Research Methodology – Used Truck Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Used Truck Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Used Truck Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Number of used trucks sold in a particular period
- Market value of used trucks sold
- Geographical coverage
- Market segmentation by type of truck (heavy-duty, medium-duty, light-duty)
- Market segmentation based on the age of trucks
- Market segmentation by end-users (individual owners, fleet owner, logistics companies, etc.)
- Presence and concentration of market players in the used truck industry
- Trade regulations, tariffs, and import/export restrictions
Key Market Indicators
- Industry value-add
- Gross truck sales, both new and used
- Average prices of used trucks
- Number of trucks in operation
- Market trends in related industries (construction, mining, transport, etc.)
- Level of company and industry profitability
- Economic indicators such as GDP, disposable income, and unemployment rate
Growth Trends
- Increasing demand for used trucks due to cost-effectiveness
- Growth trend based on economic fluctuations
- Trends in used truck financing
- Growth opportunities in emerging markets
- Trends in digitalization and online sales of used trucks
- Environmental and sustainability trends favoring used over new trucks
- Industry innovation and technological advancement trends
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Used Truck Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Used Truck Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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