Truck Market in Vietnam to grow by 41,610 units; AB Volvo and Beijing Automotive Group Co. Ltd. emerge as Key Vendors

NEW YORK, November 22, 2022 /PRNewswire/ — The “Truck Market i Vietnam Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026” The report was added to Technavio’s offer. The report expects the market size to increase by 41,610 units between 2021 and 2026. Trucks market in Vietnam it is fragmented with the presence of several regional and international players. The vendors in the market are focusing on new vehicle launches and forming strategic alliances to stay competitive and gain an advantage over their competitors. For example, i October 2021, General Motors Co signed an MoU with GE Renewable Energy to develop a supply chain of rare earths and other materials to support the adoption of EVs and renewable energy. Likewise, i June 2021Scania AB acquired rights to the Svempas trademark. Get more insights into the vendor landscape. Download the report for free in PDF format

Technavio has announced its latest market research report titled Truck Market in Vietnam 2022-2026

Technavio has announced its latest market research report titled Truck Market in Vietnam 2022-2026

Truck Market i Vietnam 2022-2026: Scope

Technavio presents a detailed picture of the market through the study, synthesis and aggregation of data from multiple sources. The Vietnam truck market report covers the following areas:

Truck Market i Vietnam 2022-2026: Separation

The truck market i Vietnam divided as below:

By type, market growth in the domestic segment will be significant over the forecast period. The domestic segment covers the sale of trucks manufactured in Vietnam own. Domestically manufactured trucks account for more than 60% of all truck sales Vietnam. Like many other countries, Vietnam relying on lower manufacturing costs to gain competitive advantage. Currently, to compete in the global market, the country is looking for significant growth opportunities in supply chain efficiencies. Thus, all the above mentioned factors support the assembly and production of trucks in the country.

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By tonnage, the market growth will be significant in the less than 10 T segment during the forecast period. Trucks with a gross vehicle weight (GVW) of less than 10 tonnes include various types of light duty trucks. These trucks are basically used for intra-city and inter-city transportation. Light duty trucks play a vital role in the final delivery of time-critical goods, high-value goods and support services. They are mainly used in space-strapped urban areas and have seen significant adoption Vietnam. The rising traffic congestion is pushing for the adoption of light duty trucks over heavy and medium duty trucks for transporting cargo within urban cities in Vietnam. Identify potential segments to invest in over the forecast period. Free download sample report

Truck Market i Vietnam 2022-2026: Vendor Analysis

Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their market base. Market sellers need to leverage existing growth prospects in the fast growing segments, and maintain their position in the slow growing segments. Some include AB Volvo, Beijing Automotive Group Co. Ltd., Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Scania AB, Stellantis NV, Toyota Motor Corp., and UD Trucks Corp. of the major market participants. Discover market potential and make informed business decisions based on qualitative and quantitative evidence exclusively highlighted in this market study. Buy Report!

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Truck Market i Vietnam 2022-2026: Key highlights

  • CAGR of the market during the forecast period 2022-2026

  • Detailed information on factors that will help the growth of the truck market i Vietnam during the next five years

  • Estimation of truck market size i Vietnam and its contribution to the parent market

  • Predictions of upcoming trends and changes in consumer behavior

  • The growth of the truck market i Vietnam

  • Analysis of the competitive market landscape and detailed vendor information

  • Comprehensive data on factors that will challenge the growth of vendors in the truck market i Vietnam

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Related Reports:

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  • The IS pickup truck market value in usa is projected to grow by 941.57 thousand units at a CAGR of 6% during 2021-2025. Key drivers such as increased utility of pickup trucks are particularly supporting the growth of the pickup truck market in the US. However, factors such as increasing sales of used vehicles in the US have been identified as market challenges that are restraining the growth of the market.

Truck Market in Vietnam Scope

Report Cover

Details

Page number

120

Primary year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.43%

Market growth 2022-2026

41,610 units

Market structure

Fragmented

YoY Growth (%)

6.94

Regional analysis

Vietnam

Competitive landscape

Leading companies, competitive strategies, scope of consumer involvement

Companies profiled

AB Volvo, Beijing Automotive Group Co. Ltd., Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Scania AB, Stellantis NV, Toyota Motor Corp., and UD Trucks Corp.

Market Dynamics

Parenteral market analysis, Inducers and barriers to market growth, Fast growing and slow growing segment analysis, impact of COVID-19 and future consumer dynamics, and market condition analysis for the forecast period.

Custom view

If the data you are looking for is not included in our report, you can contact our analysts and customize the sections.

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Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Size

Five Forces Analysis

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Domestic – Market size and forecast 2021-2026

  • Imported – Market size and forecast 2021-2026

  • Market opportunity by type

Market Segmentation by Tonnage

  • Market segments

  • Comparison by Tonnage

  • Less than 10 T – Market size and forecast 2021-2026

  • More than 10 T – Market size and forecast 2021-2026

  • Market opportunity by Tonnage

Customer landscape

  • Market drivers

  • Market challenges

  • Market trends

Seller Landscape

  • Seller landscape

  • Disturbance of the landscape

Vendor Analysis

Appendix

About us

Technavio is a global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library contains more than 17,000 reports and counting, covering 800 technologies, across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios. changing.

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