MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Vietnam Truck & Bus Tire Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Vietnam Truck & Bus Tire Market, covering its evolving dynamics, emerging trends, key growth drivers, 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.
Market Timeline Overview
- Historical Years: 2019-22
- Base Years: 2023
- Forecast year - 2024-2030
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/vietnam-truck-bus-tire-market.html (Discover the market potential, platform-specific insights, and key industry trends.)
Vietnam Truck & Bus Tire Market Outlook
According to the report 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, i.e., 2024-30. The country's elevated infrastructure has increased passenger and cargo movement.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
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Vietnam Truck & Bus Tire Market Drivers:
Surge in Infrastructure Development Activities Driving Market Growth – Vietnam is planning to spend around USD 65 billion on infrastructure development during 2021-30. The nation plans to build expressways, railway lines, ports, airports, etc., under its Master Plan 2030. Vietnam is making plans to develop around 10,000 km of expressways for high-paced transportation. Additionally, the country is running closer to putting in place dams, thermal power plants, and warehouses for the well-timed shipping of products. The enlargement of cities to deal with the developing wishes of the urban population is contributing to the growth & development of trucks and buses in the country. Therefore, the aftermarket sale of tires for these automobiles is predicted to grow in the years to come.
View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/vietnam-truck-bus-tire-market.html (Explore in-depth analyses, technological trends, and investment patterns.)
Vietnam Truck & Bus Tire Market Trends:
Expanding Tire Retreading Activities to Impede Market Growth – The tire retreading market in the country has been witnessing an uptick, primarily driven by the truck tires market. This expansion of the retreading industry typically increases tire mileage by a considerable amount, eventually increasing the replacement duration and reducing the total cost of ownership. This directly impacts the revenues of tire suppliers in the country. The growth of tire retreading activities in the country has an inverse relationship with the growth & development of the Truck & Bus Tire Industry. Thus, the expansion of the tire retreading market presents substantial hurdles to the growth & expansion of the Vietnam Truck & Bus Tire Market.
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
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Leading Companies in Vietnam Truck & Bus Tire Market Worldwide: Players, Analysis & Future Outlook
- Bridgestone Corporation
- Michelin
- Casumina (Southern Rubber Industry Joint Stock Company)
- Sailun
- Kenda
- Kumho Tire
- Zhongce Rubber Group Co., Ltd.
- Hankook
- Goodyear
- Yokohama Rubber Company
- DRC Tire
- China’s Guizhou Tyre
- Jinhu Tire
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling 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)
- 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?
About Us
MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.
Contact Us:
MarkNtel Advisors
Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 87199 99009
Email: sales@marknteladvisors.com
Website: https://www.marknteladvisors.com
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