Vietnam Truck & Bus Tire Market Overview
As per recent research by MarkNtel Advisors, the Vietnam Truck & Bus Tire Market size is valued at around USD 384 million in 2024 & is estimated to grow at a CAGR of around 5.86% during the forecast period, i.e., 2024-30.
Vietnam Truck & Bus Tire Market Dynamics
Market Drivers : Surge in Infrastructure Development Activities Driving Market Growth –
Vietnam is planning to spend around USD 65 billion on infrastructure development during 2021-30. The nation plans to build expressways, railway lines, ports, airports, etc., under its Master Plan 2030. Vietnam is making plans to develop around 10,000 km of expressways for high-paced transportation. Additionally, the country is running closer to putting in place dams, thermal power plants, and warehouses for the well-timed shipping of products. The enlargement of cities to deal with the developing wishes of the urban population is contributing to the growth & development of trucks and buses in the country. Therefore, the aftermarket sale of tires for these automobiles is predicted to grow in the years to come.
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Vietnam Truck & Bus Tire Market Segmentation Overview 2024-2030: Key Factors
By Vehicle Type
-Truck- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Bus- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
By Demand Type
-OEM - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Aftermarket - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
By Tire Type
-Radial - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Bias - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
By Tire Size
-Tire Size 1- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Tire Size 2- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Tire Size 3-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Tire Size 4-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Tire Size 5-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
By Price Category
-Budget (Upto USD 180)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Economy (USD181 to 300)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Premium (Above 300)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
By Sales Channel
-Direct Sales- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Exclusive Outlets- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Multi Brand Stores- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
-Online- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
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Vietnam Truck & Bus Tire Market Geographical Insights:
By Region:
-Central
-East
-West
-South
Key Players and Competitive Strategies in the Vietnam Truck & Bus Tire Market
Several prominent players dominate the Vietnam Truck & Bus Tire Market, including:
- Bridgestone Corporation
- Michelin
- Casumina (Southern Rubber Industry Joint Stock Company)
- Sailun
- Goodyear
- Yokohama Rubber Co. Ltd.
- Zhongce Rubber Group Co. Ltd.
- Kumho Tire
- Others
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Questions Addressed in this Study
1.How big is the Vietnam Truck & Bus Tire Market Size?
2.What is the Vietnam Truck & Bus Tire Market Growth?
3.Who are the key players of the Vietnam Truck & Bus Tire Market?
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