Used Truck Market Projected to Reach $70.74 Billion by 2031

Modern logistics and infrastructure development are the primary engines behind this growth. In North America, the surge in e-commerce has heightened demand for light-duty trucks, while companies increasingly trade in older diesel models to comply with tightening environmental regulations. This cycle of fleet renewal is providing a consistent supply of inventory to the secondary market.

Across Asia-Pacific, particularly in India and Southeast Asia, heavy-duty vehicle turnover is accelerating due to large-scale infrastructure projects. As these projects conclude, mid-life trucks are frequently entering the secondary channel, offering cost-effective options for smaller construction firms. Digital marketplaces are further standardizing these transactions, making it easier for buyers to compare vehicle conditions and pricing across borders. According to Phani Kumar, a senior research manager at Mordor Intelligence, the firm utilizes a structured framework to track these regional dynamics, providing a clearer evidence base for industry stakeholders navigating the evolving supply chain.