Used Car Market Growth Forecast 2024-2030: From USD 1,148.63 Billion to USD 2,059.62 Billion

12-08-2024: 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐨𝐫 𝐃𝐞𝐜𝐫𝐞𝐚𝐬𝐞 𝐟𝐨𝐫 𝐰𝐡𝐚𝐭 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐬 The used cars market size is expected to reach USD 2059.62 Bn in 2030. Used car market is going through huge technical transformation with the adoption of digital technology and the application of artificial intelligence to enhance the online shopping experience. Adoption of advanced technologies is expected to drive the used car market in forecast period. The market is also being influenced by other elements including local culture, certified vehicle programs, owner buyer transparency and developed or underdeveloped economy. The growing adoption of used electric and hybrid cars have become one of the major trends used car market in the last few years and is going to be a major segment in forecast period. The increased number of new Electric Vehicles (EVs) and hybrid cars

𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐀𝐆𝐑 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐢𝐨𝐧:

Used Car Market size was valued at USD 1148.63 Bn. in 2023 and the total revenue is expected to grow at 8.4% of CAGR through 2024 to 2030, reaching nearly USD 2059.62 Bn.
.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/97254/

𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

by Vehicle Type
Hatchback
Sedan
SUV

by Fuel Type
Petrol
Diesel
Others

According to fuel type, the majority of the worldwide used automobile market was accounted for by the petrol industry. This is because it's more affordable, quieter than diesel engines, and more widely available. But between 2024 and 2030, the other group is predicted to develop at the fastest pace of 10.0% because to higher emission requirements, more government policies and subsidies, and a move towards green mobility.

by Distribution Channel

Online
Offline

Online distribution has a significant market share in 2023 depending on distribution channel. In an effort to give their customers a better online shopping experience-including enhanced price transparency, the ease of purchasing from home, and a digital payment method-many businesses have started experimenting with online sales. For example, PSA Group's CEO, Carlos Tavares, stated in February 2019 that the company aims to grow its online sales from 6,000 units in 2018 to over 1,500% by the end of 2022.

by Vendor Type

Organized
Unorganized

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/request-sample/97254/

𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐫 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐰𝐡𝐢𝐜𝐡 𝐫𝐞𝐠𝐢𝐨𝐧𝐬??

The Transportation Management System (TMS) Market is greatly boosted by the critical role that transportation management systems play in supply chains. These systems impact every aspect of the process, from logistics and lifecycle management to planning and procurement. A strong system's wide and thorough visibility promotes more effective transportation planning and execution, which raises customer satisfaction. More sales follow, which further aids in the expansion of enterprises. We live and conduct business in such a dynamic global trade environment that it is critical to have a system that can successfully negotiate the challenging procedures around trade policies and compliance.

𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲:

Primary and secondary data collection methods were used to collect data. Primary interviews with experts in industries and suppliers have been conducted to understand and validate the key findings of report. Primary respondents include representatives from used car platforms and companies across the world. From secondary sources such as the EAMA, and paid databases such as Marklines, and other directories, and others. Details list of sources is given in the report wherever internal data is not used. The market size has been calculated using a bottom-up approach based on volume. At the regional level, primary and secondary sources have been used to calculate the estimated installation rate of advanced technologies. The market size in terms of value is calculated by multiplying the market size in

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/request-sample/97254/

𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. Asbury Automotive Group (US)
2. AutoNation Inc.(US)
3. CarMax Business Services, LLC(US)
4. Cox Automotive(US)
5. eBay Inc.(US)
6. Vroom Inc(US)
7. Group 1 Automotive Inc.(US)
8. Hendrick Automotive Group(US)
9. LITHIA Motor Inc.(US)
10. TrueCar, Inc.(US)
11. Sonic Automotive(US)
12. Droom Technology (India)

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞: https://www.maximizemarketresearch.com/market-report/global-used-car-market/97254/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

• What is 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• What is the growth rate of the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• Which are the factors expected to drive the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 market growth?
• What are the different segments of the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• What growth strategies are the players considering to increase their presence in 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• What are the upcoming industry applications and trends for the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• What major challenges could the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 face in the future?
• What segments are covered in the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• Who are the leading companies and what are their portfolios in 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• What segments are covered in the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 ?
• Who are the key players in the 𝐔𝐬𝐞𝐝 𝐂𝐚𝐫 market?

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Global Premium A2P and P2A Messaging Market https://www.maximizemarketresearch.com/market-report/global-premium-a2p-and-p2a-messaging-market/7232/

Global Healthcare Quality Management Market https://www.maximizemarketresearch.com/market-report/global-healthcare-quality-management-market/3688/

Global Bone Marrow Aspirate Concentrates (BMAC) Market https://www.maximizemarketresearch.com/market-report/global-bone-marrow-aspirate-concentrates-bmac-market/37078/

Global Dialysis Disposable Devices Market https://www.maximizemarketresearch.com/market-report/global-dialysis-disposable-devices-market/106788/

Global Automated Multi-Purpose Workstation https://www.maximizemarketresearch.com/market-report/global-automated-multi-purpose-workstation-market/100989/

Global Uro-Gynaecological Surgical Devices Market https://www.maximizemarketresearch.com/market-report/global-uro-gynaecological-surgical-devices-market/82678/

Viable Tumor Samples Market https://www.maximizemarketresearch.com/market-report/global-viable-tumor-samples-market/95170/

Global Hypothermia Cap Market https://www.maximizemarketresearch.com/market-report/global-hypothermia-cap-market/107669/

Global Granulocyte Macrophage Colony Stimulating Factor Market https://www.maximizemarketresearch.com/market-report/global-granulocyte-macrophage-colony-stimulating-factor-market/69429/

Global Rectopexy Mesh and Grafts Market https://www.maximizemarketresearch.com/market-report/global-rectopexy-mesh-and-grafts-market/94764/

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.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

This release was published on openPR.