Asia Pacific Used Car Market Size & Outlook, 2024-2030

The used car market in Asia Pacific is expected to reach a projected revenue of US$ 748,776.9 million by 2030. A compound annual growth rate of 7.7% is expected of Asia Pacific used car market from 2025 to 2030.
Revenue, 2024 (US$M)
$480,299.0
Forecast, 2030 (US$M)
$748,776.9
CAGR, 2025 - 2030
7.7%
Report Coverage
Asia Pacific

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

Asia

Asia Pacific used car market highlights

  • The Asia Pacific used car market generated a revenue of USD 480,299.0 million in 2024.
  • The market is expected to grow at a CAGR of 7.7% from 2025 to 2030.
  • In terms of segment, hybrid was the largest revenue generating vehicle type in 2024.
  • Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.

Asia Pacific data book summary

Market revenue in 2024USD 480,299.0 million
Market revenue in 2030USD 748,776.9 million
Growth rate7.7% (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
Key market players worldwideAlibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 25.3% of the global used car market in 2024.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 748,776.9 million by 2030.

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

Asia Pacific 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 Asia Pacific used car market based on hybrid covering the revenue growth of each sub-segment from 2018 to 2030.


The increasing inventory of highly maintained used cars at an affordable rate is proliferating the used car market in the Asia Pacific region. There are a number of organized dealers are launching programs to support quality inspection of used cars.

For instance, the car manufacturer Toyota introduced a Toyota certified program for its dealership sales agencies, which offer a highly inspected and well-maintained used vehicle as per Toyota’s standards in the Southeast Asia region.

The Asia Pacific region is anticipated to register the highest growth rate in the global used car market over the forecast years. The region is expected to grow annually at 7.7% compounding rate owing to the increasing penetration of organized retail dealership networks and consumer base in various countries.

Reasons to subscribe to Asia Pacific 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 Asia Pacific 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 continent-level data and insights on the Asia Pacific used car market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Asia Pacific used car market

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