Vietnam Two-Wheeler Tire Market - By Vehicle Type (Motorcycle, Moped, Scooter), By Sales Channel (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Propulsion Type (ICE, Electric, Others), By Region, Competition, Forecast & Opportunities, 2021-2031F

Key Insights	Details
Forecast Period	2027-2031
Market Size (2025)	USD 456.78 Million
CAGR (2026-2031)	5.91%
Fastest Growing Segment	Replacement
Largest Market	Southern Vietnam
Market Size (2031)	USD 644.66 Million

Market Overview

The Vietnam Two-Wheeler Tire Market will grow from USD 456.78 Million in 2025 to USD 644.66 Million by 2031 at a 5.91% CAGR. The Vietnam Two-Wheeler Tire Market involves the provision of tires for motorcycles, scooters, and mopeds, which remain the dominant personal transportation mode nationwide. Market growth is underpinned by several core drivers, including the extensive societal reliance on two-wheelers for commuting and commerce, with over 74 million units on the road by the end of 2023. Rapid urbanization and endemic traffic congestion further sustain demand, as two-wheelers offer essential agility and cost-effectiveness in dense urban landscapes. Additionally, increasing disposable incomes bolster consumer purchasing power for new vehicles and replacement tires.

According to the Vietnam Association of Motorcycle Manufacturers (VAMM), combined sales from its five members in 2025 totaled 2,615,057 units. A notable challenge to market expansion, however, stems from government policies to limit internal combustion engine two-wheelers, exemplified by Hanoi's planned ban on fossil-fueled motorbikes in central areas from mid-2026, creating consumer hesitation and market uncertainty.

Key Market Drivers

Two-Wheeler Dependency Sustains Tire Market Demand
High Two-Wheeler Dependency for Daily Commuting fundamentally drives the Vietnam Two-Wheeler Tire Market. The pervasive reliance on motorcycles and scooters for personal transportation, particularly in densely populated urban centers and for inter-province travel, necessitates a continuous supply of tires. This dependency is underscored by the robust manufacturing output, with domestic manufacturers producing an estimated 1,725,100 new motorcycles in the first five months of 2026, representing a significant 36% increase from the same period last year. This consistent flow of new vehicles into the market, alongside the existing large fleet, ensures a sustained foundational demand for both original equipment and replacement tires. The agility and cost-effectiveness offered by two-wheelers in navigating Vietnam's traffic congestion reinforce their indispensable role, directly correlating to ongoing tire consumption.

Robust Aftermarket Demand and Domestic Sales Drive Growth
The robust aftermarket demand for replacement tires further propels market expansion. With millions of two-wheelers in constant operation, tires are subject to regular wear and tear, necessitating frequent replacements. This aftermarket segment is a critical revenue stream for tire manufacturers and distributors. Reflecting the scale of activity within the domestic tire industry, according to Vietnam News on July 21, 2025, in the article 'Tyre firms struggle despite lower rubber prices', Casumina (CSM) reported a net profit of VNĐ72.07 billion in 2024, indicating substantial business operations driven by local demand. The overall Vietnam two-wheeler market continues to demonstrate vitality, with combined sales from Vietnam Association of Motorcycle Manufacturers (VAMM) members rising 8.3% year-on-year to 729,121 units in Q1 2026. This consistent new sales volume directly feeds the future aftermarket for tires, ensuring enduring growth.

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Key Market Challenges

Policy Restrictions on ICE Two-Wheelers in Vietnam Drive Tire Market Uncertainty
Government policies aimed at restricting internal combustion engine (ICE) two-wheelers represent a significant challenging factor for the Vietnam Two-Wheeler Tire Market. The planned ban on fossil-fueled motorbikes in central Hanoi from mid-2026, with further restrictions anticipated, is creating considerable consumer hesitation and market uncertainty. This directly impacts the demand for new ICE two-wheelers and, consequently, the associated replacement tires. Consumers become reluctant to invest in vehicles that face impending operational limitations, leading to delayed purchases or a shift towards alternative transportation modes. According to the Vietnam Association of Motorcycle Manufacturers (VAMM), total domestic sell-out volume for its five members in 2025 declined by 1.5% compared to 2024, indicating an early impact on market momentum. This policy-induced uncertainty stifles growth by reducing the overall market for traditional two-wheeler tires.

Key Market Trends

EV-driven tire development for electric two-wheelers
The Vietnam Two-Wheeler Tire Market is significantly impacted by the accelerating shift towards electric two-wheelers, driven by both environmental concerns and supportive government policies. This transition necessitates the development and adoption of specialized tires designed to meet the unique performance characteristics of electric vehicles, such as higher torque and the need for reduced rolling resistance. According to MotorCycles Data, June 2026, in the article 'Global electric two-wheeler market accelerates, Vietnam emerges as a key growth engine', sales of electric two-wheelers in Vietnam surged by 112.6% year-on-year during the first four months of 2026. This rapid growth directly influences tire manufacturers to innovate and expand their product portfolios to cater to the distinct requirements of this emerging vehicle segment, ensuring compatibility and optimal performance for electric motorcycles and scooters entering the market.

