Fri Sep 20 13:13:00 UTC 2024: ## Used Car Market Poised for Growth, Reaching $25.4 Billion by 2030: Research and Markets

**Dublin, Sept. 20, 2024 (GLOBE NEWSWIRE)** – The global used car market is experiencing robust growth, with projections suggesting it will reach a value of $25.4 billion by 2030, according to a new report by ResearchAndMarkets.com. The market, currently valued at $17 billion, is expected to expand at a compound annual growth rate (CAGR) of 6% over the next seven years.

The report highlights key segments within the market. The used SUV segment is anticipated to be a significant driver of growth, reaching $10.1 billion by 2030 with a CAGR of 5.8%. The used sedan segment is also poised for substantial growth, with a projected CAGR of 5.8%.

**Regional Highlights:**

* The U.S. market is currently the largest, estimated at $4.5 billion in 2023.
* China is predicted to see impressive growth with a CAGR of 9.5%, reaching $5.8 billion by 2030.
* Other regions exhibiting notable growth include Japan, Canada, Germany, and the Asia-Pacific region.

**Competitive Landscape:**

The report analyzes the presence of major players in the global used car market, including companies like 2see Technology, 2trde, and 360 Motors.

This comprehensive report provides insights into market trends, drivers, and forecasts. It also examines the competitive landscape, offering valuable information for businesses operating in the used car market.

**To learn more about the report and access its full content, please visit:** [Link to Report]

**About ResearchAndMarkets.com:**

ResearchAndMarkets.com is a leading source for international market research reports and market data. They provide the latest data on international and regional markets, key industries, top companies, new products, and trends.

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