Taiwan Used Cars Market (2024-2030) | Analysis, Share, Size, Outlook, Segmentation, Value, Industry, Trends, Forecast, Companies, Growth & Revenue

Topics Covered in Taiwan Used Cars Market Report

Taiwan Used Cars Market Report thoroughly covers the market by vehicle type, vendor and fuel type. Taiwan Used Cars Market Outlook report provides an unbiased and detailed analysis of the ongoing Taiwan Used Cars Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

Taiwan Used Cars Market Synopsis

Taiwan's Used Cars Market has grown rapidly, driven by digitization and government initiatives like the Digital Government Program 2.0 and the Smart Government Development Strategy. These efforts have enhanced digital infrastructure and streamlined processes, boosting both traditional and electric vehicle (EV) sales. Platforms such as All Best Choice, Carousell, and 8891, along with social media groups, have simplified transactions, while major e-commerce platforms like Shopee, PChome, and Momo have increased trust and accessibility. Together, these digital tools provide a seamless experience for browsing, comparing, and purchasing used cars, further accelerating market growth.

According to 6Wresearch, the Taiwan Used Cars Market is projected to grow at a CAGR of 2.3% during 2024-2030. The Taiwan Used Cars Market is poised for rapid growth, driven by the robust performance of the country's automobile sector. In 2023, Taiwan's automobile industry saw a significant recovery from previous supply shortages in semiconductors, parts, and imported vehicles. This led to a substantial 11.0% year-on-year increase in vehicle sales, totalling 477,021 units. Notably, domestic sales grew by 5.1% to 246,983 units, while imported sales surged by 18.1% to 230,038 units. This strong recovery and increased vehicle sales are likely to contribute to the expansion of the Used Cars Market in Taiwan.

Market Segmentation By Vendor

In 2030, Organized players will lead the market, as certified dealers and established platforms, provide greater transparency, warranties, and after-sales services, which are increasingly preferred by consumers. Trust in the quality of vehicles and the reliability of transactions boosts the appeal of organized markets.

Market Segmentation By Fuel Type

Alternative fuel vehicle is expected to witness the highest growth rate in future due to the Taiwan’s government is actively promoting sustainable transportation through policies, subsidies, and incentives for electric and hybrid vehicles.

Market Segmentation By Vehicle Type

 

The Sports Utility Vehicle (SUV) segment is expected to dominate the Used Cars Market as it offers a reliable and spacious alternative to sedans and hatchbacks. SUVs are increasingly preferred by consumers due to their versatility, ample interior space, and ability to handle various driving conditions, making them a popular choice in the market​.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Taiwan Used Cars Market Overview
• Taiwan Used Cars Market Outlook
• Taiwan Used Cars Market Forecast
• Taiwan Used Cars Market Porter’s Five forces Analysis
• Taiwan Used Cars Market Industry Life Cycle Analysis
• Historical Data and Forecast of Taiwan Used Cars Market Volume, for the Period 2020-2030F
• Market Drivers and Restraints
• Historical Data and Forecast of Taiwan Used Cars Market Volume, By Vehicle Type, for the Period 2020-2030F
• Historical Data and Forecast of Taiwan Used Cars Market Volume, By Vendor, for the Period 2020-2030F
• Historical Data and Forecast of Taiwan Used Cars Market Volume, By Fuel Type, for the Period 2020-2030F
• Key Performance Indicators
• Market Opportunity Assessment
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Vehicle Type

• Hatchbacks
• Sedan
• Sports Utility Vehicle
• Others (Coupes, Convertibles, Minivans, Pickup Trucks etc.)

By Vendor

• Organized
• Unorganized

By Fuel Type

• Gasoline
• Diesel
• Alternative Fuel Vehicles