The Australia used truck market size reached USD 1.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4.40% during 2025-2033. The market is driven by the growing pressure on freight and logistics firms to keep costs under control, increasing online shopping activities among the masses, and rising shift towards more environment friendly and sustainable transport.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 1.3 Billion |
Market Forecast in 2033 | USD 2.0 Billion |
Market Growth Rate 2025-2033 | 4.40% |
Rising Demand for Cost-Effective Logistics Solutions
Growing pressure on freight and logistics firms to keep costs under control is increasing the used trucks as a realistic option over new models. Small and medium-sized businesses (SMEs), which represent a large majority of Australia's construction and freight sectors, usually operate on limited budgets that make brand-new trucks prohibitively expensive. Used trucks provide lower initial investment, lower depreciation expense, and instant availability, enabling companies to sustain or build fleets without extended procurement lead times. Additionally, Australia's vast geography and distribution of population centers necessitate that road freight networks be made efficient. In such an environment, fleet managers want to maximize total cost of ownership (TCO). Used trucks enable companies to support service levels without disrupting cash flow. Furthermore, the widespread promotion of aftermarket assistance, spare parts, and financing options further adds to the appeal of the used truck market for cost-oriented operators. The IMARC Group predicts that the Australia car accessories market is projected to exhibit a growth rate (CAGR) of 9.69% during 2025-2033.
Growth of E-commerce and Urban Freight Sector
The growth of e-commerce and last-mile delivery platforms is positively influencing the market. According to a report by Farmonaut, in 2025, 38% individuals in Australia shop online monthly an 21% weekly. Online shopping in Australia is increasing, driving the demand for agile and nimble transportation. Urban freight and short-haul deliveries need smaller, more agile vehicles that are often purchased from the used truck industry because of faster deployment and lower capital costs. Lower financial risk and cost savings through pre-owned vehicle purchase are more appealing to smaller transport operators and gig economy players who venture into the logistics industry. Used light-duty and medium-duty trucks are specifically popular for their versatility in the urban context and adherence to city emission regulations. Seasonal peaks in demand for holidays and holiday sales and promotional offerings also propel short-term buying or renting of used trucks, which reinforces market turnover and provides consistent demand all year round.
Regulatory Incentives and Environmental Considerations
Australia's move towards more environment friendly and sustainable transport is facilitating the restructuring in trucks fleets throughout the country. In 2024, The Australian Renewable Energy Agency (ARENA) provided $100 million in finance under the Driving the Nation program in 3 priority areas to facilitate shifting heavy vehicles to electric. As environmental regulations focus on carbon emissions and vehicle efficiency, large freight and logistics companies are changing to newer models with improved environmental performance. This turnover of fleets generates a constant stream of comparatively recent, well-preserved used trucks coming onto the secondary market. These used trucks, usually fewer than five to seven years old, provide newer safety and fuel efficiency features, which appeal to buyers wanting compliance at a lower price than brand-new ones. Government policy favoring recycling and second-use car schemes also supports this trend, by encouraging the reuse of vehicles instead of premature scrappage.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on vehicle type, sales channel, and end user.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes light trucks, medium-duty trucks, and heavy-duty trucks.
Sales Channel Insights:
A detailed breakup and analysis of the market based on the sales channel have also been provided in the report. This includes franchised dealer, independent dealer, and peer-to-peer.
End User Insights:
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes construction, oil and gas, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern territory & Southern Australia, and Western Australia.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Vehicle Types Covered | Light Trucks, Medium-Duty Trucks, Heavy-Duty Trucks |
Sales Channels Covered | Franchised Dealer, Independent Dealer, Peer-to-Peer |
End Users Covered | Construction, Oil and Gas, Others |
Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern territory & Southern Australia, Western Australia |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: