Global Used Car Market Size & Outlook
The used car industry worldwide is expected to reach a projected revenue of US$ 2,666,096.7 million by 2030. A compound annual growth rate of 6.1% is expected of the worldwide used car industry from 2023 to 2030.
Revenue, 2022 (US$M)
$1,657,515.6
Forecast, 2030 (US$M)
$2,666,096.7
CAGR, 2023 - 2030
6.1%
Report Coverage
Worldwide
Global used car market, 2018-2030 (US$M)
Related Markets
Global used car market highlights
- The global used car market generated a revenue of USD 1,657,515.6 million in 2022 and is expected to reach USD 2,666,096.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.1% by 2030.
- In terms of segment, conventional accounted for a revenue of USD 708,873.0 million in 2022.
- Electric 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 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,657,515.6 million |
| Market revenue in 2030 | USD 2,666,096.7 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
Other key industry trends
- In terms of revenue, the North America accounted for 35.7% of the global used car market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 519,050.4 million by 2030.
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Used Car Market Scope
Used car market segmentation & scope
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.
conventional was the largest segment with a revenue share of 42.77% in 2022. Horizon Databook has segmented the Global used car market based on hybrid, conventional, electric 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
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Target buyers of Global used car market databook
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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Global used car market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Used car market size, 2022 (USD Million)
Top 10 countries: Used car market size, 2022 (USD Million)
Global used car market, by region, 2022 (US$M)
Related regional statistics
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