Asia Pacific Used Car Market Size & Outlook, 2022-2030
Asia Pacific used car market, 2018-2030 (US$M)
Related Markets
Asia Pacific used car market highlights
- The Asia Pacific used car market generated a revenue of USD 414,048.5 million in 2022.
- The market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2022.
- Electric is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 414,048.5 million |
| Market revenue in 2030 | USD 752,160.8 million |
| Growth rate | 7.7% (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 |
| Key market players worldwide | Alibaba 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 25.0% of the global used car market in 2022.
- 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 752,160.8 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 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.
Conventional was the largest segment with a revenue share of 42.88% in 2022. Horizon Databook has segmented the Asia Pacific used car market based on hybrid, conventional, electric 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
Asia Pacific used car market size, by country, 2018-2030 (US$M)
Asia Pacific Used Car Market Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
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.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
