Vietnam electric bus market is in its nascent stage and is expected to grow at a steady rate during the forecast period. An electric bus is physically similar to conventional bus in appearance, but it is totally different in the respective operating system. The difference in power generating mechanism of both buses is the main variation. Technically, a conventional bus consumes either diesel or gasoline and undergoes internal combustion while an electric bus is electrified by chemical energy in batteries box that later turns into electrical energy. Electric bus is the emerging technology which is eco-friendly and designed to reduce carbon emission level.

Rising global fuel prices and low cost of electricity in Vietnam are the major factors driving Vietnam electric bus market. Additionally, factors such as increasing urbanization, improving infrastructure, road construction & expansion, among others are further fueling the market. Moreover, the young and increasingly wealthy population is open to change and gives more importance to personal and environmental health which is further spurring demand for electric buses. Additionally, cities such as Hanoi and Ho Chi Minh have extreme levels of pollution and chronically underperforming public transport system.

The Vietnam electric bus market is segmented based on seating type, battery type, application, bus length, region and company. Based on battery type, the market can be divided into lead acid and lithium ion. Lithium ion battery segment is expected to grow at a fast pace owing to their high energy density as compared to their weight. Based on length, the market can be fragmented into 6-8m, 9-12m and above 12m. Of all, the 9-12m segment is expected to dominate the market since this is the standard size for the buses.

The major players operating in the electric bus market are VinFast, THACO and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. VinFast has signed two contracts on the supply of technology and spare parts for electric bus manufacturing with Siemens Vietnam Company. The first line of electric buses is expected to debut by the end of 2019.

Years considered for this report:

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of Vietnam electric bus market.
  • To classify and forecast Vietnam electric bus market based on seating capacity, battery type, application, bus length, company and regional distribution.
  • To identify drivers and challenges for Vietnam electric bus market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam electric bus market.
  • To conduct pricing analysis for Vietnam electric bus market.
  • To identify and analyze the profile of leading players operating in Vietnam electric bus market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of electric bus manufacturers/suppliers across the country. 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 electric bus manufacturers/suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

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


Key Target Audience:

  • Electric bus manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to electric bus

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

Report Scope:

In this report, Vietnam electric bus market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Seating Capacity:
    • Up to 30-Seater
    • 31-40-Seater
    • Above 40
  • Market, By Battery Type:
    • Lead Acid
    • Lithium Ion
  • Market, By Application:
    • Intercity
    • Intracity
    • Airport Bus
  • Market, By Bus Length:
    • 6-8m
    • 9-12m
    • Above 12m
  • Regions:
    • South Vietnam
    • North Vietnam
    • Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam electric bus market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a 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).
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com 

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Vietnam Electric Bus Market Outlook

4.1.   Market Size & Forecast

4.1.1. By Value & Volume

4.2.   Market Share & Forecast

4.2.1. By Seating Capacity (Up to 30-Seater; 31-40-Seater; Above 40)

4.2.2. By Battery Type (Lead Acid and Lithium Ion)

4.2.3. By Application (Intercity; Intracity; Airport Bus)

4.2.4. By Bus Length (6-8m; 9-12m; Above 12m)

4.2.5. By Region

4.2.6. By Company (2018)

4.3.   Market Attractiveness Index

4.4.   Pricing Analysis

5.     Vietnam Electric Bus Up to 30-Seater Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value & Volume          

5.2.   Market Share & Forecast

5.2.1. By Battery Type

5.2.2. By Application

5.2.3. By Bus Length

5.3.   Pricing Analysis

6.     Vietnam Electric Bus 31- 40-Seater Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume          

6.2.   Market Share & Forecast

6.2.1. By Battery Type

6.2.2. By Application

6.2.3. By Bus Length

6.3.   Pricing Analysis

7.     Vietnam Electric Bus Above 40-Seater Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume          

7.2.   Market Share & Forecast

7.2.1. By Battery Type

7.2.2. By Application

7.2.3. By Bus Length

7.3.   Pricing Analysis

8.     Product Benchmarking

9.     Market Dynamics

9.1.   Drivers

9.2.   Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Vietnam Economic Profile

13.  Competitive Landscape

14.  Strategic Recommendations

(Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com