Global Used Car Market Size & Outlook, 2024-2030
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 1,898,501.3 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 2024 | USD 1,898,501.3 million |
| Market revenue in 2030 | USD 2,701,501.4 million |
| Growth rate | 6.1% (CAGR from 2024 to 2030) |
| Largest segment | Hybrid |
| Fastest growing segment | Hybrid |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid |
Other key industry trends
- In terms of revenue, the North America accounted for 34.5% of the global used car market in 2024.
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Used Car Market 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.
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
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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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Used car market size, 2024 (US$M)
Global used car market share, by vehicle type, 2024 & 2030 (%, US$M)
Used car market: Opportunity assessment by country
Global used car market, by region, 2024 (US$M)
| Vehicle Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 494,756.6 | 519,260.6 | 534,319.4 | 564,225.9 | 591,364.3 | 623,511.9 | 654,574.0 | 690,964.3 | 727,934.3 | 768,072.9 | 803,339.7 | 842,553.0 | 881,281.3 | 5.1% |
| Europe | 403,213.4 | 413,533.3 | 433,435.0 | 455,632.4 | 479,879.7 | 506,952.6 | 536,511.1 | 568,503.2 | 603,034.1 | 640,393.9 | 673,132.7 | 707,115.5 | 740,911.8 | 5.5% |
| Asia Pacific | 313,009.5 | 335,901.1 | 358,770.9 | 385,057.9 | 414,048.5 | 446,485.5 | 482,380.9 | 521,673.1 | 564,731.6 | 611,973.0 | 656,389.9 | 703,565.8 | 752,160.8 | 7.7% |
| Latin America | 79,627.4 | 90,153.7 | 95,983.0 | 102,588.5 | 109,870.6 | 118,022.2 | 127,042.6 | 136,913.5 | 147,732.2 | 159,609.6 | 170,694.6 | 182,460.6 | 194,560.1 | 7.4% |
| MEA | 44,755.3 | 49,371.7 | 54,347.0 | 58,234.4 | 62,352.6 | 66,780.1 | 71,478.8 | 76,393.8 | 81,527.5 | 86,880.7 | 92,010.9 | 94,604.0 | 97,182.8 | 5.3% |
| Overall | 1,335,362.2 | 1,408,220.5 | 1,476,855.3 | 1,565,739.1 | 1,657,515.6 | 1,761,752.4 | 1,871,987.3 | 1,994,447.8 | 2,124,959.7 | 2,266,930.1 | 2,395,567.7 | 2,530,298.8 | 2,666,096.7 | 6.1% |
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