1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Motorcycle Market Trends
Vietnam Micromobility Market

Vietnam Micromobility Market

  • September 2021
  • 82 pages
  • ID: 6180046
  • Format: PDF
  • Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Vietnam Micromobility Market

The Vietnam micromobility market size was $89.9 million in 2020, and it is predicted to expand to $10,227.2 million by 2030, demonstrating a CAGR of 66.0% during 2021–2030.

The major factors driving the market are:
1. Increasing Road Congestion: With the surging number of vehicles, the occurrence of long traffic jams is rising in Vietnam. In addition, the increasing number of automobiles is responsible for excessive emissions and parking issues. This is pushing up the demand for micromobility, as it massively reduces the usage of personal vehicles for first- and last-mile connectivity, which, in turn, leads to fewer cars on the roads.

2. Economical Nature of Services: The lower costs associated with these sharing services are one of the major factors propelling the expansion of the Vietnamese micromobility market. For instance, a typical e-bike sharing service provider charges an initial fee for unlocking the bike and $0.86 per hour of travel, which is considerably lower than what is charged by conventional shared mobility companies.

The COVID-19 pandemic has massively hampered the companies operating in the Vietnamese transportation sector. Moreover, the implementation of the lockdown has caused severe disruptions in the two-wheeler and electronic component supply chain and first- and last-mile connectivity, which has, in turn, affected the progress of the Vietnamese micromobility market. However, with proper contingency planning and situation monitoring, things will improve in the near future, which will fuel the revival of the market.

Vietnam Micromobility Market Segmentation Analysis
The e-moped category is expected to hold the largest share in the Vietnamese micromobility market in the coming years, under the vehicle type segment. The increasing tourist footfall and presence of a large population of tech-savvy and young consumers are fueling the popularity of shared e-mopeds. Additionally, the rising focus on electric two-wheelers is expected to boost the progress of the category in the coming years.

The dockless category held the larger share in the Vietnamese micromobility market in the past, within the sharing system segment. Many micromobility service providers in the country are focusing on launching dockless systems owing to the fact that they don’t have to develop parking stations this way. Moreover, the elimination of docks provides greater user convenience by taking the parking requirements out of the equation.

The first- and last-mile category contributed the higher revenue to the Vietnamese micromobility market in the past, and it is predicted to exhibit the faster growth in the coming years, under the model segment. Micromobility solutions assist in bridging the gaps in first- and last-mile commute that are not filled by the public transit systems in the country.

The major players operating in the Vietnamese micromobility market are Grab Holdings Inc., VinFast Trading and Production LLC, Yadea Technology Group Co. Ltd., Selex Motors Joint Stock Company, Mobike, Giant Manufacturing Co. Ltd., and Be Group Joint Stock Company.

Key Findings of Vietnam Micromobility Market Report
• Surging road congestion propelling service demand
• Affordability of services is also boosting their popularity
• E-Mopeds to become most-popular micromobility solution
• Demand for dockless sharing systems higher
• Use of micromobility for first- and last-mile commuting soaring
• Market players focusing on expanding their operations

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Thailand Micromobility Market

  • $ 2000
  • September 2021
  • 98 pages

Thailand Micromobility Market The value of the Thailand micromobility market will grow from $11.8 million in 2020 to $15,102.1 million by 2030, at a 98.7% CAGR between 2021 and 2030, according to the ...

  • Thailand
  • Pollution Control
  • Shared Mobility
  • Industry analysis
  • Greenhouse Gas Emissions

Indonesia Micromobility Market $ 2000 September 2021

Singapore Micromobility Market $ 2000 September 2021

Japan Micromobility Market $ 2000 September 2021

South Korea Micromobility Market $ 2000 September 2021


ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on