Used Semi-Truck Market Companies Revolutionizing in 2025

By /

The used semi-truck market has become a dynamic segment of the commercial vehicle industry, witnessing a strong upsurge globally. In 2024, the market size stood at USD 14.66 billion, which rose to USD 17.33 billion in 2025, and is forecast to reach a remarkable USD 36.77 billion by 2034, growing at a CAGR of 8.72%. This robust growth is fueled by the increasing demand for cross-border logistics, expansion of second-hand truck dealerships, and technological integration like AI and blockchain in resale platforms.

Used semi-trucks, categorized under Class 6, 7, and 8, are sold through various channels—franchised dealers, independent dealers, and peer-to-peer platforms. Diesel remains dominant, but electric and gasoline models are gaining traction, particularly in North America and Asia Pacific.

Market Highlights

  • Asia Pacific currently leads the market in revenue generation.

  • North America is poised for significant CAGR growth during 2025–2034.

  • Class 8 trucks dominate the segment due to high demand in long-haul freight transport.

Leading Companies in the Used Semi-Truck Market (2025)

1. AB Volvo

  • About: A Swedish multinational leader in truck manufacturing.

  • Products: Used semi-trucks under brands like Volvo and Renault Trucks.

  • Market Cap: Over USD 50 billion (2025 estimate).

  • Edge: Known for robust after-sales service and eco-friendly upgrades in older fleets.

2. IVECO S.p.A

  • About: Headquartered in Italy, IVECO is a global player in commercial vehicles.

  • Products: Heavy-duty and medium-duty trucks with efficient fuel systems.

  • Market Cap: Around USD 5.8 billion.

  • Edge: Specializes in refurbished diesel and natural gas trucks for European markets.

3. MAN Truck & Bus SE

  • About: A German automotive giant and subsidiary of the Traton Group.

  • Products: Class 8 used trucks designed for long-distance haulage.

  • Market Cap: Approximately USD 8 billion.

  • Edge: Offers warranty-backed certified pre-owned vehicles with digital connectivity.

Invest in Our Premium Strategic Solution:  https://www.towardsautomotive.com/price/1185

4. Arrow Truck Sales

  • About: A U.S.-based leading retailer of used semi-trucks.

  • Products: Offers trucks from Kenworth, Freightliner, Peterbilt, and Volvo.

  • Market Cap: Privately held.

  • Edge: Custom financing and vehicle history reports for transparent transactions.

5. Daimler Trucks

  • About: One of the world’s largest truck makers, part of Daimler AG.

  • Products: Used Freightliner and Western Star trucks.

  • Market Cap: USD 30+ billion.

  • Edge: Integrates predictive maintenance tech and digital sales platforms.

6. East Coast International Trucks

  • About: A reputable U.S. dealer for new and used commercial vehicles.

  • Products: Used International, Isuzu, and other semi-trucks.

  • Market Cap: Private.

  • Edge: Offers tailored fleet solutions for logistics companies.

7. Enterprise Truck Rental

  • About: A division of Enterprise Holdings offering truck rentals and sales.

  • Products: Light and heavy-duty trucks, many with low mileage.

  • Market Cap: USD 30+ billion (Enterprise Holdings).

  • Edge: Known for short-term lease-to-own options and wide inventory.

8. Fyda Freightliner

  • About: A U.S.-based dealer specializing in Freightliner used trucks.

  • Products: Freightliner Cascadia and M2 models.

  • Market Cap: Private.

  • Edge: Factory-trained technicians and certified inventory for resale.

9. IronPlanet Inc.

  • About: An online marketplace for heavy equipment and trucks, owned by Ritchie Bros.

  • Products: Used trucks of all makes and classes.

  • Market Cap: USD 10+ billion (Ritchie Bros).

  • Edge: Auction-based sales model with inspection reports and buyer protection.

10. PACCAR Inc.

  • About: A U.S. multinational manufacturer of light, medium, and heavy-duty trucks.

  • Products: Used trucks from Kenworth, Peterbilt, and DAF.

  • Market Cap: Over USD 45 billion.

  • Edge: Integrated telematics and smart diagnostics in certified used models.

11. Penske Used Trucks

  • About: A branch of Penske Corporation offering used trucks for sale or lease.

  • Products: Freightliner, Hino, and International brands.

  • Market Cap: USD 25+ billion (Penske Corp).

  • Edge: Focuses on fleet-maintained trucks and flexible return policies.

12. Piedmont Peterbilt

  • About: A licensed Peterbilt dealer specializing in used vehicle sales.

  • Products: Peterbilt 389, 579, and vocational trucks.

  • Market Cap: Private.

  • Edge: Factory-direct access to parts and reconditioning services.

13. Premier Truck Group

  • About: A network of commercial vehicle dealers across North America.

  • Products: Used Freightliner and Western Star vehicles.

  • Market Cap: Subsidiary of Penske Automotive Group (~USD 10 billion).

  • Edge: Offers warranty and financing support through parent company networks.

14. Summit Truck Group

  • About: A dealership network offering new and used heavy-duty trucks.

  • Products: International, Volvo, and other Class 8 trucks.

  • Market Cap: Private.

  • Edge: Known for servicing fleets and selling refurbished vehicles with full records.

15. Tata Motors Limited

  • About: One of India’s leading automotive manufacturers.

  • Products: Medium and heavy commercial vehicles, including used models.

  • Market Cap: USD 30+ billion.

  • Edge: Strong presence in Asia Pacific and growing digital used truck platforms.

If you have any questions, please feel free to contact us at sales@towardsautomotive.com

FAQs on the Used Semi-Truck Market

1. What is driving the growth of the used semi-truck market?
The demand is driven by rising freight needs, cost-effective transport options, and technological upgrades like blockchain and AI in dealer platforms.

2. Why are Class 8 trucks dominant in this market?
Class 8 trucks are essential for long-haul freight and logistics operations, making them a high-demand vehicle category.

3. Which region is leading the used semi-truck market?
Asia Pacific currently holds the largest revenue share, while North America is showing strong growth potential.

4. What are the key technologies transforming the used truck industry?
AI for predictive maintenance, blockchain for secure transactions, and online resale platforms are revolutionizing the space.

5. Can buyers trust used trucks from online platforms?
Yes, most platforms now offer inspection reports, verified sellers, warranties, and financing—enhancing trust and reliability.

Source : https://www.towardsautomotive.com/insights/used-semi-truck-market-sizing

Scroll to Top