MarkNtel Advisors recently released a research report focusing on the North America Used Truck Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
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North America Used Truck Market Insight and Analysis:
The North America Used Truck Market is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28.
Expanding Transportation Industry throughout the Region: Key Driver to Watch
Backed with the improvement in the road connectivity and trade across different countries in the region, the transportation industry in North America is growing substantially and demonstrating a peaking demand for used trucks. As a result, key players are tapping these opportunities and widening their offerings, thereby generating substantial revenue and contributing to the overall growth trajectory of the market in the region.
North America Used Truck Industry Segmentation:
Based on Application
– Construction
– Mining
– Logistics
Based on Capacity
– 3.5 tons to 7.5 tons
– 7.5 tons to 16 tons
– Above 16 tons
Based on Fuel Type
– Diesel
– Petrol
– Gasoline/CNG
– Electric and Hybrid
Based on Vehicle Type
– Light Truck
– Medium-duty Truck
– Heavy-duty Truck
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Geographically Analysis:
– United States
– Canada
– Mexico
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A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including Scania AB, AB Volvo, Kenworth, Freightliner Used Trucks, Cummins, Paccar, Peterbilt, International, Isuzu, Dodge.
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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