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Vietnam Tyre Market Forecast and Opportunities, 2020

  • November 2015
  • -
  • TechSci Research
  • -
  • 101 pages

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 tyres 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 tyres in Vietnam. In addition, Vietnam has vast rubber resources, which further makes the country an ideal destination for establishing tyre 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 tyre market. Two-wheeler tyre segment dominates the market, followed by passenger car and commercial vehicle & OTR tyre segments. However, passenger car tyre segment is expected to exhibit fastest growth rate over the next five years, followed by commercial vehicle & OTR tyre segment. DRC, SRC, Yokohama, Bridgestone, Kumho, Maxxis, Pirelli and Michelin are few of the key tyre companies operating in Vietnam. Amongst domestic tyre companies, Danang Rubber Company (DRC) dominated the Vietnam tyre market in 2014. “Vietnam Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tyre market in Vietnam:

- Vietnam Tyre Market Size, Share & Forecast
- Segmental Analysis – Two Wheeler Tyres, Passenger Car Tyres and Commercial Vehicle & OTR Tyres
- 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 tyre market in Vietnam
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tyre 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 tyre 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 Contents

Vietnam Tyre Market Forecast and Opportunities, 2020
1. Research Methodology
2. Analyst View
3. Product Overview
4. Vietnam Tyre Production Overview
5. Vietnam Tyre Market Outlook
5.1. Market Size and Forecast
5.1.1. By Value and Volume
5.2. Market Share and 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 and Forecast
6.1.1. By Value and Volume
6.2. Market Share and 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 and Forecast
7.1.1. By Value and Volume
7.2. Market Share and Forecast
7.2.1. By Vehicle Type
7.2.2. By Demand Category (OEM Vs. Replacement)
8. Vietnam Commercial Vehicle (CV) and OTR Tyre Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value and Volume
8.2. Market Share and 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 and 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 and 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

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 and 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 and 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 and 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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