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Used Vehicles in Asia-Pacific

Publisher GlobalData
Published Nov 06, 2025
Length 37 Pages
SKU # GBDT20865610

Description

Used Vehicles in Asia-Pacific

Summary

Used Vehicles in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The used vehicles market refers to the buying and selling of pre-owned automobiles. This market includes a wide range of vehicles, from cars and trucks to motorcycles and vans, that have had previous owners. It encompasses transactions between individuals, dealerships, and online platforms. The market scope excludes used military trucks and second-hand electric vehicles. Additionally, it does not encompass the unorganized market. Market volume refers to the total number of used vehicles sold within a given year. Market value is calculated by multiplying the average selling price by the number of used vehicles sold.
  • The Asia-Pacific used vehicles market recorded revenues of $378.7 billion in 2024, representing a compound annual growth rate (CAGR) of 2.4% between 2019 and 2024.
  • Market consumption volume increased with a CAGR of 2.2% between 2019 and 2024, reaching a total of 25.1 million units in 2024.
  • The Asia-Pacific used vehicles market recorded for an annual growth of 3.8% in 2024. The growth is driven by a rise in the inflation rate. According to the Ministry of Statistics and Programme Implementation (MOSPI), in October 2024, the inflation rate in India increased by 6.2%.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the used vehicles market in Asia-Pacific
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the used vehicles market in Asia-Pacific
  • Leading company profiles reveal details of key used vehicles market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific used vehicles market with five year forecasts
Reasons to Buy
  • What was the size of the Asia-Pacific used vehicles market by value in 2024?
  • What will be the size of the Asia-Pacific used vehicles market in 2029?
  • What factors are affecting the strength of competition in the Asia-Pacific used vehicles market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Asia-Pacific's used vehicles market?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Uxin Ltd
8.2. CARS24 Services Pvt Ltd
8.3. Carsome Sdn Bhd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: Asia-Pacific used vehicles market value: $ billion, 2019–24
Table 2: Asia–Pacific used vehicles market volume: million units, 2019–24
Table 3: Asia–Pacific used vehicles market category segmentation: % share, by value, 2019–24
Table 4: Asia-Pacific used vehicles market category segmentation: $ billion, 2019-24
Table 5: Asia–Pacific used vehicles market geography segmentation: $ billion, 2024
Table 6: Asia-Pacific used vehicles market value forecast: $ billion, 2024–29
Table 7: Asia–Pacific used vehicles market volume forecast: million units, 2024–29
Table 8: Uxin Ltd: Key Facts
Table 9: Uxin Ltd: annual financial ratios
Table 10: Uxin Ltd: key employees
Table 11: CARS24 Services Pvt Ltd: Key Facts
Table 12: CARS24 Services Pvt Ltd: key employees
Table 13: Carsome Sdn Bhd: Key Facts
Table 14: Carsome Sdn Bhd: key employees
Table 15: Asia-Pacific Exchange Rate, 2019–24
List of Figures
Figure 1: Asia-Pacific used vehicles market value: $ billion, 2019–24
Figure 2: Asia–Pacific used vehicles market volume: million units, 2019–24
Figure 3: Asia-Pacific used vehicles market category segmentation: $ billion, 2019-24
Figure 4: Asia–Pacific used vehicles market geography segmentation: % share, by value, 2024
Figure 5: Asia-Pacific used vehicles market value forecast: $ billion, 2024–29
Figure 6: Asia–Pacific used vehicles market volume forecast: million units, 2024–29
Figure 7: Forces driving competition in the used vehicles market in Asia-Pacific, 2024
Figure 8: Drivers of buyer power in the used vehicles market in Asia-Pacific, 2024
Figure 9: Drivers of supplier power in the used vehicles market in Asia-Pacific, 2024
Figure 10: Factors influencing the likelihood of new entrants in the used vehicles market in Asia-Pacific, 2024
Figure 11: Factors influencing the threat of substitutes in the used vehicles market in Asia-Pacific, 2024
Figure 12: Drivers of degree of rivalry in the used vehicles market in Asia-Pacific, 2024

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