Used Vehicle Industry Expected to Double in Size and Cross $2.5 Trillion by 2027 – Analysis of Trends, Case Studies and Market Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Used Vehicle Market Outlook to 2027” report has been added to ResearchAndMarkets.com’s offering.

The Global used vehicle market is currently valued at $1.25 trillion and is projected to exceed $2.5 trillion by 2027.

The comprehensive analysis of the Global Used Vehicle industry highlights key aspects such as market size, segmentations, growth drivers, challenges, trends, regulatory framework, end-user analysis, and competitive landscape. Due to the impact of COVID-19, the new vehicle sales have decreased significantly, while the pre-owned vehicle market remains relatively stable.

The organized sector holds a larger share in the global used vehicle market, as consumers prefer and trust organized players more. Vehicles around five years old are preferred by customers as they are less likely to require expensive replacements. While the online segment is witnessing significant growth due to the rise in preference for online retailing, the offline segment continues to dominate the market, as many customers prefer physical inspection before purchasing used vehicles.

Key trends by market segment include vehicles with an average mileage of 81,000-100,000 km expected to dominate the industry in the future. Consumers also prefer used vehicles that are 8-10 years old, with upper- or middle-income families, working professionals, and other groups showing a preference for such vehicles.

The competitive landscape of the global used vehicle industry is largely unorganized, with consumers favoring local, independent dealers, online auto-classified platforms, and peer-to-peer sales. Players such as True Vehicle, Inc., Lithia Motors, Inc., Group 1 Automotive, Inc., and The HERTZ Corporation are present in the market.

The future outlook for the industry includes dealerships launching their official websites/platforms to showcase their used vehicle inventory. Online auto portals are expected to offer omni-channel experiences and provide varied services like vehicle subscription. Value-added services such as vehicle inspection, financing options, insurance, and ownership transfer are expected to be a focus area for used vehicle dealers to enhance the buyer’s experience.

Key Topics Covered

1. Executive Summary

1.1 Global Used Vehicle Market Executive Summary

2. Country Overview of Global

2.1 Country Demographics

2.2 Global Population Analysis

3. Global Automotive Market Overview

3.1 Automotive Clusters in Global

3.2 Landscape of Total number of Vehicles in Global, 2022

3.3 Export and Import of Vehicles in Global

4. Global Used Vehicle Market Overview and Genesis

4.1 Ecosystem of Global Used vehicle Market

4.2 Overview and Genesis of Global Used Vehicle Market

4.3 Step- by-Step Sales Process of Used Vehicle in Global

4.4 Value Chain Analysis of Global Used Vehicle Market

4.5 Sourcing of Used Vehicles for Dealers and Lead generation in Global Used Vehicle Market

5. Global Used Vehicle Market Sizing, 2017-2022

5.1 New Vehicle Sales in Global, 2017-2022

5.2 Global Used Vehicle Market Sizing Analysis, 2017-2022

6. Global Used Vehicle Market Segmentation

6.1 By Type of Market Structure, 2022

6.2 By Type of Organised and Unorganised, 2022

6.3 By Type of Vehicle, 2022

6.4 By Age of Vehicle, 2022

6.5 By Kilometres Driven, 2022

6.6 By Region, 2022

7. Customer Profile of Used Vehicle Market in Global

7.1 Customer Pain points in Used Vehicle industry

7.2 Decision Making Parameters for Customers before Selecting a Used Vehicle

7.3 Key Factors and Price Determinants Influencing Used Vehicle Purchasing Decision

7.4 Findings on Consumer Analysis of Global Used Vehicle Market

8. Snapshot on Online Classified Used Vehicle Platforms in Global

8.1 Evolution of Used Vehicle Platform in Global

8.2 Transactional Platforms in Used Vehicle Industry in Global

8.3 Global Used Vehicle Market Online Classified Business Model

8.4 Used Vehicle Journey on Online Classified platforms in Global

8.5 Existing and Emerging Online Retails Models in Global Used Vehicle Market

8.6 Market Sizing Analysis of Global Online Used Vehicle Market, 2017-2022

8.7 Overview of Global Online Used Vehicle Market, 2022

8.8 Cross Comparison of Major Online Auto-Classifieds

8.9 Key Parameters for Developing Digitally Oriented Business Model

9. Snapshot on Used Vehicle Auction Market in Global

9.1 Ecosystem of Used Vehicle Auction Players

9.2 Cross Comparison of Major Used Vehicle Auction Players

10.Global Used Vehicle Industry Analysis

10.1 SWOT Analysis of Global Used Vehicle Market

10.2 Trends and Recent Development’s in Global Used Vehicle Market

10.3 Issues and Challenges in Global Used Vehicle Market

10.4 Buying and Selling Process of Used Vehicle in Global

10.5 Government Initiatives to Regulate Global Used Vehicle Market

10.6 Buying Criteria of the customers for Used Vehicle in Global

10.7 Selling Criteria Used by the Players for Used Vehicle in Global

11. Competition Framework for Global Used Vehicle Market

11.1 Cross Comparison of Major Players in Global Used Vehicle Market

12. COVID-19 Impact on Global Used Vehicle Market

12.1 Impact of COVID-19 on Global Used Vehicle Market

12.2 Prices of Used Vehicles During COVID-19 in Global

13. Outlook and Future Projections for Global Used Vehicle Market

13.1 Future New Vehicle Sales in Global, 2022-2027

13.2 Global Used Vehicle Future Market Sizing Analysis, 2022-2027

13.3 Future Market Sizing Analysis of Global Online Used Vehicle Market, 2022-2027

13.4 Future Segmentation by Type of Market Structure, 2027

13.5 Future Segmentation by Organized and Unorganized, 2027

13.6 Future Segmentation by Type of Vehicle, 2027

13.7 Future Segmentation by kilometres driven, 2027

13.8 Future Segmentation by Age of Vehicle, 2027

13.9 Future Segmentation by Region, 2027

13.10 Future Trends and Way Forward

14. Case Study Analysis

15. Market Opportunity and Analyst Recommendations

15.1 Analyst’s Take on Future Market Positioning

16. Research Methodology

16.1 Market Definitions

16.2 Abbreviations

16.3 Market Sizing Approach

16.4 Consolidated Research Approach

16.5 Sample Size Inclusion

16.6 Limitation and Future Conclusions

A selection of companies mentioned in this report includes:

• TrueVehicle, Inc
• Lithia Motors, Inc.
• Group 1 Automotive, Inc.
• THE HERTZ CORPORATION
• Pendragon PLC
• Asbury Automotive Group, Inc.
• AutoNation, Inc.
• VehicleMax Business Services LLC
• Cox Automotive
• Hendrick Automotive Group.
• Batfa Japan Inc.
• India Kawasaki Motors Pvt. Ltd.
• Droom, Motorbikes 4 All
• Triumph Motorcycles
• Yamaha Certified Pre-Owned
• Motohunt Inc.
• Blade Motorcycles
• Mundimoto Europe SL

For more information about this report visit https://www.researchandmarkets.com/r/afixjh

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