SOURCE: TechSci
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 “Vietnam Tire 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.TABLE OF CONTENTS 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
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