Vietnam Tyre Market Forecast and Opportunities, 2020

  • Industry : Automotive
  • Pages : 101
  • Published Date : September, 2015
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Report Description

Report Description

Vietnam, with a population of around 91 million in 2014, is one of the developing economies in Asia-Pacific, and has emerged as a major market for automotive tires over the last five years. On account of increasing GDP per capita, motorization rate in Vietnam has been growing at a brisk pace. As a result, the country’s vehicle fleet size has been expanding tremendously over the last few years. Considering the growing demand for vehicles, many domestic and global players are strengthening their footprint in the country by establishing manufacturing plants in Vietnam. Government of Vietnam, on its part, inked WTO and AFTA agreements with neighboring countries to encourage foreign investments. All these factors have been fueling OEM and replacement demand for automotive tires in Vietnam. In addition, Vietnam has vast rubber resources, which further makes the country an ideal destination for establishing tire manufacturing facilities. 

According to “Vietnam Tyre Market Forecast & Opportunities, 2020’’, growing automobile sales, rising vehicle fleet and increasing foreign investments in the automotive sector are the major factors driving Vietnam tire market. Two-wheeler tire segment dominates the market, followed by passenger car and commercial vehicle & OTR tire segments. However, passenger car tire segment is expected to exhibit fastest growth rate over the next five years, followed by commercial vehicle & OTR tire segment. DRC, SRC, Yokohama, Bridgestone, Kumho, Maxxis, Pirelli and Michelin are few of the key tire companies operating in Vietnam. Amongst domestic tire companies, Danang Rubber Company (DRC) dominated the Vietnam tire market in 2014. “Vietnam Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tire market in Vietnam:
  • Vietnam Tire Market Size, Share & Forecast
  • Segmental Analysis – Two Wheeler Tires, Passenger Car Tires and Commercial Vehicle & OTR Tires
  • Policy & Regulatory Landscape
  • Changing Market Trends and Emerging Opportunities
  • Competitive Landscape and Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of tire market in Vietnam
  • To identify the on-going trends and segment wise anticipated growth in the coming years
  • To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing material
  • To gain competitive knowledge of leading players
  • To avail 10% free 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 on both primary and secondary sources. Primary research included interviews with tire companies, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table of content

Table of content

1. Research Methodology

2. Analyst View

3. Product Overview

4. Vietnam Tyre Production Overview

5. Vietnam Tyre Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicles and OTR)

5.2.2. By Company

5.2.3. By Region

5.2.4. By Demand Category (OEM Vs. Replacement)

6. Vietnam Two-Wheeler (2W) Tyre Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type

6.2.2. By Demand Category (OEM Vs. Replacement)

7. Vietnam Passenger Car (PC) Tyre Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Demand Category (OEM Vs. Replacement)

8. Vietnam Commercial Vehicle (CV) & OTR Tyre Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Demand Category (OEM Vs. Replacement)

9. Import-Export Analysis

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Radial Tyres : A Popular Choice of Vehicle Owners

11.2. Increasing Online Tyre Sales

11.3. Easy Availability of Natural Rubber Attracting Foreign Companies to Set Up Manufacturing Plant in Vietnam

11.4. Increasing Tyre Export

11.5. Increasing Usage of New Tyre Technologies

12. Policy & Regulatory Landscape

13. Vietnam Economic Profile

14. Competitive Landscape

14.1. Danang Rubber Joint Stock Company

14.2. The Southern Rubber Industry JSC

14.3. Bridgestone Tire Sales Vietnam Limited Liability Company

14.4. Yokohama Tyre Vietnam Inc.

14.5. Michelin Vietnam Co., Ltd

14.6. SAO VANG RUBBER JOINT STOCK COMPANY

14.7. Kumho Tire Co., Ltd. Vietnam

14.8. Continental Ag

14.9. Goodyear Vietnam Co. Ltd

14.10. Cheng Shin Rubber (Vietnam) Ind. Ltd

15. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Vietnam Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 2: Vietnam Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 3: Vietnam Tyre Market Share, By Company, By Value, 2014-2020F

Figure 4: Vietnam Tyre Market Share, By Region, By Volume, 2014 & 2020F

Figure 5: Vietnam Tyre Market Share, By Demand Category (OEM vs Replacement), By Volume, 2010-2020F

Figure 6: Vietnam Two-Wheeler Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 7: Vietnam Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2014-2020F

Figure 8: Vietnam Two-Wheeler Tyre Market Share, By Demand Category (OEM vs Replacement), By Volume, 2010-2020F

Figure 9: Vietnam Passenger Car Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 10: Vietnam Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 11: Vietnam Passenger Car Tyre Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2010-2020F

Figure 12: Vietnam Commercial Vehicle & OTR Vehicle Tyre Market, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 13: Vietnam Commercial Vehicle and OTR Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 14: Vietnam Commercial Vehicle Tyre Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2010-2020F

Figure 15: Vietnam Internet Penetration, 2010–2014

List of Tables

Table 1: Vietnam Tyre Production Capacity, By Company & Plant Location, 2014 (Million Units/Year)

Table 2: Vietnam Tyre Manufacturers, By Technology, By Segment, 2014

Table 3: Vietnam Tyre ASP, By Vehicle Type, 2014 and 2020F (USD)

Table 4: Vietnam Tyre Market Size, By Demand Category (OEM vs Replacement), By Volume, 2010–2020F (Million Units)

Table 5: Vietnam Two-Wheeler Production, By Volume, 2010–2014 (Million Units)

Table 6: Vietnam Two-Wheeler Tyre Market Size, By Demand Category (OEM vs Replacement), By Volume, 2010 – 2020F (Million Units)

Table 7: Vietnam Passenger Car Production, By Volume, 2010–2014 (Thousand Units)

Table 8: Vietnam Passenger Car Sales, By Volume, 2010–2014 (Thousand Units)

Table 9: Vietnam Gross National Income (GNI) per Capita, 2010–2014 (USD)

Table 10: Vietnam Passenger Car Fleet, By Volume, 2010–2014 (Million Units)

Table 11: Vietnam Passenger Car Tyre Market Size, By Demand Category (OEM Vs. Replacement), By Volume, 2010 – 2020F (Million Units)

Table 12: Vietnam Commercial Vehicle Production, By Volume, 2010–2014 (Thousand Units)

Table 13: Vietnam Average Currency Exchange Rate USD to Dong, 2010–2014

Table 14: Vietnam Commercial Vehicle Sales, By Volume, 2010–2014 (Thousand Units)

Table 15: Vietnam Commercial Vehicle and OTR Tyre Market Size, By Demand Category

(OEM Vs. Replacement), By Volume, 2010 – 2020F (Million Units)

Table 16: Vietnam Tyre Imports, By Segment, By Value, 2010-2013 (USD Million)

Table 17: Vietnam Tyre Exports, By Segment, By Value, 2010-2013 (USD Million)

Table 18: Major Transport Projects Open for Foreign Investment Pre-2020, By Value, (USD Million)

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Frequently asked questions

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