Used Car Market size was valued at USD 974.9 Bn. in 2021 and the total revenue is expected to grow at 8.4% of CAGR through 2022 to 2029, reaching nearly USD 1,858.6 Bn.
Used Car Market Overview
The new market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Used Car Market suppliers in the forecast period through 2029. The Maximize Market Research, an Used Car market research firm, has served more than 600 clients across the world since 2017.
Market Scope
The report provides current Used Car market trends and regional insights in terms of demand, supply, and sales, as well as recent changes in the market. The Used Car market report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The Used Car market report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in this global Used Car market research report.
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Key Segments Covered In Used Car Industry Analysis :
According to vehicle type, the SUV segment is anticipated to rule the market with a xx% CAGR. After doing well in the new car market, SUVs (sports utility vehicles) are slowly making headway in the used car market. SUVs now account for 17% of Maruti Suzuki's True Value in India, up slightly from 5-6% the previous year. The report's analysis of regional markets by countries included data on market size and market share held by regionally organised players. The business, which only deals in luxury used cars, saw a volume increase of almost 16% in FY22, with SUV sales far outpacing sedan sales. Sales of used cars are projected to increase from 3.8 million units in FY21 to 4.2–4.4 million units in FY22.
by Vehicle Type
• Hatchback
• Sedan
• SUV
by Fuel Type
• Petrol
• Diesel
• Others
by Distribution Channel
• Online
• Offline
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Key Players :
• 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)
Regional Analysis
Used Car Region dominated the Used Car Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Used Car Market growth in the region. The Used Car market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
Key Questions answered in the Used Car Market Report are:
Key offerings:
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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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Used Car Market Size , Used Car Market Share , Used Car Market Trend , Used Car Market Growth , Used Car Market News , Used Car Industry
Mar 05, 2023