Product Code: ETC10073109 | Publication Date: Sep 2024 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Vietnam Electric Scooters and Motorcycles Market is witnessing significant growth driven by increasing urbanization, rising consumer awareness about environmental sustainability, and government incentives promoting electric vehicle adoption. Key players in the market include local brands like VinFast and foreign manufacturers such as Yamaha and Honda. The market is characterized by a wide range of products catering to various consumer segments, from affordable electric scooters for daily commuting to high-performance electric motorcycles for enthusiasts. Infrastructure development, including charging stations and battery swapping networks, is crucial for the market`s expansion. With the Vietnamese government`s focus on reducing air pollution and promoting clean transportation, the electric scooters and motorcycles market in Vietnam is poised for continued growth in the coming years.
The Vietnam Electric Scooters and Motorcycles market is experiencing strong growth driven by increasing urbanization, rising environmental concerns, and government incentives for electric vehicle adoption. Key trends include the growing popularity of electric two-wheelers as a cost-effective and efficient mode of transportation in congested cities, as well as the introduction of innovative features such as swappable batteries and IoT connectivity. Opportunities in the market lie in partnerships between electric vehicle manufacturers and ride-sharing companies, expansion of charging infrastructure, and the development of affordable and high-performance electric models catering to a diverse consumer base. With the Vietnamese government`s focus on promoting sustainable mobility solutions, the Electric Scooters and Motorcycles market in Vietnam is poised for further expansion and technological advancements.
The Vietnam Electric Scooters and Motorcycles Market faces several challenges, including regulatory hurdles related to safety standards and licensing requirements for electric vehicles. Infrastructure limitations, such as the lack of charging stations and adequate battery disposal facilities, pose significant barriers to the widespread adoption of electric scooters and motorcycles. Additionally, consumer awareness and acceptance of electric vehicles as a viable transportation option remain relatively low, leading to slower market growth. Competition from traditional gasoline-powered vehicles and concerns about the reliability and performance of electric two-wheelers also present challenges in this emerging market. Overall, addressing these obstacles will be crucial for the sustainable development and expansion of the electric scooters and motorcycles sector in Vietnam.
The Vietnam Electric Scooters and Motorcycles Market is primarily driven by the growing awareness and concern for environmental sustainability, leading to a shift towards cleaner and more energy-efficient transportation options. Government initiatives and policies promoting the adoption of electric vehicles, along with rising fuel prices and the need for cost-effective modes of transportation, are also key drivers in the market`s growth. Additionally, the increasing urbanization and congestion in cities like Hanoi and Ho Chi Minh City are fueling the demand for electric scooters and motorcycles as a convenient and practical solution for commuting. Technological advancements in battery technology, improving range and performance of electric vehicles, are further accelerating the market`s expansion.
The Vietnamese government has implemented various policies to promote the use of electric scooters and motorcycles in the country. These policies include tax incentives and subsidies for electric vehicle manufacturers and buyers, as well as initiatives to develop charging infrastructure across urban areas. In addition, the government has set targets to increase the adoption of electric two-wheelers to reduce pollution and dependence on fossil fuels. Regulations such as licensing requirements for electric vehicles and safety standards have also been put in place to ensure the safe and sustainable growth of the market. Overall, the government`s policies are aimed at accelerating the transition towards electric mobility and fostering a more environmentally friendly transportation sector in Vietnam.
The Vietnam Electric Scooters and Motorcycles Market is poised for significant growth in the coming years driven by factors such as increasing consumer awareness of environmental issues, government initiatives promoting electric vehicles, and rising urbanization leading to the need for efficient and sustainable transportation solutions. The market is expected to see a surge in demand for electric scooters and motorcycles as consumers seek alternative modes of transportation that are eco-friendly and cost-effective. Key players in the industry are likely to focus on expanding their product offerings, enhancing technological advancements, and establishing strong distribution networks to capitalize on the growing market opportunities in Vietnam. Overall, the future outlook for the Vietnam Electric Scooters and Motorcycles Market is positive, with continued growth expected in the foreseeable future.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Electric Scooters and Motorcycles Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Electric Scooters and Motorcycles Market - Industry Life Cycle |
3.4 Vietnam Electric Scooters and Motorcycles Market - Porter's Five Forces |
3.5 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.7 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.8 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume Share, By Usage, 2021 & 2031F |
4 Vietnam Electric Scooters and Motorcycles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Electric Scooters and Motorcycles Market Trends |
6 Vietnam Electric Scooters and Motorcycles Market, By Types |
6.1 Vietnam Electric Scooters and Motorcycles Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By E-scooter, 2021- 2031F |
6.1.4 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By E-motorcycle, 2021- 2031F |
6.2 Vietnam Electric Scooters and Motorcycles Market, By Battery Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By Lithium-ion, 2021- 2031F |
6.3 Vietnam Electric Scooters and Motorcycles Market, By Battery Capacity |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By <5 kWh, 2021- 2031F |
6.3.3 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By 5-10 kWh, 2021- 2031F |
6.3.4 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By 10-15 kWh, 2021- 2031F |
6.3.5 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By >15 kWh, 2021- 2031F |
6.4 Vietnam Electric Scooters and Motorcycles Market, By Usage |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4.3 Vietnam Electric Scooters and Motorcycles Market Revenues & Volume, By Private, 2021- 2031F |
7 Vietnam Electric Scooters and Motorcycles Market Import-Export Trade Statistics |
7.1 Vietnam Electric Scooters and Motorcycles Market Export to Major Countries |
7.2 Vietnam Electric Scooters and Motorcycles Market Imports from Major Countries |
8 Vietnam Electric Scooters and Motorcycles Market Key Performance Indicators |
9 Vietnam Electric Scooters and Motorcycles Market - Opportunity Assessment |
9.1 Vietnam Electric Scooters and Motorcycles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Vietnam Electric Scooters and Motorcycles Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.3 Vietnam Electric Scooters and Motorcycles Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.4 Vietnam Electric Scooters and Motorcycles Market Opportunity Assessment, By Usage, 2021 & 2031F |
10 Vietnam Electric Scooters and Motorcycles Market - Competitive Landscape |
10.1 Vietnam Electric Scooters and Motorcycles Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Electric Scooters and Motorcycles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |