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.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.15%
CAGR	8.05%
Incremental Value	$1.50bn

Technavio's truck market in Vietnam is segmented as below:

By Vehicle Category

Less than 10 T
More than 10 T

By Type

Domestic
Imported

By Product Type

Manual
Automatic

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.

Product Code: IRTNTR71557

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Vehicle Category
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on Vietnam - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Data Table on Vietnam - Market size and forecast 2023-2028 ($ billion)
Exhibit 14: Chart on Vietnam: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on Vietnam: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Truck market in Vietnam 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on truck market in Vietnam 2018 - 2022 ($ billion)
4.2 Vehicle Category Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Vehicle Category Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Product Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Type Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Vehicle Category

6.1 Market segments
Exhibit 27: Chart on Vehicle Category - Market share 2023-2028 (%)
Exhibit 28: Data Table on Vehicle Category - Market share 2023-2028 (%)
6.2 Comparison by Vehicle Category
Exhibit 29: Chart on Comparison by Vehicle Category
Exhibit 30: Data Table on Comparison by Vehicle Category
6.3 Less than 10 T - Market size and forecast 2023-2028
Exhibit 31: Chart on Less than 10 T - Market size and forecast 2023-2028 ($ billion)
Exhibit 32: Data Table on Less than 10 T - Market size and forecast 2023-2028 ($ billion)
Exhibit 33: Chart on Less than 10 T - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Less than 10 T - Year-over-year growth 2023-2028 (%)
6.4 More than 10 T - Market size and forecast 2023-2028
Exhibit 35: Chart on More than 10 T - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Data Table on More than 10 T - Market size and forecast 2023-2028 ($ billion)
Exhibit 37: Chart on More than 10 T - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on More than 10 T - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Vehicle Category
Exhibit 39: Market opportunity by Vehicle Category ($ billion)
Exhibit 40: Data Table on Market opportunity by Vehicle Category ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 41: Chart on Type - Market share 2023-2028 (%)
Exhibit 42: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 43: Chart on Comparison by Type
Exhibit 44: Data Table on Comparison by Type
7.3 Domestic - Market size and forecast 2023-2028
Exhibit 45: Chart on Domestic - Market size and forecast 2023-2028 ($ billion)
Exhibit 46: Data Table on Domestic - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Chart on Domestic - Year-over-year growth 2023-2028 (%)
Exhibit 48: Data Table on Domestic - Year-over-year growth 2023-2028 (%)
7.4 Imported - Market size and forecast 2023-2028
Exhibit 49: Chart on Imported - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Data Table on Imported - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Chart on Imported - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Imported - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 53: Market opportunity by Type ($ billion)
Exhibit 54: Data Table on Market opportunity by Type ($ billion)

