With a population of around 91 million in 2015, Vietnam has emerged as one of the rapidly developing markets for automotive tires in Asia-Pacific region owing to favorable taxation reforms and regional trade agreements. Due to continuous increase in the country’s per capita GDP, motorization rate of Vietnam has been growing at a brisk pace. As per the data released by the ASEAN Automotive Federation, the production of automobiles (passenger car and commercial vehicles) in Vietnam increased from 100.47 thousand units in 2011 to 171.75 thousand units in 2015. Moreover, in 2014, the Government of Vietnam approved the Automobile Sector Development Strategy and Master Plan 2020. As per the plan, the country is expected to manufacture 227,000 units of automobiles and establish itself as the global supplier of spare parts and high-value items by 2020. These factors are expected to positively influence the country’s tire market over the next five years.

According to “VietnamTire Market Forecast & Opportunities, 2021”, tire market in Vietnam is projected to cross US$ 3 billion by the end of 2021. In 2015, the country’s tire market was dominated by the two-wheeler tire segment, owing to huge and continuously expanding two-wheeler fleet size. The country’s two-wheeler fleet size is anticipated to increase from 45 million units in 2015 to 62 million units by 2021. Region-wise, South Vietnam was the largest demand generator of tires during 2011-2015 as the region has evolved as the country’s economic powerhouse due to largescale infrastructure development activities coupled with increasing population and business activities. “Vietnam Tire Market Forecast & Opportunities, 2021” discusses the following aspects of tire market in Vietnam:

  • Vietnam Tire Market Size, Share & Forecast
  • Segmental Analysis – Two-Wheeler, Passenger Car, Light Truck, Medium Truck, Heavy Truck, Bus and OTR
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of Vietnam tire market
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, tire companies, distributors and other stakeholders align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interaction with tire companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Vietnam Tire Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume

4.2.    Market Share & Forecast

4.2.1.By Vehicle Type (Two-Wheeler, Passenger Car, Light Truck, Medium Truck, Heavy Truck, Bus, and OTR)

4.2.2.By Tire Type (Radial Vs. Bias)

4.2.3.By Company

4.2.4.By Region

4.2.5.By Demand Category (OEM Vs. Replacement)

5.       Vietnam Two-Wheeler Tire Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value & Volume

5.2.    Market Share & Forecast

5.2.1.By Vehicle Type (Motorcycle Tire, Scooter Tire, and Electric & Hybrid Two-Wheeler Tire)

5.2.2.By Demand Category (OEM Vs. Replacement)

5.3.    Popular Tire Sizes

6.       Vietnam Passenger Car Tire Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Demand Category (OEM Vs. Replacement)

6.2.2.By Vehicle Type (Sedan, SUV, Hatchback & Hybrid)

6.3.    Popular Tire Sizes

7.       Vietnam Light Truck Tire Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Popular Tire Sizes

8.       Vietnam OTR Tire Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Vehicle Type (Agriculture Tire, Construction, Mining & Industrial Tire, and Others)

8.3.    Popular Tire Sizes

9.       Vietnam Bus Tire Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Tire Type (Radial Vs. Bias)

9.3.    Popular Tire Sizes

10.   Vietnam Heavy Truck Tire Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value & Volume

10.2.   Market Share & Forecast

10.2.1.    By Demand Category (OEM Vs. Replacement)

10.2.2.    By Tire Type (Radial Vs. Bias)

10.3.   Popular Tire Sizes

11.   Vietnam Medium Truck Tire Market Outlook

11.1.   Market Size & Forecast

11.1.1.    By Value & Volume

11.2.   Market Share & Forecast

11.2.1.    By Demand Category (OEM Vs. Replacement)

11.2.2.    By Tire Type (Radial Vs. Bias)

11.3.   Popular Tire Sizes

12.   Supply Chain Analysis

13.   Import-Export Analysis

14.   Market Dynamics

14.1.   Drivers

14.2.   Challenges

15.   Market Trends & Developments

15.1.   Radial Tires: A Popular Choice of Vehicle Owners

15.2.   Increasing Online Tire Sales

15.3.   Easy Availability of Natural Rubber Attracting Foreign Companies to Set Up Manufacturing Plants in Vietnam

15.4.   Increasing Tire Export

15.5.   Increasing Usage of New Tire Technologies

15.6.   Increasing Demand for Mini Bus Tires

16.   Policy & Regulatory Landscape

17.   Vietnam Economic Profile

18.   Competitive Landscape

18.1.1.    Danang Rubber Joint Stock Company

18.1.2.    The Southern Rubber Industry JSC

18.1.3.    Bridgestone Tire Sales Vietnam Limited Liability Company

18.1.4.    Yokohama Tyre Vietnam Inc.

18.1.5.    Michelin Vietnam Co., Ltd

18.1.6.    Sao Vang Rubber Joint Stock Company

18.1.7.    Kumho Tire Co., Ltd. Vietnam

18.1.8.    Continental Ag

18.1.9.    Goodyear Vietnam Co. Ltd

18.1.10.   Cheng Shin Rubber (Vietnam) Ind. Ltd

19.   Strategic Recommendations

  • List of Figures

    Figure 1: Vietnam Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 2: Vietnam Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

