Vietnam High-Performance Trucks Market, By Vehicle Type, By Power Output, By Transmission, By Fuel Type, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam high-performance trucks market is anticipated to grow at a formidable rate during the forecast period. The market growth can be attributed to the increasing stringency of emission norms and growing demand for low-emission alternative fuel engines. Rising technological advancements, growing construction activities and organized logistics sector are fuelling the growth of the Vietnam high-performance trucks market. Increasing focus towards fuel economy standards is boosting the growth of the Vietnam high-performance trucks market. Moreover, increasing demand for special application and long-haul trucks for efficient transportation of goods is expected to drive the growth of the Vietnam high-performance trucks market.

Increasing number of applications requiring high torque/power output owing to rapid urbanization and industrialization activities is creating a need for enhanced power output engines designed for carrying heavy loads. Additionally, rising investments in road infrastructure and fuel efficiency regulations are propelling the growth of the Vietnam high-performance trucks market. The growing need for high performance trucks with refrigeration to transport temperature sensitive items and other biological materials across various end user industries like healthcare, food & beverage, etc. are also adding to the market growth. Enhanced focus of government towards sanitization and hygiene has led to an increased adoption of garbage trucks across urban areas, which is expected to boost the growth of the Vietnam high-performance trucks market in the forecast period.

Vietnam high-performance trucks market is segmented on the basis of vehicle type, power output, transmission, fuel type, region, and company. Based on the vehicle type, the market has been segmented into Medium Duty Truck, Light Duty Truck and Heavy Duty Truck. The Medium Duty trucks segment is expected to hold the largest share in the market during the forecast period due to factors such as growing logistics industry and increased need for fuel efficiency.

Some of the leading players in the Vietnam High-Performance Trucks Market are FCA US LLC, UD Trucks Corp., Tata Motors, Foton Motor Inc, Daimler AG, 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 High-Performance Trucks Market, in terms of value and volume.
• To classify and forecast Vietnam High-Performance Trucks Market based on vehicle type, power output, fuel type, transmission and regional distribution.
• To identify drivers and challenges for Vietnam High-Performance Trucks Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam High-Performance Trucks Market.
• To conduct the pricing analysis for Vietnam High-Performance Trucks Market.
• To identify and analyze the profile of leading players operating in the Vietnam High-Performance Trucks 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 High-Performance Trucks Market using a bottom-up approach, where data for various end user segments and its application across various product types 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:

• Medium and heavy-duty truck OEMs
• Alternate fuel technology suppliers
• Industry associations and experts
• Dealers/Distributors
• 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 and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam High-Performance Trucks Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam High-Performance Trucks Market, By Vehicle Type:

Light Duty Truck

Medium Duty Truck

Heavy Duty Truck

• Vietnam High-Performance Trucks Market, By Power Output:

250-400 HP

401-550 HP

>550 HP

• Vietnam High-Performance Trucks Market, By Transmission:

Automatic

Manual

• Vietnam High-Performance Trucks Market, By Fuel Type

Diesel

Petrol/CNG

Others

• Vietnam High-Performance Trucks Market, By Region:

South Vietnam

North Vietnam

Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam High-Performance Trucks Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according 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.