Used Car Market Methodology:
Primary and secondary data collection methods were used to collect data. Primary interviews with experts in industries and suppliers have been conducted to understand and validate the key findings of report. Primary respondents include representatives from used car platforms and companies across the world. From secondary sources such as the EAMA, and paid databases such as Marklines, and other directories, and others. Details list of sources is given in the report wherever internal data is not used.
The market size has been calculated using a bottom-up approach based on volume. At the regional level, primary and secondary sources have been used to calculate the estimated installation rate of advanced technologies. The market size in terms of value is calculated by multiplying the market size in terms of volume by the projected average OE price of used car local as well as major key players in the market.
Used Car Market Report Overview:
Maximize Market Research has issued papers to help clients understand the landscape of the Used Car Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Used Car Market Growth:
Used Car Market size was valued at USD 1148.63 Bn. in 2023 and the total revenue is expected to grow at 8.4% of CAGR through 2024 to 2030, reaching nearly USD 2059.62 Bn.
Used Car Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Used Car Market Segmentations:
by Vehicle Type
Hatchback
Sedan
SUV
According to vehicle type, the SUV sector is anticipated to lead the market with a compound annual growth rate of x%. Sports utility vehicles, or SUVs, did well in the new car market and are now gradually making their way into the used automobile market. In India, the percentage of SUVs in Maruti Suzuki's True Value rose somewhat from 5 to 6 percent to 17 percent in the most recent year.
by Fuel Type
Petrol
Diesel
Others
According to fuel type, the majority of the worldwide used automobile market was accounted for by the petrol industry. This is because it's more affordable, quieter than diesel engines, and more widely available. But between 2024 and 2030, the other group is predicted to develop at the fastest pace of 10.0% because to higher emission requirements, more government policies and subsidies, and a move towards green mobility.
by Distribution Channel
Online
Offline
Online distribution has a significant market share in 2023 depending on distribution channel. In an effort to give their customers a better online shopping experience—including enhanced price transparency, the ease of purchasing from home, and a digital payment method—many businesses have started experimenting with online sales. For example, PSA Group's CEO, Carlos Tavares, stated in February 2019 that the company aims to grow its online sales from 6,000 units in 2018 to over 1,500% by the end of 2022.
by Vendor Type
Organized
Unorganized
Table of Content: Used Car Market :
Part 01: Executive Summary
Part 02: Scope of the Used Car Market Report
Part 03: Used Car Market Landscape
Part 04: Used Car Market Sizing
Part 05: Used Car Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Used Car Market Key Players:
1. Asbury Automotive Group (US)
2. AutoNation Inc.(US)
3. CarMax Business Services, LLC(US)
4. Cox Automotive(US)
5. eBay Inc.(US)
6. Vroom Inc(US)
7. Group 1 Automotive Inc.(US)
8. Hendrick Automotive Group(US)
9. LITHIA Motor Inc.(US)
10. TrueCar, Inc.(US)
11. Sonic Automotive(US)
12. Droom Technology (India)
13. Trusty Cars Pte. Ltd (UK)
14. Alibaba.com (China)
15. Scout24 AG (Germany)
Key Questions Addressed in This Report:
How has the Used Car Market market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Used Car Market market?
What is the regional breakup of the global Used Car Market market?
What are the price trends of various feedstocks in the Used Car Market industry?
What is the structure of the Used Car Market industry and who are the key players?
What are the various unit operations involved in a Used Car Market processing plant?
What is the total size of land required for setting up a Used Car Market processing plant?
What is the layout of a Used Car Market processing plant?
What are the machinery requirements for setting up a Used Car Market processing plant?
What are the raw material requirements for setting up a Used Car Market processing plant?
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Key Insights Covered the Used Car Market Report:
Market Coverage:
Market Trends
Market Breakup by Segment
Market Breakup by Region
Price Analysis
Impact of COVID-19
Market Forecast
Key Aspects Required for Setting Up a Used Car Market Plant:
Detailed Process Flow:
Product Overview
Unit Operations Involved
Mass Balance and Raw Material Requirements
Quality Assurance Criteria
Technical Tests
Project Details, Requirements and Costs Involved:
Land, Location and Site Development
Plant Layout
Machinery Requirements and Costs
Raw Material Requirements and Costs
Packaging Requirements and Costs
Transportation Requirements and Costs
Utility Requirements and Costs
Human Resource Requirements and Costs
Project Economics:
Capital Investments
Operating Costs
Expenditure Projections
Revenue Projections
Taxation and Depreciation
Profit Projections
Financial Analysis
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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