Vietnam Truck & Bus Tire Market Size, Emerging Trends and Share Insights Through 2030

 


MarkNtel Advisors Releases Comprehensive Study on the  Vietnam Truck & Bus Tire  Market, Forecasting Strong Growth from 2024-2030

MarkNtel Advisors,  a leading market research and consulting firm, has announced the release of its latest study titled “ Vietnam Truck & Bus Tire Market  Analysis, 2024-2030.” This report provides a key growth driver, major challenges, and competitive landscape. 

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

✅ In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.

Download a FREE PDF Sample of the Report:  (Discover the market potential, platform-specific insights, and key industry trends.) https://www.marknteladvisors.com/query/request-sample/vietnam-truck-bus-tire-market.html 

Vietnam Truck & Bus Tire Market Timeline Overview

Historical Years:  2019-22

Base Year:  2023

Forecast year -  2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Vietnam Truck & Bus Tire Market Outlook

According to the report, 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, ie,  2024-30.

 The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market's trajectory over the next decade.

Vietnam Truck & Bus Tire Market Trends:

  • Infrastructure Development Surge:  Vietnam is investing approximately USD 65 billion in infrastructure projects from 2021 to 2030, including expressways, airports, and ports. This development is expected to significantly boost the demand for commercial vehicles and, consequently, truck and bus tires.
  • Growing Commercial Vehicle Fleet:  A CAGR of about 2.7% in commercial vehicle registrations from 2019 to 2023 indicates a robust increase in the fleet. With nearly 241,978 vehicles registered, the demand for tires is projected to rise along with this expanding fleet.
  • Dominance of Truck Segment:  Trucks dominate the commercial vehicle market, capturing around 95% of the fleet. The expansion of e-commerce and increased cargo transport needs are contributing to this trend, enhancing the demand for truck tires significantly.
  • Aftermarket Segment Growth:  The aftermarket for truck and bus tires is currently the largest demand segment, driven by higher replacement needs compared to OEM sales. This trend is expected to continue, reflecting a mature market where aftermarket services are prioritized.
  • Impact of Tourism Growth:  With tourism numbers on the rise, the demand for buses and minivans is increasing. Vietnam anticipates hosting around 25 million international tourists by 2025, which will elevate the demand for commercial transportation vehicles and their respective tire needs.

View Full Report (All Data, In One Place): ( Explore in-depth analyses, technological trends, and investment patterns.)  https://www.marknteladvisors.com/research-library/vietnam-truck-bus-tire-market.html

Vietnam Truck & Bus Tire Market Segmentation

The study categorizes the Vietnam Truck & Bus Tire Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

-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)

Geographical Analysis

The report presents detailed insights into the market's geographical expansion, highlighting key trends and opportunities across the following geographies:

-By Region

  • Central
  • East
  • West
  • South

T alk to Our Industry Analyst:  Get personalized insights into company strategies and regional market dynamics.)  https://www.marknteladvisors.com/query/talk-to-our-consultant/vietnam-truck-bus-tire-market.html

Key Highlights of the Report

  • Comprehensive Market Overview:  In-depth analysis of market size, share, and forecasts from 2024-2030.
  • Growth Drivers & Challenges:  Clear insights into factors fueling or restraining market expansion.
  • Investment & Regulatory Insights:  Evaluation of key policies, funding trends, and collaborations influencing industry performance.
  • Competitive Landscape:  Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools:  Application of SWOT Analysis , PESTEL Analysis , and Porter’s Five Forces Model to assess competition and external influences    

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online –  https://www.marknteladvisors.com/pricing/vietnam-truck-bus-tire-market.html

Frequently Asked Questions (FAQ)

  1. What is the projected growth rate of the Vietnam Truck & Bus Tire Market?
  2. What are the major factors driving this market's growth?
  3. Which regions are expected to lead the Vietnam Truck & Bus Tire Market?
  4. Who are the prominent players in the Vietnam Truck & Bus Tire Market?
  5. How is the competition structured in this market?
  6. How can I access the full report?

Read More:

About us:

MarkNtel Advisors  is a leading Market Research Company and Industry Research Report Firm providing comprehensive intelligence across the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our data-backed Business Research and Market Research solutions deliver detailed insights at global, regional, and country levels, helping manufacturers, distributors, and investors understand demand patterns, regulatory standards, and competitive structures. Using verified Export and Import Data, robust Market Forecast models, and precision-driven Business Analysis, we identify evolving opportunities across OEM and replacement markets. Our Syndicated Research Reports and Customized Market Research Reports deliver reliable intelligence on pricing trends, sustainability, and technological innovation. Supported by expert Consulting Services, we quantify Revenue Impact and enable tire industry stakeholders to drive innovation, optimize growth, and sustain global competitiveness.

MarkNtel Advisors

Sector 63, Noida, Uttar Pradesh-201301, India

Contact No:  +91 8719999009

Email:  sales@marknteladvisors.com

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