8 Market Segmentation by Product Type

8.1 Market segments
Exhibit 55: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 56: Data Table on Product Type - Market share 2023-2028 (%)
8.2 Comparison by Product Type
Exhibit 57: Chart on Comparison by Product Type
Exhibit 58: Data Table on Comparison by Product Type
8.3 Manual - Market size and forecast 2023-2028
Exhibit 59: Chart on Manual - Market size and forecast 2023-2028 ($ billion)
Exhibit 60: Data Table on Manual - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Chart on Manual - Year-over-year growth 2023-2028 (%)
Exhibit 62: Data Table on Manual - Year-over-year growth 2023-2028 (%)
8.4 Automatic - Market size and forecast 2023-2028
Exhibit 63: Chart on Automatic - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on Automatic - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on Automatic - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Automatic - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Product Type
Exhibit 67: Market opportunity by Product Type ($ billion)
Exhibit 68: Data Table on Market opportunity by Product Type ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 70: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 72: Overview on factors of disruption
11.4 Industry risks
Exhibit 73: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 74: Vendors covered
12.2 Market positioning of vendors
Exhibit 75: Matrix on vendor position and classification
12.3 AB Volvo
Exhibit 76: AB Volvo - Overview
Exhibit 77: AB Volvo - Business segments
Exhibit 78: AB Volvo - Key news
Exhibit 79: AB Volvo - Key offerings
Exhibit 80: AB Volvo - Segment focus
12.4 Beijing Automotive Group Co. Ltd.
Exhibit 81: Beijing Automotive Group Co. Ltd. - Overview
Exhibit 82: Beijing Automotive Group Co. Ltd. - Product / Service
Exhibit 83: Beijing Automotive Group Co. Ltd. - Key offerings
12.5 Daimler Truck AG
Exhibit 84: Daimler Truck AG - Overview
Exhibit 85: Daimler Truck AG - Business segments
Exhibit 86: Daimler Truck AG - Key offerings
Exhibit 87: Daimler Truck AG - Segment focus
12.6 Ford Motor Co.
Exhibit 88: Ford Motor Co. - Overview
Exhibit 89: Ford Motor Co. - Business segments
Exhibit 90: Ford Motor Co. - Key news
Exhibit 91: Ford Motor Co. - Key offerings
Exhibit 92: Ford Motor Co. - Segment focus
12.7 General Motors Co.
Exhibit 93: General Motors Co. - Overview
Exhibit 94: General Motors Co. - Business segments
Exhibit 95: General Motors Co. - Key news
Exhibit 96: General Motors Co. - Key offerings
Exhibit 97: General Motors Co. - Segment focus
12.8 Honda Motor Co. Ltd.
Exhibit 98: Honda Motor Co. Ltd. - Overview
Exhibit 99: Honda Motor Co. Ltd. - Business segments
Exhibit 100: Honda Motor Co. Ltd. - Key news
Exhibit 101: Honda Motor Co. Ltd. - Key offerings
Exhibit 102: Honda Motor Co. Ltd. - Segment focus
12.9 Hyundai Motor Co.
Exhibit 103: Hyundai Motor Co. - Overview
Exhibit 104: Hyundai Motor Co. - Business segments
Exhibit 105: Hyundai Motor Co. - Key news
Exhibit 106: Hyundai Motor Co. - Key offerings
Exhibit 107: Hyundai Motor Co. - Segment focus
12.10 Isuzu Motors Ltd.
Exhibit 108: Isuzu Motors Ltd. - Overview
Exhibit 109: Isuzu Motors Ltd. - Product / Service
Exhibit 110: Isuzu Motors Ltd. - Key offerings
12.11 Kia Motors Corp.
Exhibit 111: Kia Motors Corp. - Overview
Exhibit 112: Kia Motors Corp. - Business segments
Exhibit 113: Kia Motors Corp. - Key offerings
Exhibit 114: Kia Motors Corp. - Segment focus
12.12 Mazda Motor Corp.
Exhibit 115: Mazda Motor Corp. - Overview
Exhibit 116: Mazda Motor Corp. - Business segments
Exhibit 117: Mazda Motor Corp. - Key offerings
Exhibit 118: Mazda Motor Corp. - Segment focus
12.13 Mitsubishi Corp.
Exhibit 119: Mitsubishi Corp. - Overview
Exhibit 120: Mitsubishi Corp. - Business segments
Exhibit 121: Mitsubishi Corp. - Key news
Exhibit 122: Mitsubishi Corp. - Key offerings
Exhibit 123: Mitsubishi Corp. - Segment focus
12.14 Nissan Motor Co. Ltd.
Exhibit 124: Nissan Motor Co. Ltd. - Overview
Exhibit 125: Nissan Motor Co. Ltd. - Business segments
Exhibit 126: Nissan Motor Co. Ltd. - Key news
Exhibit 127: Nissan Motor Co. Ltd. - Key offerings
Exhibit 128: Nissan Motor Co. Ltd. - Segment focus
12.15 Scania AB
Exhibit 129: Scania AB - Overview
Exhibit 130: Scania AB - Business segments
Exhibit 131: Scania AB - Key offerings
Exhibit 132: Scania AB - Segment focus
12.16 Stellantis NV
Exhibit 133: Stellantis NV - Overview
Exhibit 134: Stellantis NV - Business segments
Exhibit 135: Stellantis NV - Key news
Exhibit 136: Stellantis NV - Key offerings
Exhibit 137: Stellantis NV - Segment focus
12.17 Toyota Motor Corp.
Exhibit 138: Toyota Motor Corp. - Overview
Exhibit 139: Toyota Motor Corp. - Business segments
Exhibit 140: Toyota Motor Corp. - Key news
Exhibit 141: Toyota Motor Corp. - Key offerings
Exhibit 142: Toyota Motor Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 143: Inclusions checklist
Exhibit 144: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 145: Currency conversion rates for US$
13.4 Research methodology
Exhibit 146: Research methodology
Exhibit 147: Validation techniques employed for market sizing
Exhibit 148: Information sources
13.5 List of abbreviations
Exhibit 149: List of abbreviations