    Figure 3: Vietnam Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2011-2021F

    Figure 4: Vietnam Tire Market Share, By Company, By Value, 2011-2021F

    Figure 5: Vietnam Tire Market Share, By Region, By Value, 2011-2021F

    Figure 6: Vietnam Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

    Figure 7: Vietnam Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 8: Vietnam Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

    Figure 9: Vietnam Two-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

    Figure 10: Vietnam Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 11: Vietnam Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

    Figure 12: Vietnam Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

    Figure 13: Vietnam Light Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 14: Vietnam Off-the-Road (OTR) Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 15: Vietnam Off-the-Road (OTR) Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

    Figure 16: Vietnam Bus Tire Market, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 17: Vietnam Heavy Bus Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F

    Figure 18: Vietnam Light Bus Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F

    Figure 19: Vietnam Heavy Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 20: Vietnam Heavy Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

    Figure 21: Vietnam Heavy Truck Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F

    Figure 22: Vietnam Medium Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

    Figure 23: Vietnam Medium Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2011-2021F

    Figure 24: Vietnam Medium Truck Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F

    Figure 25: Vietnam Internet Penetration, 2010–2014 (%)

     

    List of Tables

    Table 1: Vietnam Average Selling Price of Tire in Replacement Market, By Vehicle Type, 2011-2015 (USD)

    Table 2: Vietnam Average Selling Price of Tire in Replacement Market, By Vehicle Type, 2016E-2021F (USD)

    Table 3: Vietnam Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011–2020F (Million Units)

    Table 4: Vietnam Two-Wheeler Production, By Volume, 2011–2015 (Million Units)

    Table 5: Vietnam Two-Wheeler Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011–2021F (Million Units)

    Table 6: Vietnam Popular Two-Wheeler Tire Sizes, As of 2015

    Table 7: Vietnam Passenger Car Production, By Volume, 2011–2015 (Thousand Units)

    Table 8: Vietnam Passenger Car Sales, By Volume, 2011–2015 (Thousand Units)

    Table 9: Vietnam Gross National Income (GNI) per Capita, 2010–2014 (USD)

    Table 10: Vietnam Passenger Car Fleet, By Volume, 2011–2015 (Million Units)

    Table 11: Vietnam Passenger Car Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011 – 2021F (Million Units)

    Table 12: Vietnam Popular Passenger Car Tire Sizes, As of 2015

    Table 13: Vietnam Popular Light Truck Tire Sizes, As of 2015

    Table 14: Vietnam Popular Off-the-Road (OTR) Tire Sizes, As of 2015

    Table 15: Vietnam Bus Sales, By Volume, 2011–2015 (Units)

    Table 16: Vietnam Popular Bus Tire Sizes, As of 2015

    Table 17: Vietnam Heavy Truck Production/Assembly, By Volume, 2011–2015 (Units)

    Table 18: Vietnam Average Currency Exchange Rate - USD to Dong, 2011–2015

    Table 19: Vietnam Commercial Vehicle Sales, By Volume, 2011–2015 (Thousand Unit)

    Table 20: Vietnam Construction Industry Size, 2016E-2021F (USD Billion)

    Table 21: Vietnam Heavy Truck Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011–2021F (Million Units)

    Table 22: Vietnam Heavy Truck Tire Market Size, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F (Million Unit)

    Table 23: Vietnam Popular Heavy Truck Tire Sizes, As of 2015

    Table 24: Vietnam Medium Truck Tire Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2011–2021F (Million Units)

    Table 25: Vietnam Popular Medium Truck Tire Sizes, As of 2015

    Table 26: Vietnam Tire Imports, By Vehicle Type, By Value, 2011-2014 (USD Million)

    Table 27: Vietnam Tire Exports, By Vehicle Type, By Value, 2011-2014 (USD Million)

    Table 28: Vietnam Automobile (Passenger Car & Commercial Vehicle) Production, By Volume (Thousand Units), 2011-2015

    Table 29: Vietnam Automobile (Passenger Car & Commercial Vehicle) Fleet, By Vehicle Type, By Volume (Million Units), 2011-2015

    Table 30: Few of the Key Infrastructure Projects in Vietnam

    Table 31: Vietnam Tire Exports, By Value, 2011-2014 (USD Million)

    Table 32: Vietnam Mini Bus Sales, By Volume, 2011-2015 (Units)