India Used Car Market Size & Outlook, 2030

Revenue, 2024 (US$M)

$0.0

Forecast, 2030 (US$M)

$0.0

CAGR, 2025 - 2030

Report Coverage

India

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

Related Markets

Global Used Car Industry

North America Used Car Market Outlook

Europe Used Car Market Outlook

Asia Pacific Used Car Market Outlook

Latin America Used Car Market Outlook

MEA Used Car Market Outlook

India used car market highlights

The India used car market generated a revenue of USD 84,849.7 million in 2022 and is expected to reach USD 180,788.1 million by 2030.
The India market is expected to grow at a CAGR of 9.9% 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.

Used car market data book summary

Market revenue in 2022	USD 84,849.7 million
Market revenue in 2030	USD 180,788.1 million
Growth rate	9.9% (CAGR from 2022 to 2030)
Largest segment	Conventional
Fastest growing segment	Electric
Historical data	2018 - 2021
Base year	2022
Forecast period	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, India accounted for 5.1% of the global used car market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China used car market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 180,788.1 million by 2030.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Used Car Market Scope

Used car market segmentation & scope

Vehicle Type

Hybrid

Conventional

Electric

Vendor Type

Organized

Unorganized

Fuel Type

Diesel

Petrol

Others

Size

Compact

Mid-Sized

SUV

Sales Channel

Offline

Online

Regions

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Countries

U.S.

Canada

Mexico

Germany

Spain

France

China

India

Japan

Brazil

Used Car Market Companies

Name	Profile	# Employees	HQ	Website

India 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 55.07% in 2024. Horizon Databook has segmented the India used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.

In 2019, India accounted for 18.9% of the volume share in the Asia Pacific used car market. The country is anticipated to exceed its total used car business by double in the coming years. The growth can be attributed to the nation’s rapidly growing economy and large consumer base.

Rise in disposable income levels, growing demand for economical compact cars in middle-class families, and revision of the GST rate on used vehicles from 28% to 12-18% is driving the demand for mid-sized used cars in the country. In India, the mid-sized used car is expected to grow at 10.8% compounding rate year-on-year.

The OLX, a C2C online used car platform, stated that the used car demand has increased by 25% in July 2020, owing to the rising demand for private transportation mode at a cheaper cost. Further, the rising demand can be attributed to the spread of coronavirus and safety measures issued by the government authorities.

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Target buyers of India 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 country-level data and insights on the India used car market, including forecasts for subscribers. This country databook contains high-level insights into India used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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