Used Cars | Used Vehicle Market 2019 Size, Share, Industry Growth, Vehicle Type, Sales Channel, CAGR of 5.3% and by Regions with Forecast To 2025

Used Cars | Used Vehicle Market 2019 Size, Share, Industry Growth, Vehicle Type, Sales Channel, CAGR of 5.3% and by Regions with Forecast To 2025

“Used Vehicle Market Analysis”
According to Used Vehicle Market 2019 Global Industry Analysis To 2025, report on “Global Used Vehicle Market” published by Market Research Future, The Global Used Vehicle Industry expected to rise at a CAGR of 5.3% by 2025. by Vehicle Age, Vehicle Type, Propulsion, Sales Channel and by Regions with Forecast To 2025.

According to the latest report Used Vehicle Market Research Report: Information by Vehicle Age (0-5, 6-10, 11-15, 15-20, and > 20 years old), Vehicle Type (Passenger Car, Light Commercial Vehicle, And Heavy Commercial Vehicle), Propulsion (ICE and Electric Vehicle), Sales Channel (Franchised, Independent Car Dealers, Rental Car Companies, and Others) and by Regions with Forecast To 2023, published by Market Research Future, the Global Used Vehicle Market is projected to witness 5.3% CAGR during forecast period of 2019 to 2023.

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Used Vehicle Market Key Players:

CarMax Business Services, LLC (US)

Manheim (US)

Autotrader, Inc. (US)

HERTZ CAR SALES (US)

Cox Automotive, Inc. (US)

Sun Toyota (US)

Alibaba Group (China)

eBay (US)

PenskeCars (US)

TrueCar, Inc. (US)

Autonation (US)

Vroom, Inc. (US)

Used Vehicle Market Highlight:

The global used vehicle market is projected to grow at 5.3% CAGR during the forecast period. The key driving factors for the growth of this market are internet penetration enabling the availability of information of the used car, rise in demand for off-lease vehicle by the franchise, car dealers, and leasing offices, stringent vehicular emissions regulations, and the growing demand for car subscription services. The lack of standardization and unorganized used car sales, higher depreciation rate of vehicle and the demand for car-sharing services, might restrain the growth of this market. However, the increase in per capita disposable income from emerging nations and the growing economy in the developing regions are the opportunities in the market.

The global used vehicle market is projected to grow at 5.3% CAGR during the forecast period. The key driving factors for the growth of this market are internet penetration enabling the availability of information of the used car, rise in demand for off-lease vehicle by the franchise, car dealers, and leasing offices, stringent vehicular emissions regulations, and the growing demand for car subscription services. The lack of standardization and unorganized used car sales, higher depreciation rate of vehicle and the demand for car-sharing services, might restrain the growth of this market. However, the increase in per capita disposable income from emerging nations and the growing economy in the developing regions are the opportunities in the market.

Global Used Vehicle Market Segments Analysis:

The global used vehicle market is segmented based on vehicle age, vehicle type, propulsion, sales channel, and region. On the basis of vehicle age, the market has been segmented into 0-5, 6-10, 11-15, 15-20, and > 20 years old. On the basis of vehicle type, the market has been segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. On the basis of propulsion, the market has been segmented as internal combustion engine (ICE) and electric vehicle (EV), wherein the electric vehicle segment is further segmented as battery EV, plug-in EV, and hybrid EV. On the basis of sales channel, the segments are franchised, independent car dealers, rental car companies, and others.

Scope of the Report
This study provides an overview of the global used vehicle market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global used vehicle market by vehicle age, vehicle type, propulsion, sales channel and regions.

By Vehicle Age

  • 0-5
  • 6-10
  • 11-15
  • 15-2
  • >20 years old

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Propulsion

  • ICE

Electric Vehicle

  • Battery Electric Vehicle
  • Plug-in Electric Vehicle
  • Hybrid Electric Vehicle

By Sales Channel

  • Franchised
  • Independent Car Dealers 
  • Rental Car Companies
  • Others

Global Used Vehicle Market Regional Analysis:

Geographically, the global used vehicle market has been segmented into the four regions of North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to hold the largest market share during the forecast period owing to the growing automotive industry in China, India, and Japan. Moreover, increased production and sales of SUVs is expected to boost the demand for used vehicle in this region. Furthermore, the rise in per capita disposable income in emerging economies, increasing population, urbanization, and the focus on emission reduction, contribute to the growth of this market. 

North America is expected to grow at a significant rate during the forecast period due to the growing demand for passenger vehicle in the US and Canada. Furthermore, growing e-commerce sector in US and Canada is expected to boost the market. For instance, JD.com one of the leading players in China e-commerce market, entered the US market with the help of Google in 2018. 

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Table Of Contents

1. Executive Summary

2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. Assumptions

2.2.4. Limitations

2.3. Research Process

2.3.1. Primary Research

2.3.2. Secondary Research

2.4. Market Size Estimation

2.5. Forecast Model

3. Market Landscape

3.1. Porter’s Five Forces Analysis

3.1.1. Threat Of New Entrants

3.1.2. Bargaining Power Of Buyers

3.1.3. Threat Of Substitutes

3.1.4. Segment Rivalry

3.1.5. Bargaining Power Of Buyers

3.2. Value Chain/Supply Chain Analysis

Continued…

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