The global vehicle reseller market is anticipated to grow at a significant CAGR of 8.0% during the forecast period. The market is primarily driven by the reduced per capita income of the population across various countries including Pakista, Somalia, and others, which led in shifting the customers towards the used cars. According to the CEIC Data released in 2019, the annual household income per capita of Pakistan has been reduced to $587.0 in Jun 2019, compared with the previous value of $650.6 estimated back in June 2016. Another major factor contributing in the growth of the market is social distancing and people perception towards public transport. Further, the country sold around 238,000 units of used vehilced within the year 2020-2021
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However,the rise in implication of The biggest constraint for the market is the lack of regulation, hampering any growth of the market due to fear of government authority. Other constraints hindering the market growth is increase in implementation of strict government guidelines for pollution control due to which most of the vehicles areunable to get registrations. With an increase in e-commerce platforms, vehicle sharing services play an important role in the future growth in the vehicle reseller market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Vehicle Reseller Market Report Segment
By Vehicle type
- Hatchback
- Sedan
- Sports Utility Vehicle (SUV)
By Vendor type
- Franchise Dealer
- Independent Dealer
By Propulsion type
- Internal Combustion Engine (ICE)
o Petrol
o Diesel
Global Vehicle Reseller Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vehicle reseller market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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