Press release
Used Car Market to reach USD 1,858.6 Bn by 2029, Technological Advancements and Growth Opportunities
Used Car Market
Used Car Market Report Scope and Research Methodology
The used car market is undergoing a technological transformation with the adoption of digital technology and artificial intelligence to enhance the online shopping experience. This, along with the increasing adoption of used electric and hybrid cars, is driving the growth of the used car market.
The report used primary and secondary data collection methods to collect data. Primary interviews with experts in the industry and suppliers have been conducted to understand and validate the key findings of the report. Primary respondents include representatives from used car platforms and companies across the world. From secondary sources such as EAMA and paid databases such as Marklines and other directories, details list of sources is given in the report wherever internal data is not used.
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https://www.maximizemarketresearch.com/market-report/global-used-car-market/97254/
Used Car Market Dynamics
The market dynamics of the used car market are expected to be influenced by factors such as the high preference for used cars compared to new ones, the growth of online sales channels, and strict regulations by governments regarding passenger safety.
SUVs are gaining traction in the used car market after performing well in the new car market. Pre-owned car sales are expected to reach 4.2-4.4 Mn units in FY22, up from 3.8 Mn units in FY21. The report has covered the analysis of the local market by country with market size and share of local organized players.
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Used Car Market Regional Insights
The report also provides insights into the market size and growth rates of different regions. The market is influenced by local culture, certified vehicle programs, owner-buyer transparency, and developed or underdeveloped economies.
Used Car Market Segmentation
By Vehicle Type:
• Hatchback
• Sedan
• SUV
By Fuel Type:
• Petrol
• Diesel
• Others
By Distribution Channel:
• Online
• Offline
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Used Car Market Key Competitors include:
•Asbury Automotive Group (US)
• AutoNation Inc.(US)
• CarMax Business Services, LLC(US)
• Cox Automotive(US)
• eBay Inc.(US)
• Vroom Inc(US)
• Group 1 Automotive Inc.(US)
• Hendrick Automotive Group(US)
• LITHIA Motor Inc.(US)
• TrueCar, Inc.(US)
• Sonic Automotive(US)
• Droom Technology (India)
• Trusty Cars Pte. Ltd (UK)
• Alibaba.com (China)
• Scout24 AG (Germany)
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Table of Content for Used Car Market
Global Used Car Market: Research Methodology
Global Used Car Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Used Car Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Used Car Market Segmentation
Global Market, by Vehicle Type (2021-2029)
Global Market, by Fuel Type (2021-2029)
Global Market, by Distribution Channel (2021-2029)
Regional Used Car Market (2021-2029)
Regional Market, by Vehicle Type (2021-2029)
Regional Market, by Fuel Type (2021-2029)
Regional Market, by Distribution Channel (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Know More About The Report:
https://www.maximizemarketresearch.com/market-report/global-used-car-market/97254/
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Vehicle Type, Fuel Type and Distribution Channel
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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