Used Car Market Report - Global Forecast to 2027 - Cumulative Impact of COVID-19 - ResearchAndMarkets.com

The "Used Car Market Research Report by Vehicle Type, Fuel Type, Distribution Channel, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Used Car Market size was estimated at USD 87.22 billion in 2021, USD 91.34 billion in 2022, and is projected to grow at a CAGR of 4.98% to reach USD 116.78 billion by 2027.

In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Cumulative Impact of COVID-19:

The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics.

The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.

This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Used Car market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.

It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Used Car Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.

Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report answers questions such as:

• What is the market size and forecast of the Global Used Car Market?
• What are the inhibiting factors and impact of COVID-19 shaping the Global Used Car Market during the forecast period?
• Which are the products/segments/applications/areas to invest in over the forecast period in the Global Used Car Market?
• What is the competitive strategic window for opportunities in the Global Used Car Market?
• What are the technology trends and regulatory frameworks in the Global Used Car Market?
• What is the market share of the leading vendors in the Global Used Car Market?
• What modes and strategic moves are considered suitable for entering the Global Used Car Market?

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Used Car Market, including

• Alibaba.com
• Asbury Automotive Group
• AutoNation Inc.
• Carmax Business Service, LLC
• Cox Automotive
• Droom Technology Pvt. Ltd.
• eBay Inc.
• Emil Frey
• Fair Financial Corp
• Group 1 Automotive Inc.
• Hendrick Automotive Group
• Hertz Car Sales
• LITHIA Motor Inc.
• Maruti Suzuki True Value
• Maruti True Value
• Pendragon PLC
• Penske Cars
• Scout24 AG
• TrueCar, Inc.
• Uxin Group

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics

5.1.1. Drivers

5.1.1.1. Growing availability of online automotive marketplaces

5.1.1.2. Need for affordable vehicles for personal mobility

5.1.1.3. Reduced period of car ownership among millennials

5.1.2. Restraints

5.1.2.1. Lack of warranty and high maintenance costs

5.1.3. Opportunities

5.1.3.1. Emerging adoption of electric and hybrid cars

5.1.3.2. Popularity of ride-sharing, in-vehicle connectivity, and subscriptions-based car service

5.1.4. Challenges

5.1.4.1. Availability of old technology and concerns related to safety

5.2. Cumulative Impact of COVID-19

6. Used Car Market, by Vehicle Type

6.1. Introduction

6.2. Hatchback

6.3. Sedan

6.4. SUV

7. Used Car Market, by Fuel Type

7.1. Introduction

7.2. Diesel

7.3. Petrol

8. Used Car Market, by Distribution Channel

8.1. Introduction

8.2. Franchised Dealer

8.3. Independent Dealer

9. Americas Used Car Market

9.1. Introduction

9.2. Argentina

9.3. Brazil

9.4. Canada

9.5. Mexico

9.6. United States

10. Asia-Pacific Used Car Market

10.1. Introduction

10.2. Australia

10.3. China

10.4. India

10.5. Indonesia

10.6. Japan

10.7. Malaysia

10.8. Philippines

10.9. Singapore

10.10. South Korea

10.11. Taiwan

10.12. Thailand

10.13. Vietnam

11. Europe, Middle East & Africa Used Car Market

11.1. Introduction

11.2. Denmark

11.3. Egypt

11.4. Finland

11.5. France

11.6. Germany

11.7. Israel

11.8. Italy

11.9. Netherlands

11.10. Nigeria

11.11. Norway

11.12. Poland

11.13. Qatar

11.14. Russia

11.15. Saudi Arabia

11.16. South Africa

11.17. Spain

11.18. Sweden

11.19. Switzerland

11.20. Turkey

11.21. United Arab Emirates

11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix

12.1.1. Quadrants

12.1.2. Business Strategy

12.1.3. Product Satisfaction

12.2. Market Ranking Analysis, By Key Player

12.3. Market Share Analysis, By Key Player

12.4. Competitive Scenario

12.4.1. Merger & Acquisition

12.4.2. Agreement, Collaboration, & Partnership

12.4.3. New Product Launch & Enhancement

12.4.4. Investment & Funding

12.4.5. Award, Recognition, & Expansion

13. Company Usability Profiles

For more information about this report visit https://www.researchandmarkets.com/r/bd48la

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221230005133/en/