Vietnam Electric Commercial Vehicle Market, By Vehicle Type, By Propulsion Type, By Range, By Battery Capacity, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising demand for electric commercial vehicles such as electric trucks in the logistic industry and the increasing focus of government on promoting electrification in the country. The high demand for electric buses in transport fleets due to increasing urbanization and rising pollution levels leads to increased adoption of electric commercial vehicles. Besides, stringent government regulations and stiff competition have compelled automotive OEMs to make fuel-efficient and eco-friendly electric vehicles, supporting the growth of the Vietnam electric commercial vehicle market. Various logistic companies have started taking an interest in the electrification of trucks to reduce operating costs and lower carbon footprint, which is positively influencing the growth of the Vietnam electric commercial vehicle market. A surge in demand for low-emission, fuel-efficient, and high-performance vehicles owing to fluctuating oil prices and enhanced focus on sustainability are adding to the growth of the Vietnam electric commercial vehicle market during the forecast period. Tremendous growth among sectors like logistics and supply chain industries and stringent norms in the country are pushing many companies to electrify their vehicles, supporting market growth. Moreover, advancements in battery technology and the use of the latest technologies like ADAS, AI, IoT, etc., and huge investments by market players to introduce advanced features to their vehicles are propelling the growth of the Vietnam electric commercial vehicle market.

Vietnam electric commercial vehicle market is segmented based on vehicle type, propulsion type, range, battery capacity, region, and company. Based on propulsion type, the market has been categorized into BEV, HEV, PHEV, and FCEV. In 2021, the BEV accounted for the largest market share in the Vietnam electric commercial vehicle market, and the segment is expected to dominate the market in the coming years. The BEV electric commercial vehicles are cheaper than petrol/diesel vehicles and provide a better range, which has led to their increased adoption.

Leading players in the Vietnam electric commercial vehicle Market are Daimler, Tesla, Proterra, Nissan, BYD, Honda, Hyundai, VDL, ABB, Volvo, etc.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze and forecast the market size of Vietnam Electric Commercial Vehicle Market, in terms of value and volume.
• To classify and forecast Vietnam Electric Commercial Vehicle Market based on propulsion type, range, battery capacity, regional distribution, and company forecast.
• To identify drivers and challenges for Vietnam Electric Commercial Vehicle Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Electric Commercial Vehicle Market.
• To conduct the pricing analysis for Vietnam Electric Commercial Vehicle Market.
• To identify and analyze the profile of leading players involved in the Vietnam Electric Commercial Vehicle Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers, which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across Vietnam.

TechSci Research calculated the market size of Vietnam Electric Commercial Vehicle Market using a bottom-up approach, where data for various end user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Electric Commercial Vehicle Manufacturers
• Automotive OEMs
• Traders, Distributors, and Suppliers
• Raw Material Suppliers
• Industry associations and experts
• Research organizations and consulting companies
• Research Institutes
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam Electric Commercial Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Electric Commercial Vehicle Market, By Vehicle Type:

Electric Truck

Electric Bus

• Vietnam Electric Commercial Vehicle Market, By Propulsion Type:

BEV

HEV

PHEV

FCEV

• Vietnam Electric Commercial Vehicle Market, By Range:

Upto 100 Miles

100-200 Miles

201-300 Miles

Above 300 Miles

• Vietnam Electric Commercial Vehicle Market, By Battery Capacity:

Less than 100 kWh

100-200 kWh

200-300 kWh

Above 300 kWh

• Vietnam Electric Commercial Vehicle Market, By Region:

South Vietnam

North Vietnam

Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietanm Electric Commercial Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.