The India used truck industry was valued at USD 2.08 Billion in 2024, and it is estimated to reach USD 3.15 Billion by 2033, growing at a CAGR of 4.30% during the forecast period 2025-2033. The market growth is driven by rising demand in logistics, affordable fleets, expanding e-commerce, and digital sales platforms. North India leads the market with a 35.0% share in 2024, supported by strong freight, agriculture, and manufacturing activities. the report offers a comprehensive analysis of the industry, including India used truck market growth, share, and regional insights.Grab a sample PDF of this report: https://www.imarcgroup.com/india-used-truck-market/requestsample
Market Growth Factors
The growing demand for used trucks in India is propelled by increased urbanization and industrialization. According to the Economic Survey 2023–24 and NITI Aayog reports, more than 40% of India's population will reside in urban areas, fueling transportation and cargo needs. The expansion of the e-commerce sector significantly supports market growth by requiring efficient logistics and supply chain management, which necessitates a large fleet of trucks. Additionally, the rise of online platforms and marketplaces simplifies the buying and selling process, providing easier access and transparency, further strengthening market dynamics.
The accessibility and affordability of spare parts is another significant driver supporting the used truck market in India. Many operators previously faced prolonged vehicle downtime due to unreliable and costly supply chains. With high-volume organized suppliers expanding their networks, as seen with N Kannalagan Company's efforts in southern states, maintenance reliability has improved. This accessibility reduces operational delays and maintenance costs, enhancing fleet productivity and encouraging the use of refurbished trucks and parts, a trend also supported by companies like Daimler India Commercial Vehicles with structured used truck sales and refurbishment services.
Government initiatives aimed at infrastructure improvements, including road connectivity in rural and semi-urban regions, are fueling demand for used trucks, especially in the construction sector. Programs like PM Gati Shakti and the Smart Cities Mission have spurred construction activity requiring dependable and affordable vehicles. The construction segment accounted for 39.8% market share in 2024 due to rising infrastructure projects and real estate development in tier II and III cities. This sector preference drives demand for heavy-duty trucks capable of handling rough terrains and heavy materials, creating a robust market environment.
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