Sustained market growth drives diversified tire offerings
A second notable trend is the sustained growth in the overall two-wheeler market, which fuels continuous demand for diverse tire offerings. Beyond the electric segment, the underlying expansion of new two-wheeler sales signifies a dynamic market where consumers seek a wider variety of tire solutions tailored to specific riding conditions and performance preferences. This market vitality encourages manufacturers to offer specialized tires, including advanced designs and materials for enhanced durability, grip, and fuel efficiency across various terrains. MotorCycles Data further reported in June 2026 that total motorcycle sales in Vietnam reached approximately 1.28 million units in the first four months of the year, representing a 23.3% year-on-year increase. This consistent influx of new vehicles into the market sustains both original equipment and replacement tire demand, prompting an evolution in tire design and specialization to cater to the expanding and diversifying two-wheeler fleet.

Segmental Insights

Drivers of Replacement Tire Demand in Vietnam's Two-Wheeler Market
The Replacement segment is experiencing the most rapid growth within the Vietnam Two-Wheeler Tire Market. This acceleration is primarily driven by the nation's exceptionally high motorcycle ownership and their intensive use as a primary mode of transportation for daily commuting and commercial activities across both urban and rural landscapes. Furthermore, varying road conditions throughout Vietnam contribute to increased wear and tear, necessitating more frequent tire replacements. Rising disposable incomes also enable consumers to invest in higher-quality, durable tires, further stimulating demand in the aftermarket. These factors collectively ensure a sustained and expanding need for replacement tires.

Regional Insights

Southern Vietnam Leads the Two-Wheeler Tire Market Driven by Growth, Urbanization, and Strong Demand
Southern Vietnam dominates the Vietnam Two-Wheeler Tire Market, largely attributed to its robust economic growth and high urbanization rates. Ho Chi Minh City, a major economic and commercial hub, significantly drives demand for two-wheeler tires due to its dense population and extensive reliance on motorcycles for both personal and business transportation. The region's substantial industrial and commercial activities, coupled with a well-established infrastructure for tire distribution and servicing, further solidify its market leadership. This dynamic environment, alongside a growing middle class and increasing disposable incomes, ensures consistent demand for two-wheelers and subsequent tire replacement.

Recent Developments

• In December 2025, IRC Vietnam participated as a Diamond Sponsor in the "Ride Ready Day 2025" program, held at the Tan Thuan Export Processing Zone in Ho Chi Minh City. This initiative focused on providing professional motorcycle tire care solutions to over 1,200 workers, with an emphasis on promoting road safety during the busy Lunar New Year travel period. IRC's technical team conducted on-site inspections of tire wear and air pressure, offering essential advice on safe and durable tire usage. This partnership demonstrated IRC Vietnam's commitment to community engagement and fostering a safer traffic culture within the Vietnamese two-wheeler market.
• In March 2025, Pirelli unveiled two new motorcycle tires, the DIABLO POWERCRUISER and the SCORPION MX32 MID SOFT, which became available to consumers. The DIABLO POWERCRUISER was a custom-touring line specifically engineered for sport Cruiser and Bagger motorcycles, emphasizing high performance, grip, and stability for powerful bikes. The SCORPION MX32 MID SOFT, a successor to a successful motocross tire, aimed to improve braking behavior, facilitate cornering, and enhance traction in off-road conditions. These new offerings expanded Pirelli's product portfolio for diverse two-wheeler segments, addressing the needs of performance-oriented riders within the Vietnamese market.
• In January 2024, Bridgestone introduced its new BATTLAX HYPERSPORT S23 sports radial motorcycle tire, which became available for street use. This advanced product was engineered to meet the evolving requirements of modern sport bikes. The BATTLAX HYPERSPORT S23 featured a newly developed compound in the tread's edge designed for enhanced road contact during sharp-angle cornering, maximizing grip performance. Its updated pattern, incorporating Pulse Groove Technology, aimed to improve performance in challenging road conditions and wet weather, offering riders better handling and stability. This global launch by Bridgestone provided new high-performance tire options for two-wheeler enthusiasts in markets such as Vietnam.
• In January 2024, Michelin launched a new series of motorcycle tires, including the MICHELIN Power 6, Power GP2, and Anakee Road, catering to various rider segments. The Power 6 was designed as a hypersport tire offering a balance of sporty performance and high mileage, with strong grip in both dry and wet conditions. The Power GP2, while developed for racetracks, received homologation for road use, leveraging MotoGP™ expertise for improved grip and precision. The Anakee Road targeted adventure touring motorcycles, aiming to provide reliable grip and durability for extended journeys. These product innovations enhanced Michelin’s offerings for two-wheeler users in diverse markets, including Vietnam.

Key Market Players

• Bridgestone
• Michelin
• Goodyear
• Pirelli
• Continental
• Yokohama
• Hankook
• Apollo Tyres
• MRF
• Dunlop

By Vehicle Type	By Sales Channel	By Tire Construction Type	By Propulsion Type	By Region
Motorcycle Moped Scooter	OEM Replacement	Radial Bias	ICE Electric Others	Northern Central Southern

Report Scope:

In this report, the Vietnam Two-Wheeler Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Two-Wheeler Tire Market, By Vehicle Type:

• Motorcycle
• Moped
• Scooter

• Vietnam Two-Wheeler Tire Market, By Sales Channel:

• OEM
• Replacement

• Vietnam Two-Wheeler Tire Market, By Tire Construction Type:

• Radial
• Bias

• Vietnam Two-Wheeler Tire Market, By Propulsion Type:

• ICE
• Electric
• Others

• Vietnam Two-Wheeler Tire Market, By Region:

• Northern
• Central
• Southern