Report Description

Vietnam High-Performance Trucks Market is projected to grow at a robust CAGR during 2022-2027 owing to increasing stringency of emission norms, growing manufacturing & demand for low-emission alternative-fuel engines, growing technological advancements, growing construction activities and growing organized logistics sector. Moreover, in 2021, Vietnam jumped five spots to sixth place in the 2021 Global Retail Development Index (GRDI). The country was also among the top 30 developing countries for retail investment worldwide. Growing retail industry will boost the High-Performance Trucks Market in Vietnam. Based on vehicle type, the market has been segmented into Medium- & Heavy-Duty Trucks and Pickup Trucks. The pickup trucks segments are projected to dominate the market during the forecast period owing to growing logistics industry, high-performance, enhanced driver experience, and fuel efficiency. Based on application segment, the market has been segmented into Refrigeration, Special Application, Dumping, Distribution, Container, Tanker and Others. The dumping trucks are projected to be the largest segment for high-performance trucks owing to increasing infrastructural activities and upgradation of country’s road network facilities.

Some of the leading players in the Vietnam High-Performance Trucks Market are Scania, MAN, Volvo, Daimler, PACCAR, General Motors, Toyota, Ford, Nissan, FCA etc.

Objective of the Study:

  • To analyse and forecast the market size of 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, application, fuel type, transmission type 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 High-Performance Trucks Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Vietnam High-Performance Trucks 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 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 High-Performance Trucks 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:

  • Medium- and heavy-duty truck OEMs
  • Engine suppliers
  • Alternate fuel technology suppliers
  • Pickup truck OEMs
  • Industry associations and experts
  • Dealers/Distributors
  • 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.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Vehicle Type

·         Power Output

·         Transmission Type

Region Scope

South Vietnam, North Vietnam, Central Vietnam

Key Companies Profiled

Scania, MAN, Volvo, Daimler, PACCAR, General Motors, Toyota, Ford, Nissan, FCA.

Customization Scope

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

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 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 Type:
    • Automatic
    • Manual
  •  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 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.

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] 

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of Covid-19 in Vietnam, High-Performance Trucks Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Awareness

5.3.  Brand Satisfaction Level

6.    Vietnam High-Performance Trucks Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Light Duty Truck, Medium Duty Truck, Heavy Duty Truck)

6.2.2.     By Power Output (250–400 HP, 401–550 HP and >550 HP)

6.2.3.     By Transmission (Automatic, Manual)

6.2.4.     By Fuel Type (Diesel, Petrol/CNG, Others)

6.2.5.     By Region

6.2.6.     By Company (2021)

6.3.  Market Attractiveness Index

7.    Vietnam High Performance Light Duty Truck Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Power Output

7.2.2.     By Transmission

7.2.3.     By Fuel Type

8.    Vietnam High Performance Medium Duty Truck Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Power Output

8.2.2.     By Transmission

8.2.3.     By Fuel Type

9.    Vietnam High Performance High Duty Truck Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Power Output

9.2.2.     By Transmission

9.2.3.     By Fuel Type

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Product Benchmarking

14.  Vietnam Economic Profile

15.  Competitive Landscape

15.1.              Company Profiles (Top 10 Companies)

15.1.1.  FCA US LLC

15.1.2.  UD Trucks Corp.

15.1.3.  Tata Motors.

15.1.4.  Foton Motor Inc

15.1.5.  Daimler AG

16. Strategic Recommendation

Figures and Tables

Frequently asked questions

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Factors like growing construction sector in the country, penetration of alternate drive system in truck industry, growing urbanization and growing retail sector are driving the growth of the Vietnam high performance truck market in the forecast years, 2023-2027.

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Scania, MAN, Volvo, Daimler, PACCAR, General Motors, Toyota, Ford, Nissan, FCA, among others are leading the Vietnam high performance truck market in the forecast period, 2023-2027.

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The Vietnam high performance truck market was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2021 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Srishti Verma

Business Consultant
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