Europe Used Truck Market Forecast by 2033

Market Size in 2024: USD 7.9 Billion
Market Forecast in 2033: USD 12.2 Billion
Market Growth Rate 2025-2033: 4.4%

The Europe used truck market was valued at USD 7.9 billion in 2024 and is projected to reach USD 12.2 billion by 2033, growing at a CAGR of 4.4% during 2025-2033. This growth is driven by the rising demand for cost-effective logistics solutions, expanding e-commerce, and favorable regulations encouraging fleet modernization and sustainable transportation.

Growth Drivers of the European Used Truck Market

Regulatory Push for Cleaner Fleets

Newly purchased trucks are required to meet stricter European emission standards Euro 7, which came into effect in April 2024, as well as lower limits for emissions and battery life applicable to heavy-duty vehicles. Fleet operators are obliged to purchase new trucks featuring cleaner and more efficient powertrains, and well maintained used trucks that comply with more recent emission standards will continue to provide businesses with an economical and regulatory compliant choice, which is increasingly popular and desirable with the ambition of climate-neutrality in Europe by 2050.

Digital Platforms Enhancing Transparency

Marketplaces and auctions made the used truck market more transparent and accessible. Potential buyers can see detailed listings. Potential buyers can obtain vehicle history reports. Potential buyers can virtually inspect their chosen units. Manufacturers like DAF and Volvo have launched their certified second-hand vehicle program, and offer guarantees and financing solutions to buyers. These programs can create confidence amongst customers and add value for businesses making cross-border payments between EU Member States, thus creating a more integrated market.

Growing Interest in Electric and Hybrid Trucks

The introduction of sustainability policies and the roll-out of charging infrastructure are also driving demand for second-hand electric and hybrid trucks. Logistics and urban delivery companies are turning to used electric trucks to help them meet their targets for reducing their emissions at lower cost. As European manufacturers ramp up their production of zero emission trucks to 30 models by 2025, the used truck market is starting to respond as more environmentally conscious private individuals and companies start looking for ways to reduce their diesel fuel costs.

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Europe Used Truck Market Segmentation

Analysis by Vehicle Type

• Light Trucks
• Medium-duty Trucks
• Heavy-duty Trucks

Analysis by Sales Channel

• Franchised Dealer
• Independent Dealer
• Peer-to-Peer

Analysis by End User

• Construction
• Oil and Gas
• Others

Analysis by Country

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Europe Used Truck Market News

• April 2024: Scania UK launched a new online sales platform, offering customers access to a wide selection of used vehicles across different grading bands.
• September 2024: DAF Trucks unveiled innovations in fuel efficiency, safety, and driver comfort for its New Generation trucks, alongside showcasing battery-electric models and charging solutions.
• March 2024: Volvo Trucks UK extended its warranty program for used trucks, allowing customers to expand driveline coverage from 12 months to up to 36 months.
• European truck manufacturers announced plans to mass-produce around 30 zero-emission truck models by 2025, boosting the availability of eco-friendly options in the used truck segment.
• Digital platforms across Europe expanded financing and virtual inspection services, streamlining cross-border used truck transactions.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.