UK - Used Car Market size to grow by USD 34.22 billion from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Alibaba Group Holding Ltd., Aramis Group and Arnold Clark Automobiles Ltd., and many more

NEW YORK, Oct. 20, 2023 /PRNewswire/ — The UK – Used Car Market is estimated to grow by USD 34.22 billion, accelerating at a CAGR of 6.03% during the forecast period, according to Technavio’s market analysis. The used car market in UK is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer used car market are Alibaba Group Holding Ltd., Aramis Group, Arnold Clark Automobiles Ltd., Auto Trader Group Plc, Bauer Media Group, Car Giant Ltd., Carcraft.co.UK, CarGurus Inc., CarMax Inc., Cazoo Ltd., Cinch Cars Ltd., Constellation Automotive Group Ltd., Group 1 Automotive Inc., Hertz Global Holdings Inc., Lithia Motors Inc., McCarthy Cars UK Ltd., Penske Corp., Toyota Motor Corp., TrueCar Inc., and Motors.co.UK Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Buy report!

UK – Used Car Market 2023 – 2027: Company Offering:

Alibaba Group Holding Ltd.: The company offers used cars with warranty and customized wraps as well as secondhand EV electric cars
For details on companies and their offerings – Download Free Sample before buying

UK – Used Car Market 2023 – 2027: Market Dynamics

Impactful driver- Excellent value for money proposition of used cars
Key Trend – Improved touchpoint management
Major Challenges – Increasing preference for car subscription services

Download free sample report to get more insights on the market share of various regions and contribution of the segments.

UK – Used Car Market 2023 – 2027: Market Segmentation

The UK – used car market report extensively covers market segmentation by channel (organized and unorganized), vehicle type (compact car, SUV, and mid-size), and type (petrol, diesel, and others).

The organized segment is expected to significantly contribute to the used cars market share in the UK during the forecast period. This segment encompasses organized used car sellers, including dealer chains, online marketplaces, and dealers affiliated with original equipment manufacturers (OEMs). Many of these organized sellers not only provide technical expertise but also extend financial support to customers. The market players are skilled in digital integration, creating a smooth and user-friendly interface. It is these characteristics of organized sellers that are set to stimulate used car sales between 2022 – 2027.

Technavio Research experts has provided more insights on the market share of segments – View Free Sample Report

Related Reports:

US – Used Car Market: The US – Used Car Market size is estimated to grow at a CAGR of 4.14% between 2022 and 2027. The market size is forecast to increase by USD 35.96 billion.

India – Used Cars Market: The India – Used Car Market size is estimated to grow at a CAGR of 11.9% between 2023 and 2027. The market size is forecast to increase by USD 24.7 billion.

What are the key data covered in this UK – Used Car Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the UK – Used Car Market between 2022 and 2027.
Precise estimation of the UK – Used Car Market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of UK – Used Car Market vendors.

TOC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by Channel
Market Segmentation by Vehicle Type
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 17,000 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.

Contact US:

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/