Market Share Analysis 2021
Used Vehicle Market - Growth, Trends, Covid-19 Impact, and Forecast (20232030)
Global Used Vehicle Market was valued at USD 975.08 billion in 2021 and is expected to reach USD 1726.03 billion by the year 2028, at a CAGR of 8.5%.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices," "certified" used cars, and extended service plans or warranties. The growth of the Internet has fueled the availability of information on the prices of used cars. This information was once only available in trade publications that dealers had access to. There are now numerous sources, such as online appraisal tools and internet classified ads, for used car pricing.
Key Industry Players in Used Vehicle Market:
• Alibaba Group
• Vroom
• OLX
• Cars24
• Autotrader (Cox Automotive)
• TrueCar
• Truevalue
• First choice
• Maruti Suzuki India Ltd.
• PenskeCars (Penske Automotive Group)
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The latest research on the Used Vehicle market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Used Vehicle industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Used Vehicle market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in
mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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The Report Will Contains A Crucial Chapter:
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter’s Five Forces Analysis
• Pestle Analysis
• SWOT Analysis
Segmentation Analysis Includes,
By Type:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
By Vehicle Age:
• 0-5
• 6-10
• 11-15
• 15 Years & Above
By Fuel Type:
• Petrol
• Diesel
• Natural Gas
• Others
By Region:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Our Used Vehicle market report ensures accuracy by conducting a precise examination of the industry. We establish a robust foundation for our findings through extensive utilization of primary and secondary sources. To enhance the depth of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis. Studying the complete Used Vehicle market ecosystem, our study elaborates the interdependencies and functions of various market stakeholders. Through extensive segmentation analysis and comprehensive geographical coverage, we facilitate a profound comprehension of regional trends. Furthermore, we carefully analyse external factors that impact market dynamics. A key aspect of our report is the comprehensive company profiles and competitive analysis. This provides invaluable insights into market players' market role, overview, operating business segments, products, and financial performance. By evaluating crucial metrics like production volume, sales volume, and sales margin, we offer a comprehensive understanding of their market position.
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Important Features of the reports:
• Potential and niche segments/regions exhibiting promising growth.
• Detailed overview of Market
• Changing market dynamics of the industry
• Detailed segmentation of the market by type, application, etc.
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape of Market
Table of Content:
1.5
Chapter
3.2
4.3.2
4.3.3
4.5.4
4.4
4.5
4.6
4.7
4.8
4.9
4.10
4.10.1
4.10.2
4.10.3
4.10.4
5.1
5.2
5.3
5.3.1
5.3.2
5.3.3
5.3.4
5.4
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Light Commercial Vehicle: Grographic Segmentation
5.5 Heavy Commercial Vehicle
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Heavy Commercial Vehicle: Grographic Segmentation
Chapter 6: Used Vehicle Market by Vehicle Age
Continued….
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Terms of Use:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Top-down and bottom-up approaches are used to validate the global market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
