Vietnam Truck & Bus Tire Market Growth, Share, Trends Analysis, Business Opportunities and Forecast 2030: Markntel A

Market Insights

As per recent research by MarkNtel Advisors, The Vietnam Truck & Bus Tire Market size is valued at around USD 384 million in 2024 & is estimated to grow at a CAGR of around 5.86% during the forecast period, i.e., 2024-30.

Vietnam Truck & Bus Tire Market Driver:

Surge in Infrastructure Development Activities Driving Market Growth – Vietnam is planning to spend around USD 65 billion on infrastructure development during 2021-30. The nation plans to build expressways, railway lines, ports, airports, etc., under its Master Plan 2030. Vietnam is making plans to develop around 10,000 km of expressways for high-paced transportation. Additionally, the country is running closer to putting in place dams, thermal power plants, and warehouses for the well-timed shipping of products. The enlargement of cities to deal with the developing wishes of the urban population is contributing to the growth & development of trucks and buses in the country. Therefore, the aftermarket sale of tires for these automobiles is predicted to grow in the years to come.

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Market Segmentation and Consumer Behavior:

By Vehicle Type

Truck- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Bus- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

By Demand Type

OEM - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Aftermarket - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

By Tire Type

Radial - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Bias - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

By Tire Size

Tire Size 1- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Tire Size 2- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Tire Size 3-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Tire Size 4-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Tire Size 5-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

By Price Category

Budget (Upto USD 180)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Economy (USD181 to 300)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Premium (Above 300)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

By Sales Channel

Direct Sales- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Exclusive Outlets- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Multi Brand Stores- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)
Online- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

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Vietnam Truck & Bus Tire Market Geographical Analysis:

By Region:

Central
East
West
South

Key Players and Competitive Strategies in the Vietnam Truck & Bus Tire Market

Several prominent players dominate the Vietnam Truck & Bus Tire Market, including:

Bridgestone Corporation
Michelin
Casumina (Southern Rubber Industry Joint Stock Company)
Sailun
Kenda
Kumho Tire
Zhongce Rubber Group Co., Ltd.
Hankook
Goodyear
Yokohama Rubber Company
DRC Tire
China’s Guizhou Tyre
Jinhu Tire

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Questions Addressed in this Study

1.What factors are driving the Vietnam Truck & Bus Tire Market growth?

2.How is the Vietnam Truck & Bus Tire Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Vietnam Truck & Bus Tire Market?

4.What is the current size of the Vietnam Truck & Bus Tire Market, and how is it projected to change in the future?

5.What is the future outlook for the Vietnam Truck & Bus Tire Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.