Saudi Arabia Used Truck Market Size, Share & Forecast 2025-2033

Market Overview 2025-2033

Saudi Arabia used truck market size reached USD 429.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 608.2 Million by 2033, exhibiting a growth rate (CAGR) of 3.9% during 2025-2033. The market is expanding due to growing demand from logistics, construction, and small businesses seeking cost-effective transportation solutions. Economic diversification, infrastructure projects, and increased online platforms for vehicle trading are driving growth. The industry remains dynamic and competitive, with rising interest in certified and well-maintained pre-owned trucks.

Key Market Highlights:

✔️ Strong market growth driven by increasing demand for cost-effective commercial transportation
✔️ Rising preference for well-maintained, fuel-efficient, and certified pre-owned trucks
✔️ Expanding digital platforms and dealer networks enhancing market transparency and accessibility

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Saudi Arabia Used Truck Market Trends and Drivers:

The Saudi Arabia used truck market is booming. This surge is due to the Kingdom's large infrastructure projects. Initiatives like NEOM, the Red Sea Project, and Qiddiya need strong logistics support. Heavy-duty trucks are essential for transporting materials, machinery, and workers. New truck prices are high because of supply chain issues and inflation. As a result, businesses, especially small and medium enterprises (SMEs), are looking to the used truck market. They need cost-effective solutions for their operations. The demand for used trucks with strong payload capacities, like dump trucks and flatbeds, has increased by about 18% in 2024.

This rise shows the need to keep up with project schedules. Government initiatives under Vision 2030 aim to localize construction and logistics. These efforts encourage fleet expansions, boosting the market. However, buyers face challenges like changing fuel prices and finding well-maintained used trucks. Saudi Arabia is shifting its focus to economic diversification under Vision 2030. This effort has boosted non-oil industries like mining, agriculture, and e-commerce, all of which depend on strong transportation networks. The mining sector has seen a 25% rise in demand for used heavy-duty trucks in 2024.

Used light-duty trucks are now popular among logistics companies. They help these companies grow without spending too much. Rising consumer expectations for quick deliveries and the growth of warehouses in cities like Riyadh and Jeddah support this trend. However, the market faces challenges due to strict emissions rules, which are phasing out older, less efficient trucks. Stringent environmental regulations introduced in 2024 are reshaping the Saudi used truck market. The Saudi Green Initiative sets stricter emissions standards. This forces fleet operators to swap out older diesel trucks for newer models.

As companies upgrade, the supply of used trucks has risen. Buyers now prefer vehicles made after 2018 to meet Euro 5 or similar emission rules. Sustainability trends are also driving interest in retrofitting used trucks with greener technologies, like exhaust gas recirculation (EGR) systems. The government aims to cut carbon footprints and offers tax incentives for buying low-emission used trucks. This creates a competitive market for sellers. Still, high retrofitting costs and a lack of newer second-hand models pose challenges for budget-conscious buyers. The Saudi used truck market is changing. Consumer preferences and economic shifts are driving this transformation.

In 2024, a major trend is the rise of certified pre-owned (CPO) trucks. These trucks come with warranties and quality guarantees, helping to build trust between buyers and sellers. Dealerships are teaming up with manufacturers to create CPO programs. This boosts market transparency and attracts small and medium enterprises (SMEs) looking for reliability. Another trend is the growth of digital platforms for used truck sales. Online marketplaces have seen a 30% increase in transactions year-on-year. These platforms use AI-driven valuation tools and virtual inspections to simplify the buying process for tech-savvy customers.

This demand is mainly for off-road and rugged models needed for remote work. The e-commerce surge has also increased the need for last-mile delivery vehicles. Demand is mainly in the Central and Eastern regions, fueled by industrial activities and port operations. However, the market still faces challenges like uneven inventory quality and financing issues, as banks are cautious about lending for used commercial vehicles. Looking ahead, using blockchain for tracking vehicle history and expanding rental-to-own models could reshape the market. These changes align with Saudi Arabia's Vision 2030 goals and promise sustained growth.

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Saudi Arabia Used Truck Market Segmentation:

The report segments the market based on product type, distribution channel, and region:

Study Period:
Base Year: 2024
Historical Year: 2019-2024
Forecast Year: 2025-2033

Breakup by Vehicle Type:

• Light Trucks
• Medium-Duty Trucks
• Heavy-Duty Trucks

Breakup by Sales Channel:

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

Breakup by End User:

• Construction
• Oil and Gas
• Others

Breakup by Region:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

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Competitive Landscape:

The market research report offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, top winning strategies, a competitive dashboard, and a company evaluation quadrant. Additionally, detailed profiles of all major companies are included.

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This release was published on openPR.