Vietnam Tire (Tyre) Market (2020-2026) | Analysis, Size, Share, Revenue, Forecast, Trends, industry, Growth & COVID-19 IMPACT

Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars)and Competitive Landscape

Product Code: ETC001638 Publication Date: Mar 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Latest 2023 Development of the Vietnam Tire (Tyre) Market

Vietnam Tire (Tyre) Market is projected to witness strong growth owing to several growth aspects. The primary factors driving the market expansion include increasing sales of vehicles due to a higher demand for tires in the country. Additionally, the government is investing heavily in infrastructure development which includes the construction of new roads and highways. As a result, this has created a significant demand for heavy-duty tires. The automotive industry in Vietnam is growing rapidly, which has created a significant demand for tires.

The Vietnam Tire (Tyre) Industry has been growing steadily in recent years, driven by increasing vehicle ownership and rising demand for high-quality tires. Many international tire companies have invested in Vietnam, attracted by the country’s favourable business environment. Moreover, domestic tire manufacturers have also been expanding their market share in Vietnam. The rising e-commerce has greatly influenced the tire market in Vietnam with many consumers shifting towards online shopping. This has led to increased competition among online retailers and a shift towards digital sales strategies.

Vietnam tire market Synopsis

Vietnam tire market has observed high evolution in the automotive industry in the past few years due to expanding automobile fleet size and favourable government policies in the country. The easy accessibility and high production of rubber are one of the major aspects resulting in growth in the manufacturing of tires in the country, leading to a decline in the prices of the tires in the Vietnam tire market. Moreover, the motorization rate of the country has also been increasing at a brisk due to the constant growth in the country's per capita GDP. The manufacturers are also working on the advancement of technology to boost the automobile sector in the future.

According to 6Wresearch, Vietnam Tire (Tyre) Market is projected to grow during 2020-2026. Vietnam has occurred as a major market for automotive tires in the Asia Pacific due to its substantial growth in automobile production and favourable taxation reforms. Vietnam's tire market is majorly an import-driven market however, the government has encouraged foreign investments with the neighbouring countries. Earlier Free Trade Agreement signed up between the European Union and Vietnam in 2015.

Two-wheeler tires are the major revenue-generating segment in the overall Vietnam tire market due to the constant and widely growing two-wheeler foot size in the country. In Vietnam, the south Vietnam region is the chief regional tire market in the country owing to its large vehicle fleet size, extensive focus on industries and business, and also of its high population density in the region.

Vietnam Tire market report thoroughly covers the market by origin, types, vehicle types, and end-users. Vietnam Tire market outlook provides an unbiased and detailed analysis of the ongoing Vietnam Tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Vietnam tire market is expected to witness growth in the coming years on the back of rising sales of two-wheeler vehicles. A rise in the fleet and two-wheeler rides in the country backed by the potential growth of the automotive industry and success in bringing in advanced features in the two-wheeler tires is expected to trigger the potential market growth of the Vietnam tire market in the upcoming six years. Additionally, favourable economic conditions in the country have led to an increase in the two-wheeler fleet and are anticipated to proliferate the significant growth of the Vietnam tire market in the upcoming six years and the timeframe thereafter.

COVID-19 impact on the Vietnam Tire (Tyre) Market

The COVID-19 pandemic significantly impacted the Vietnam tire market share by disrupting the supply chain of raw materials and components required for tire manufacturing. Additionally, the demand for vehicles has slightly reduced due to lockdowns and abridged economic activity. Moreover, the pandemic has also affected the import and export of tires, with restrictions and disruptions in logistics and transportation. Furthermore, the pandemic has led to a shift towards e-commerce platforms for tire sales, as consumers prefer contactless methods of purchasing tires. 

Key Highlights of the Report

  • Vietnam Tire Market Overview
  • Vietnam Tire Market Outlook
  • Vietnam Tire Market Forecast
  • Historical Data of Vietnam Tire Market Revenues and Volume, for the Period2016-2019
  • Vietnam Tire Market Size and Vietnam Tire Market Forecast of Revenues and Volume, Until 2026
  • Historical Data of Vietnam Tire Market Revenues and Volume, By Vehicle Types, for the Period 2016-2019
  • Market Size & Forecast of Vietnam Tire Market Revenues and Volume, By Vehicle Types, until 2026
  • Historical Data of Vietnam Tire Market Revenues and Volume, By Types, for the Period 2016-2019
  • Market Size & Forecast of Vietnam Tire Market Revenues and Volume, By Types, until 2026
  • Historical Data of Vietnam Tire Market Revenues and Volume, By Origin, for the Period 2016-2019
  • Market Size & Forecast of Vietnam Tire Market Revenues and Volume, By Origin, until 2026
  • Historical Data of Vietnam Tire Market Revenues and Volume, By End Users, for the Period 2016-2019
  • Market Size & Forecast of Vietnam Tire Market Revenues and Volume, By End Users, until 2026
  • Historical Data of Vietnam Tire Market Revenues and Volume, By Regions, for the Period 2016-2019
  • Market Size & Forecast of Vietnam Tire Market Revenues and Volume, By Regions, until 2026
  • Market Drivers and Restraints
  • Vietnam Tire Market Trends and Industry Life Cycle
  • Vietnam Tire Market Revenue Share, By Regions
  • Vietnam Tire Market Revenue Share, By Players
  • Vietnam Tire Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered:

The Vietnam Tire Market report provides a detailed analysis of the following market segments:

By Origin:

  • Local Manufacturing
  • Imports

By Types:

  • Radial Tires
  • Bias Tires

By End Users:

  • OEM
  • Replacement

By Vehicle Types:

