Truck Market In Vietnam 2024-2028
The truck market in Vietnam is forecasted to grow by USD 1.50 bn during 2023-2028, accelerating at a CAGR of 8.05% during the forecast period. The report on the truck market in Vietnam provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in industrialization and urbanization of Vietnam economy, increasing incorporation of lighter materials in truck manufacturing, and increasing prominence of electric hd trucks.
Technavio's truck market in Vietnam is segmented as below:
By Vehicle Category
- Less than 10 T
- More than 10 T
By Type
By Product Type
This study identifies the emergence of alternative fuel trucks as one of the prime reasons driving the truck market in Vietnam growth during the next few years. Also, the adoption of autonomous technologies in electric trucks and positive outlook of truck platooning on truck market will lead to sizable demand in the market.
The report on the truck market in Vietnam covers the following areas:
- Truck market in Vietnam sizing
- Truck market in Vietnam forecast
- Truck market in Vietnam industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading truck market in Vietnam vendors that include AB Volvo, Beijing Automotive Group Co. Ltd., Daimler Truck AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Isuzu Motors Ltd., Kamaz Export, Kia Motors Corp., Mazda Motor Corp., Mitsubishi Corp., Nissan Motor Co. Ltd., Scania AB, Stellantis NV, Tan Chong Motor Holdings Berhad, Tata Motors Ltd., Toyota Motor Corp., and Vtruck. Also, the truck market in Vietnam analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.