Supply Chain Shifts Drive Used Semi Truck Market Boom

The global used semi-truck market is on a steady growth trajectory, driven by a confluence of factors such as rising freight demand, supply chain expansion, and affordability concerns within the logistics and transportation sectors. From 2018 to 2021, the market demonstrated a resilient performance, growing at a Compound Annual Growth Rate (CAGR) of 3.4%, even as new truck sales faced supply chain disruptions and cost volatility. Now, looking ahead, the market is forecast to expand further, reaching a total value of USD billion by 2030, with an expected CAGR of 5.1% between 2023 and 2030.

As global economies continue to digitize commerce and scale infrastructure, logistics providers are increasingly turning to pre-owned semi-trucks as a cost-effective, reliable, and flexible fleet solution.

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Market Overview

Used semi-trucks—also referred to as pre-owned or second-hand heavy-duty trucks—play a critical role in global transportation networks. These vehicles are predominantly used for long-haul freight, intercity logistics, and bulk transportation across industrial sectors. With rising fuel prices, regulatory shifts, and high inflation driving up new vehicle prices, used semi-trucks offer a compelling value proposition to small and mid-sized fleet operators, as well as owner-operators.

The increasing digitalization of used vehicle marketplaces, availability of certified pre-owned (CPO) trucks, and integration of telematics for fleet management are making the acquisition and operation of used trucks more attractive than ever before.

Key Growth Drivers

One of the primary drivers of growth in the used semi-truck market is cost efficiency. Compared to new trucks, which often require significant capital investment, used semi-trucks come with substantially lower upfront costs, allowing fleet operators to expand capacity without overextending their budgets.

Second, the supply chain delays and production backlogs faced by OEMs (original equipment manufacturers) in the aftermath of the COVID-19 pandemic and global semiconductor shortages have led many logistics companies to turn to the used vehicle market to meet urgent delivery demands.

Additionally, e-commerce growth and urban distribution expansion are putting pressure on logistics operators to scale fleets quickly. Many are opting for used trucks to add operational flexibility and maintain competitiveness in last-mile and regional freight delivery segments.

The increasing availability of financing and leasing options, even for used vehicles, has also removed traditional barriers to entry. Digital platforms are simplifying transactions, providing vehicle history transparency, warranty extensions, and access to nationwide inventory networks.

Future Trends

Over the next several years, several trends are expected to shape the evolution of the used semi-truck market. Digitization and online marketplaces will continue to dominate transactions, reducing information asymmetry and enabling easier price discovery and vehicle comparison.

The growth of certified pre-owned (CPO) programs, backed by OEMs and independent dealers, will build consumer trust by offering inspections, extended warranties, and post-sale support.

Environmental and regulatory pressures are also reshaping the used truck landscape. Fleet operators are increasingly seeking compliance with emission standards such as Euro VI and EPA 2027, prompting demand for newer, cleaner used models. As such, late-model semi-trucks with modern engines and telematics are fetching higher resale values.

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Industry Scope and Applications

Used semi-trucks are widely used across numerous industries and logistics applications. These include:

Long-Haul Freight Transportation
Short-Haul/Regional Distribution
Construction & Infrastructure Hauling
Retail and Consumer Goods Logistics
Food and Beverage Transportation
Energy and Resource-Based Industries (e.g., oil & gas, mining)

Both fleet operators and individual owner-operators benefit from the flexibility and affordability of acquiring second-hand trucks tailored to specific applications.

Market Challenges

Despite strong demand, the used semi-truck market faces several challenges. A major issue is the inconsistent quality and maintenance history of used trucks. Buyers may face significant repair and upkeep costs if vehicles are not adequately vetted prior to purchase.

Emission regulations and government mandates aimed at reducing carbon emissions are also making it harder for older diesel trucks to remain road-compliant, especially in Europe and North America. This is gradually shrinking the resale window for aging models.

Another persistent concern is market fragmentation, with inconsistent pricing standards and lack of centralized vehicle data across regions, which can hinder buyer confidence.

Regional Insights

North America remains the largest market for used semi-trucks, driven by a mature logistics sector and high vehicle turnover rates. The U.S., in particular, sees strong demand from independent drivers and fleet managers looking to acquire trucks quickly and affordably.

Europe is seeing moderate growth as countries push toward sustainable freight solutions. Late-model Euro VI-compliant trucks are in demand as fleets seek to balance cost and compliance.

Asia-Pacific is emerging as a fast-growing market, with India, China, and Southeast Asia seeing heightened interest in used heavy vehicles due to rapidly expanding logistics needs and a fragmented new vehicle market.

Latin America and Africa are also experiencing gradual growth, largely led by small-scale logistics players and informal freight operations who rely heavily on cost-effective transport solutions.

Market Segmentation

By Truck Type: Sleeper Cab Trucks, Day Cab Trucks, Refrigerated Trucks, Flatbed Trucks
By Application: Long-Haul, Regional/Short-Haul, Construction, Agriculture, Specialized Freight
By Sales Channel: Independent Dealers, OEM-Certified Dealerships, Online Marketplaces
By End User: Fleet Operators, Owner-Operators, Rental & Leasing Companies

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Key Players

Several companies and platforms are shaping the future of the used semi-truck market. Prominent names include:

PACCAR Inc. (through Kenworth and Peterbilt brands)
Daimler Truck North America (Freightliner)
Volvo Group (Volvo and Mack Trucks)
Navistar International Corporation (now part of Traton SE)
Ryder System, Inc. – Key player in used truck sales and leasing
Penske Used Trucks – Nationwide sales with inspection-backed offerings
TruckPaper, Commercial Truck Trader, and Ritchie Bros. – Dominant online sales and auction platforms