Market Overview

The Europe used truck market was valued at USD 7.9 Billion in 2024 and is forecasted to reach USD 12.2 Billion by 2033, growing at a CAGR of 4.4% during 2025-2033. This growth is driven by increasing demand for cost-effective logistics solutions supported by expanding e-commerce and infrastructure development. Favorable emissions regulations and fleet modernization initiatives also encourage investment in reliable pre-owned trucks across transport, construction, and agriculture sectors.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Europe Used Truck Market Key Takeaways

• Current Market Size: USD 7.9 Billion in 2024
• CAGR: 4.4% (2025-2033)
• Forecast Period: 2025-2033
• The market growth is fueled by rising demand for cost-efficient transportation solutions in industries like agriculture, logistics, and construction.
• Verified pre-owned trucks with upgraded warranties and quality assurances increase customer trust.
• Sustainability trends encourage fleet operators to reuse and revamp trucks, reducing environmental impact.
• Regulatory incentives for emissions compliance and trade-in schemes support market growth.
• Expanding e-commerce amplifies demand for reliable and affordable used trucks.

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Market Growth Factors

Rising e-commerce sales and construction activities in Europe cause an increasing demand for cost-effective logistics services, a major factor driving the market. In 2023, the International Trade Administration reported Europe as the third-largest retail e-commerce market in the world with revenue at USD 631.9 billion, and it expects this to grow toward a CAGR of 9.31% to USD 902.3 billion by 2027. This in turn expands logistics needs for cheap trucks with high reliability and low transportation costs.

Also, regulations that require progressively lower emissions from fleets or fleet modernization are viewed as a driver for fleet consolidation. A few European countries have programs that create incentives for clean fleets. For example, trucks produce 25% of road transport's emissions for Europe, so to achieve climate neutrality by 2050, someone needs to make them carbon neutral. Regulations incentivize behaviors such as compliance with emissions standards and vehicle trading. They also help the used truck market grow.

As another sustainability aspect, fleet owners want to refurbish and upgrade used trucks to have lower emissions per transport unit. Fuel efficient and low-emission trucks are now widely available because of the new Euro 7 regulation which the Council of the European Union adopted in April 2024, setting stricter limits for truck emissions and pollutants. This creates an environment that encourages fleet owners/operators and logistics providers to make holistic upgrades in the used truck market.

Market Segmentation

By Vehicle Type

• Light Trucks: Favored for urban logistics and last-mile deliveries due to agility, fuel efficiency, and lower maintenance costs. SMEs and retail operators use these to optimize transportation economically, driven by e-commerce growth.
• Medium-duty Trucks: Serve regional transport, construction, and municipal services balancing payload and fuel efficiency. Demand aligns with regulatory needs for eco-friendly models and operational flexibility.
• Heavy-duty Trucks: Dominate long-haul logistics and industrial applications requiring high payload capacity. Demand bolstered by cross-border trade in the EU and fleet updates for meeting performance and emission standards.

By Sales Channel

• Franchised Dealer: Offers certified pre-owned trucks with after-sales service and warranties, trusted by businesses and fleet operators for dependability.
• Independent Dealer: Provides diverse inventory and competitive pricing, attracting cost-conscious buyers, particularly small businesses, with flexible financing.
• Peer-to-Peer: Growing in popularity due to cost-effectiveness and direct buyer-seller sales via digital platforms enhancing transparency.

By End User

• Construction: Requires reliable heavy-duty trucks for material and equipment transport; used trucks address fleet expansion affordably.
• Oil and Gas: Uses robust trucks for challenging environments and materials hauling, favoring durable, adaptable, cost-effective used vehicles.
• Others: Not specifically detailed in source.

Regional Insights

Germany is the dominant market within Europe due to its robust logistics sector and automotive industry. Its central location as a European trade hub and strict emissions standards stimulate demand for fuel-efficient, environmentally friendly used trucks. Advanced infrastructure for inspections enhances trust in the used truck market, driving its growth.

Recent Developments & News

In April 2024, Scania UK launched a new online sales platform allowing customers to purchase used vehicles across various grading bands, including trucks and cars. Meanwhile, in September 2024, DAF Trucks introduced innovations in fuel efficiency, safety, and driver comfort for its New Generation XD, XF, XG, and XG+ trucks and showcased battery-electric trucks and energy storage solutions, emphasizing sustainability leadership.

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Key Players

• DAF
• Volvo Trucks UK
• Scania UK

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