Precedence Research recently published a report on “Used Car Market Size, Share and Growth Analysis (By Vehicle Type: Conventional, Hybrid, and Electric; By Vendor Type: Unorganized and Organized; By Fuel Type: Diesel, Petrol, and Others; By Size: Mid-Size, Compact, and SUVs; By Sales Channel: Offline and Online) – Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030”. Amid the COVID-19 crisis, The global used car market size is projected to reach USD 2,120.5 billion by 2030 from an estimated USD 1,411.5 billion in 2020, at a CAGR of 6% from 2021 – 2030.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2030. This research report evaluates used car market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global used car market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
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Report Coverage:
| Report Scope | Details |
| Market Size | USD 2,120.5 Billion by 2030 |
| Growth Rate | CAGR of 6% From 2021 and 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Vehicle Type, Vendor Type, Fuel Type, Size, Sales Channel |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
| Companies Mentioned | CarMax Business Service LLC, Alibaba.com, Asbury Automotive Group, Hendrick Automotive Group, Scout24 AG, TrueCar Inc., Lithia Motor Inc., Group 1 Automotive Inc., AutoNation Inc., and eBay Inc. |
By vehicle type, electric vehicle witnessed the fastest growth rate over the forthcoming years because of shifting customer preference from conventional vehicles to electric-powered vehicles. In addition, the market growth for electric vehicles is also favored by the increasing number of government policies to promote the adoption of electric cars in order to curb the rate of pollution in the region. In accordance to the same, government of various regions are offering incentives and other tax benefits to promote the adoption of electric vehicles. Hence, the aforementioned factors propel the demand for electric vehicles in the coming years.
Based on fuel type, other segment expected to register prominent growth over the upcoming years due to large number of customers switching from conventional fuels to environment-friendly fuels such as CNG gas and electric-powered cars. This is mainly because of alarming rate of rise in the global pollution. In developing nations CNG gas powered vehicles have shown significant demand over the past few years and estimated to rise at the same rate in the near future.
On the basis of size, the global used car market has been classified into mid-size, compact, and SUVs. Compact sized vehicles are the most-preferred choice of customers in today’s era owing to scarcity of space. Hence, the compact size segment witnessed significant growth over the forecast period and also capture prominent revenue share in the present time.
Based on region, the Asia Pacific held the largest revenue share in the global used car market of approximately 36% in the year 2020. This is primarily because of large number of developing nations present in the region. In addition, the region accounted to hold the major share of middle-class population that also favors the significant demand of used cars in the region. China is the front-runner in the Asia region with the highest demand for used passenger cars.
Scope of the Study
This used car market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the used car market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the used car market includeCarMax Business Service LLC, Alibaba.com, Asbury Automotive Group, Hendrick Automotive Group, Scout24 AG, TrueCar Inc., Lithia Motor Inc., Group 1 Automotive Inc., AutoNation Inc., and eBay Inc. among others.
The global used car market research report classifies the market as follows:
By Vehicle Type
By Vendor Type
By Fuel Type
By Size
By Sales Channel
By Regional Outlook
Key Points Covered in used car market Study:
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Used Car Market, By Vehicle Type
7.1. Used Car Market, by Vehicle Type, 2021-2030
7.1.1. Conventional
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Hybrid
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Electric
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Used Car Market, By Vendor Type
8.1. Used Car Market, by Vendor Type, 2021-2030
8.1.1. Unorganized
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Organized
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Used Car Market, By Fuel Type
9.1. Used Car Market, by Fuel Type, 2021-2030
9.1.1. Diesel
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Petrol
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Used Car Market, By Size
10.1. Used Car Market, by Size, 2021-2030
10.1.1. Mid-Size
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Compact
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. SUVs
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Used Car Market, By Sales Channel
11.1. Used Car Market, by Sales Channel, 2021-2030
11.1.1. Offline
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Online
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Used Car Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.1.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.1.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Size (2017-2030)
12.1.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.1.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Size(2017-2030)
12.1.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.1.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.1.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.1.7.4. Market Revenue and Forecast, by Size (2017-2030)
12.1.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.2.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.2.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Size (2017-2030)
12.2.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Size (2017-2030)
12.2.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Size (2017-2030)
12.2.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Size (2017-2030)
12.2.8.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.2.9.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.2.9.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.2.9.4. Market Revenue and Forecast, by Size (2017-2030)
12.2.9.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.3.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.3.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Size (2017-2030)
12.3.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Size (2017-2030)
12.3.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Size (2017-2030)
12.3.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Size (2017-2030)
12.3.8.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.3.9.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.3.9.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.3.9.4. Market Revenue and Forecast, by Size (2017-2030)
12.3.9.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.4.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.4.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Size (2017-2030)
12.4.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Size (2017-2030)
12.4.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Size (2017-2030)
12.4.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Size (2017-2030)
12.4.8.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.4.9.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.4.9.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.4.9.4. Market Revenue and Forecast, by Size (2017-2030)
12.4.9.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.5.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.5.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Size (2017-2030)
12.5.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Size (2017-2030)
12.5.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)
12.5.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)
12.5.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)
12.5.7.4. Market Revenue and Forecast, by Size (2017-2030)
12.5.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)
Chapter 13. Company Profiles
13.1. CarMax Business Service, LLC
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Alibaba.com
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Asbury Automotive Group
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Hendrick Automotive Group
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Scout24 AG
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. TrueCar, Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Lithia Motor Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Group 1 Automoitve Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. AutoNation Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. eBay Inc.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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