  • Trucks
  • Light Trucks
  • Two-Wheelers
  • Passenger Cars
Vietnam Tire (Tyre) Market: FAQs
Typically, increasing demand from the automotive industry, growing construction and mining activities, and supportive government initiatives are driving the growth of the tire market in Vietnam.
In general, tire dealers, speciality stores, online retailers, and vehicle manufacturers are the major distribution channels for tires in Vietnam.
The pandemic has resulted in supply chain disruptions and reduced demand from the automotive industry. However, with the government initiatives to boost the transportation sector, the market is expected to grow in the future years.
The increasing demand for eco-friendly tires, the development of smart tires with advanced features, and growing e-commerce are the major trends in the market.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Vietnam Tire Market Overview
3.1 Country Indicators
3.2 Vietnam Tire Market Revenues and Volume, 2016-2026F
3.3 Vietnam Tire Market Revenue Share, By Origin, 2019 & 2026F
3.4 Vietnam Tire Market Revenue Share, By Types, 2019 & 2026F
3.5 Vietnam Tire Market Revenue Share, By End Users, 2019 & 2026F
3.6 Vietnam Tire Market Revenue Share, By Vehicle Types, 2019 & 2026F
3.7 Vietnam Tire Market - Industry Life Cycle
3.8 Vietnam Tire Market - Porter’s Five Forces
4. Vietnam Tire Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Vietnam Tire Market Trends
6. Vietnam Tire Market Overview, By Origin
6.1 Vietnam Local Manufacturing Tire Market Revenues and Volume, 2016-2026F
6.2 Vietnam Imports Tire Market Revenues and Volume, 2016-2026F
7. Vietnam Tire Market Overview, By Types
7.1 Vietnam Tire Market Revenue and Volume, By Biased Tire, 2016-2026F 
7.2 Vietnam Tire Market Revenue and Volume, By Radial Tire, 2016-2026F 
8. Vietnam Tire Market Overview, By End Users
8.1 Vietnam Tire Market Revenue and Volume, By Replacement, 2016-2026F
8.2 Vietnam Tire Market Revenue and Volume, By OEM, 2016-2026F
9. Vietnam Tire Market Overview, By Vehicles Types
9.1 Vietnam Tire Market Revenue and Volume, By Trucks, 2016-2026F
9.2 Vietnam Tire Market Revenue and Volume, By Light Trucks, 2016-2026F
9.3 Vietnam Tire Market Revenue and Volume, By Two-Wheelers, 2016-2026F
9.4 Vietnam Tire Market Revenue and Volume, By Passenger Cars, 2016-2026F
10. Vietnam Tire Market Key Performance Indicators
11. Vietnam Tire Market Opportunity Assessment
11.1 Vietnam Tire Market Opportunity Assessment, By Origin, 2026F
11.2 Vietnam Tire Market Opportunity Assessment, By Types, 2026F
11.3 Vietnam Tire Market Opportunity Assessment, By End Users, 2026F
11.4 Vietnam Tire Market Revenue Share, By Vehicle Types, 2026F
12. Vietnam Tire Market Competitive Landscape
 12.1 Vietnam Tire Market Revenue Share, By Companies, 2019
12.2 Vietnam Tire Market Competitive Benchmarking, By Operating Parameters
13. Company Profiles
14. Key Strategic Recommendations
15. Disclaimer

Denmark Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

North America Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Countries (the US, Canada and Rest of North America) and Competitive Landscape

Middle East & Africa Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Countries (GCC Region, South Africa, Turkey, Nigeria, and Egypt) and Competitive Landscape

Global Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa), By Key Countries and Competitive Landscape

Europe Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders, and others), By Distribution (OEM and Aftermarket), By Countries (Germany, France, U.K., Italy and Rest of Europe) and Competitive Landscape

Global Smart Tyre Market (2019-2025): Market Forecast By Technology (Pneumatics Tyres and Non- Pneumatics Tyres), By Vehicle Type (Passenger Cars, Commercial Vehicles, Battery Electronic Vehicles, and Hybrid Electric Vehicles), By Distribution Channels (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific and Rest of World), Key Countries and Competitive Landscape

Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Philippines Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape

Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Indonesia Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Types (Radial and Bias), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers)) and Competitive Landscape

India Two-Wheeler Tire Market (2019-2025): Market Forecast By Vehicle Types (Scooter Tire, Underbone/Moped Tire, Motorcycle (Upto 250cc) and Motorcycle (Above 250cc), By Tire Types (Radial Tire (Motorcycle Radial and Scooter Radial), Bias Tire (Motorcycle Bias and Scooter Bias)), By End User Market (OEM and Replacement), By Rim Size (Motorcycle Rim (16 Inch, 17 Inch, 18 Inch, and 19 Inch), Scooter Rim (10 Inch and 12 Inch)), By Regions (Eastern, Western, Northern and Southern) and Competitive Landscape

Netherlands Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

Hungary Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

Turkey Tire Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars) and Competitive Landscape

Tanzania Tire (Tyre) Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars)And Competitive Landscape

Pakistan Tire (Tyre) Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars)and Competitive Landscape

Slovakia Tire (Tyre) Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars)and Competitive Landscape

Africa Tire (Tyre) Market (2020-2026): Market Forcast By Origin(Local Manufacturing, Imports), By Types(Radial Tires, Bias Tires), By End Users(OEMReplacement), By Vehicle Types(TrucksLight TrucksTwo-WheelersPassenger Cars), By Countries(South Africa, Egypt, Kenya, Ethiopia, Nigeria, Algeria, Morocco, Tanzania, Ghana & Rest Of Africa)And Competitive Landscape

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