Vietnam electric commercial
vehicle market is projected to grow at a double digit CAGR during the
forecast period owing to increasing need for fuel-efficient & emission-free
vehicles and growing demand for electric commercial vehicle such as electric
truck in the logistics industry. Based on propulsion, the market has been
categorised into BEV, HEV, PHEV and FCEV. In 2022, the BEV accounts for the
largest market share in the electric commercial vehicle market and is projected
to grow with the highest CAGR during the forecast period as well.
Amidst lockdown due to COVID-19,
the country is anticipated to witness low vehicle sales in 2023; however,
growing demand for reducing GHGs and government incentives on purchase of
electric vehicle are projected to drive the market through 2028.
Moreover, Mitsubishi Motors will
cooperate with the Vietnam Industry Agency under the Industry & Trade
Ministry to study efficient EV usage and public policy programs that can
support speedy adoption of sustainable automotive technology. Based on range,
the market has been categorised into 0-150 Miles, 151-250 Miles, 251-500 Miles
and 500 Miles & Above. Above 500 miles range segment is anticipated to grow
at a highest CAGR during the forecast period since most of the electric
commercial vehicles produced and sold over the forecast period will be buses.
The major player operating in Vietnam
electric commercial vehicle Market are Daimler, Tesla, Proterra, Nissan, BYD,
Honda, Hyundai, VDL, ABB and Volvo. Most of the companies are doing good with
developing new products along with new advanced technologies to stay strong in
the Vietnam electric commercial vehicle market. Many companies are merging with
other companies as a part of a strategy for good dealing and to cope with
market competition.
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Objective of the Study:
- To analyse and forecast the market size of Electric
Commercial Vehicle Market, in terms of value and volume.
- To classify and forecast Vietnam Electric
Commercial Vehicle Market based on propulsion type, range, component and
regional distribution.
- 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 Electric
Commercial Vehicle Market.
- To identify and analyse the profile of leading
players involved in the manufacturing of 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 suppliers which could
not be identified due to the limitations of secondary research. TechSci
Research analysed the service offerings, distribution channels and presence of all
major collaboration manufacturer 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
industries 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:
- 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 firm.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as collaboration manufacturer and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
|
Details
|
|
Base Year
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2022
|
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Historical Years
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2018 – 2021
|
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Estimated Year
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2023E
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Forecast Period
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2024F – 2028F
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|
Quantitative Units
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Revenue in USD Million, and CAGR for 2018-FY2022 and 2023E-2028F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Propulsion
Type
·
Range
·
Component
|
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Region Scope
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North-Vietnam, South-Vietnam & Central-Vietnam
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|
Key Companies Profiled
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Daimler, Tesla, Proterra, Nissan, BYD, Honda, Hyundai, VDL, ABB,
Volvo
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|
Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
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 Propulsion Type:
- Vietnam Electric
Commercial Vehicle Market, By Range:
- 0-150 Miles
- 151-250 Miles
- 251-500 Miles
- 500 Miles & Above
- Vietnam Electric
Commercial Vehicle Market, By Component:
- Electric Motor
- EV Battery
- Hydrogen Fuel Cell
- Vietnam Electric Commercial Vehicle Market, by Geography:
- Vietnam
- South
Vietnam
- North Vietnam
- Central Vietnam
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Electric Commercial Vehicle 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.
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 [email protected]