Used Car Market Growth Supported by Rising Vehicle Demand

Сообщение 2024-12-24 09:41:05

Used Car Market Overview:

Maximize Market Research, a Used Car business research firm has published a report on the “Used Car Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).

Estimated Growth Rate for Used Car Market:

Used Car Market size was valued at USD 1148.63 Bn. in 2023 and the total revenue is expected to grow at 8.4% of CAGR through 2024 to 2030, reaching nearly USD 2059.62 Bn.

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Used Car Market Report Scope and Research Methodology:

The scope of the Used Car Market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Used Car Market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Used Car Market sector and capitalizing on growth prospects.

Used Car Market Regional Insights:

Improved dependability and increasing demand drive growth in the Used Car Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Used Car Market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.

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Used Car Market Segmentation:

by Vehicle Type

Hatchback
Sedan
SUV

Based on vehicle type, the SUV sector is likely to dominate the market. SUVs (sports utility vehicles) are progressively gaining traction in the used automobile market following their success in the new car market. In India, the share of SUVs in Maruti Suzuki's True Value climbed marginally over the last year, from 5-6% to 17%.

by Fuel Type

Petrol
Diesel
Others

By Fuel Type, the petrol sector accounted for the biggest share of the worldwide used automobile market. This is owing to reduced costs, lower engine noise compared to diesel, and increased market availability. However, the other group is predicted to develop at the quickest rate, 10.0%, between 2024 and 2030, owing to higher emission requirements, increasing government subsidies and programs, and a shift toward green mobility.

by Distribution Channel

Online
Offline

Based on distribution channel, the online sector had a significant market share in 2023. A number of businesses have been experimenting with online sales to provide their clients with a better online experience, such as enhanced price transparency, the convenience of shopping from home, and a digital payment mechanism. For example, Carlos Tavares, CEO of PSA Group, stated in February 2019 that the company plans to boost online sales by more than 1,500% by the end of 2022, up from 6,000 units in 2018.

by Vendor Type

Organized
Unorganized

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Table of Content: Used Car Market

Part 01: Executive Summary

Part 02: Scope of the Used Car Market Report

Part 03: Global Used Car Market Landscape

Part 04: Global Used Car Market Sizing

Part 05: Global Used Car Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Want a comprehensive market analysis? Check out the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-used-car-market/97254/

Used Car Market Key Players:

1. Asbury Automotive Group (US)
2. AutoNation Inc.(US)
3. CarMax Business Services, LLC(US)
4. Cox Automotive(US)
5. eBay Inc.(US)
6. Vroom Inc(US)
7. Group 1 Automotive Inc.(US)
8. Hendrick Automotive Group(US)
9. LITHIA Motor Inc.(US)
10. TrueCar, Inc.(US)

Key questions answered in the Used Car Market are:

Who are the leading companies and what are their portfolios in Used Car Market?
What segments are covered in the Used Car Market?
Who are the key players in the Used Car Market?
What is Used Car Market?
What was the Used Car Market size in 2023?
What is the growth rate of the Used Car Market?
Which are the factors expected to drive the Used Car Market growth?
What are the different segments of the Used Car Market?
What growth strategies are the players considering to increase their presence in Used Car Market?
What are the upcoming industry applications and trends for the Used Car Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Used Car Market?
What segments are covered in the Used Car Market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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