Global Used Car Market Size & Outlook, 2024-2030

The used car industry worldwide is expected to reach a projected revenue of US$ 2,701,501.4 million by 2030. A compound annual growth rate of 6.1% is expected of the worldwide used car industry from 2025 to 2030.
Revenue, 2024 (US$M)
$1,898,501.3
Forecast, 2030 (US$M)
$2,701,501.4
CAGR, 2025 - 2030
6.1%
Report Coverage
Worldwide

Global used car market, 2018-2030 (US$M)

Global used car market highlights

  • The global used car market generated a revenue of USD 1,898,501.3 million in 2024 and is expected to reach USD 2,701,501.4 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 6.1% by 2030.
  • In terms of segment, hybrid accounted for a revenue of USD 1,898,501.3 million in 2024.
  • Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.

Global data book summary

Market revenue in 2024USD 1,898,501.3 million
Market revenue in 2030USD 2,701,501.4 million
Growth rate6.1% (CAGR from 2024 to 2030)
Largest segmentHybrid
Fastest growing segmentHybrid
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHybrid

Other key industry trends

  • In terms of revenue, the North America accounted for 34.5% of the global used car market in 2024.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Used Car Market Scope

Used car market segmentation & scope
Hybrid
Conventional
Electric
Vendor Type
Organized
Unorganized
Fuel Type
Diesel
Petrol
Others
Size
Compact
Mid-Sized
SUV
Sales Channel
Offline
Online

Used Car Market Companies

Name Profile # Employees HQ Website

Global used car market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.


Hybrid was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Global used car market based on hybrid covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Used Car Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
    • Hybrid
    • Conventional
    • Electric
  • Global Used Car Vendor Type Outlook (Revenue, USD Million, 2018-2030)
    • Organized
    • Unorganized
  • Global Used Car Fuel Type Outlook (Revenue, USD Million, 2018-2030)
    • Diesel
    • Petrol
    • Others
  • Global Used Car Size Outlook (Revenue, USD Million, 2018-2030)
    • Compact
    • Mid-Sized
    • SUV
  • Global Used Car Sales Channel Outlook (Revenue, USD Million, 2018-2030)
    • Offline
    • Online

Reasons to subscribe to Global used car market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Global used car market databook

  • Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global used car market, including forecasts for subscribers. This global databook contains high-level insights into Global used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Global used car market size, by regions, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more