AP NEWS

Global Used Trucks Market 2018-2022 | Value Proposition of Used Trucks to Boost Demand | Technavio

December 7, 2018

LONDON--(BUSINESS WIRE)--Dec 7, 2018-- analysts forecast the global used trucks market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181207005500/en/

Technavio has released a new market research report on the global used trucks market for the period 2018-2022. (Graphic: Business Wire)

Touchpoint management systems integrated with artificial intelligence is one of the major trends being witnessed in the . Touchpoint management techniques have been leveraged in various industries to bridge the gap between buyer and seller. Shopping has been redefined to provide a positive and rewarding experience for the customer. Unique touchpoint management techniques are being used by online retail stores and electronic stores to understand customer needs. Automotive dealers are also employing improved touchpoint management systems to enhance customer satisfaction.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global used trucks market is the value proposition of used trucks:

Global used trucks market: Value proposition of used trucks

Buying a used truck involves significantly lower investments than purchasing a new vehicle. Adherence to stringent manufacturing regulations and quality standards has ensured enhanced build quality in trucks. The influx of newer models and automotive technology advancements are driving truck owners to sell existing vehicles and buy upgraded models. This buying cycle among consumers has led to a steady increase in the supply of used trucks. Reduced prices of used trucks and their increased operational quality are expected to boost demand from various customer segments during the forecast period.

According to a senior analyst at Technavio for research on automotive manufacturing, “Truck buyers take a keen interest on the scope of the resale value of their vehicles. This prompts them to install various aftermarket fitments to raise the intrinsic value of vehicles. For example, owners are known to retrofit their vehicles with air deflectors and side extensions to ramp up resale values.”

Global used trucks market: Segmentation analysis

The global used trucks market research report provides market segmentation by vehicle type (pick-up trucks and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The Americas led the market in 2017 with a market share of over 50%. This region is expected to dominate the market through 2022, with over 4% increase in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005500/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/07/2018 02:29 PM/DISC: 12/07/2018 02:29 PM

http://www.businesswire.com/news/home/20181207005500/en

AP RADIO
Update hourly