A recent report by Markntel Advisors covers a detailed analysis of the North America Used Truck Market for the forecast period, 2023-28. Included in our research report on the market is our thorough study of the possible growth opportunities, as well as the market size and rate of growth. Our investigation also involves classifying the market based on various demographics such as income, age, gender, and others that may have a significant impact on your company. For instance, the market is extensively segmented based on: –
By Application
-Construction
-Mining
-Logistics
By Capacity
-3.5 tons to 7.5 tons
-7.5 tons to 16 tons
-Above 16 tons
By Fuel Type
-Diesel
-Petrol
-Gasoline/CNG
-Electric and Hybrid
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Report Coverage | Details |
---|---|
Study Period | Historical Data: 2018-21 |
Base Year: 2022 | |
Forecast Period: 2023-28 | |
CAGR (2023-2028) | 6.5% |
Country Covered | United States, Canada, Mexico |
Key Companies Profiled | Scania AB, AB Volvo, Kenworth, Freightliner Used Trucks, Cummins, Paccar, Peterbilt, International, Isuzu, Dodge, |
Unit Denominations | USD Million/Billion |
Market Dynamic –
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.
Growth Restraint: Concerns over Greenhouse Gas Emissions with Old Vehicles
As emission levels are gaining more focus of the governments to take stringent actions, restrictions & limitations on the use of older or used vehicles, including trucks, are witnessing a downfall in demand. In fact, the development of new vehicle models equipped with technologies like driveline traction control, automation transmission, anti-lock braking systems, air bags, and driver control monitoring, among others, is challenging the market for used trucks in North America.
Table of Content –
SWOT Analysis of the Business
Product development and pricing decisions can be made with confidence thanks to our market research report. By studying buying patterns, customer preferences, and willingness to pay, we pinpoint the most profitable products and pricing strategies. Ultimately, investing in our market research report is a smart financial decision that saves you both time and money.
In addition, our report delivers a detailed analysis of the market competitors, including prominent players, such as: –
-Scania AB
-AB Volvo
-Kenworth
-Freightliner Used Trucks
-Cummins
-Paccar
-Peterbilt
-International
-Isuzu
-Dodge
We investigate their market share, strengths, weaknesses, and strategies to assist you in identifying areas where you can gain a competitive edge. Besides our report also includes a SWOT analysis of the business, which can help you pinpoint the industry’s drivers, possible restraints, potential opportunities, and threats.
For Customization and More!
Our North America Used Truck market research report is tailored to your specific needs and goals, and we work closely with you to ensure that our analysis is relevant and actionable. At Markntel Advisors, we are committed to providing accurate and actionable acuities to help you make knowledgeable decisions for your business. Contact our analyst to learn more about our market research report and how it can benefit your business. We look forward to working with you to achieve your goals.
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