Vietnam Micromobility Market Research Report: By Type, Model, Sharing System - Industry Analysis and Growth Forecast to 2030

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

Frequently Asked Questions about the Vietnamese Micromobility Market

What is the estimated value of the Vietnamese Micromobility Market?

The Vietnamese Micromobility Market was estimated to be valued at $89.9 Million in 2020.

What is the growth rate of the Vietnamese Micromobility Market?

The growth rate of the Vietnamese Micromobility Market is 60.5%, with an estimated value of $10227.2 Million by 2030.

What is the forecasted size of the Vietnamese Micromobility Market?

The Vietnamese Micromobility Market is estimated to be worth $10227.2 Million by 2030.

Who are the key companies in the Vietnamese Micromobility Market?

Key companies in the Vietnamese Micromobility Market include Grab Holdings Inc., Be Group Joint Stock Company, Selex Motors Joint Stock Company, VinFast Trading and Production LLC, Giant Manufacturing Co. Ltd., Mobike and Kwang Yang Motor Co. Ltd..

Report Attribute	Details
No. of Pages	82
Published	September 2021
Forecast Period	2020 - 2030
Estimated Market Value ( USD ) in 2020	$ 89.9 Million
Forecasted Market Value ( USD ) by 2030	$ 10227.2 Million
Compound Annual Growth Rate	60.5%
Regions Covered	Vietnam
No. of Companies Mentioned	8

Chapter 1. Research Scope
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.4.1 Volume
1.4.2 Value
1.5 Market Size Breakdown by Segment
1.5.1 Market Segmentation by Vehicle Type
1.5.2 Market Segmentation by Model
1.5.3 Market Segmentation by Sharing System
1.6 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
2.2 Primary Research
2.2.1 Breakdown of Primary Research, by Industry Participant
2.2.2 Breakdown of Primary Research, by Designation
2.3 Market Size and TAM Estimation
2.3.1 Market Size Estimation
2.3.2 Total Addressable Market Size Estimation
2.3.2.1 Walking km TAM estimation
2.3.2.2 Vehicle km TAM estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Market Indicators
5.1 Total Population
5.2 Motorization in Vietnam

Chapter 6. Definition of Market Segments
6.1 By Vehicle Type
6.1.1 E-Scooters
6.1.2 E-Bikes
6.1.3 E-Mopeds
6.1.4 E-Pods
6.1.5 Bikes
6.1.6 Scooters
6.2 By Model
6.2.1 First- and last-mile
6.2.2 Multimodal
6.3 By Sharing System
6.3.1 Station-based
6.3.2 Dockless

Chapter 7. Industry Outlook
7.1 Market Dynamics
7.1.1 Trends
7.1.1.1 Deployment of e-bikes
7.1.2 Drivers
7.1.2.1 Focus on solving issues of traffic congestion and parking
7.1.2.2 Economical nature of rides
7.1.2.3 Impact analysis of drivers on market forecast
7.1.3 Restraints
7.1.3.1 Non-availability of required infrastructure
7.1.3.2 Impact analysis of restraints on market forecast
7.1.4 Opportunities
7.1.4.1 Transition from traditional to integrated app-based mobility services
7.2 Impact of COVID-19
7.3 Policy and Regulatory Landscape

Chapter 8. Vietnam Market Size and Forecast
8.1 Market Size and Forecast
8.1.1 By Vehicle Type
8.1.2 By Model
8.1.3 By Sharing System
8.2 Micromobility TAM
8.2.1 By Vehicle Type
8.2.2 By Model
8.2.3 By Sharing System

Chapter 9. Key Recommendations
9.1 Key Recommendations for Micromobility Service Providers

Chapter 10. Competitive Landscape
10.1 List of Market Players and Their Offerings
10.2 Key Micromobility Players and Funding Status
10.3 Major Manufacturers and Their Product Offerings
10.4 Recent Strategic Developments
10.4.1 Expansions
10.4.2 Investment and Funding

Chapter 11. Company Profiles
11.1 Grab Holdings Inc.
11.1.1 Business Overview
11.1.2 Product and Service Offerings
11.2 Be Group Joint Stock Company
11.2.1 Business Overview
11.2.2 Product and Service Offerings
11.3 Selex Motors Joint Stock Company
11.3.1 Business Overview
11.3.2 Product and Service Offerings
11.4 VinFast Trading and Production LLC
11.4.1 Business Overview
11.4.2 Product and Service Offerings
11.5 Giant Manufacturing Co. Ltd.
11.5.1 Business Overview
11.5.2 Product and Service Offerings
11.6 Mobike
11.6.1 Business Overview
11.6.2 Product and Service Offerings
11.7 Yadea Group Holdings Ltd.
11.7.1 Business Overview
11.7.2 Product and Service Offerings
11.7.3 Key Financial Summary
11.8 Kwang Yang Motor Co. Ltd.
11.8.1 Business Overview
11.8.2 Product and Service Offerings

Chapter 12. Appendix
12.1 Abbreviations
12.2 Sources and References
12.3 Related Reports

LIST OF TABLES
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 MODE SHIFT FOR WALKING KILOMETERS, BY VEHICLE CATEGORY
TABLE 3 MODE SHIFT FOR WALKING KILOMETERS, BY PURPOSE OF TRIP
TABLE 4 MODE SHIFT FOR VEHICLE KILOMETERS
TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 6 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 7 VIETNAM MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2025)
TABLE 8 VIETNAM MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2026–2030)
TABLE 9 VIETNAM MICROMOBILITY MARKET, $M (2015–2020)
TABLE 1 0 VIETNAM MICROMOBILITY MARKET, $M (2021–2030)
TABLE 11 VIETNAM MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2025)
TABLE 12 VIETNAM MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2026–2030)
TABLE 13 VIETNAM MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2025)
TABLE 14 VIETNAM MICROMOBILITY MARKET SIZE, BY MODEL, $M (2026–2030)
TABLE 15 VIETNAM MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2025)
TABLE 16 VIETNAM MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2026–2030)
TABLE 17 VIETNAM MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2020)
TABLE 18 VIETNAM MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2021–2030)
TABLE 19 VIETNAM MICROMOBILITY TAM, BY MODEL, $M (2015–2020)
TABLE 20 VIETNAM MICROMOBILITY TAM, BY MODEL, $M (2021–2030)
TABLE 21 VIETNAM MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2020)
TABLE 22 VIETNAM MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2021–2030)
TABLE 23 LIST OF MARKET PLAYERS AND THEIR OFFERINGS
TABLE 24 LIST OF KEY MICROMOBILITY PLAYERS AND TOTAL FUNDING RAISED (AS OF JUNE 2021)
TABLE 25 LIST OF MAJOR MANUFACTURERS AND THEIR PRODUCT OFFERINGS
TABLE 26 GRAB HOLDINGS INC. – AT A GLANCE
TABLE 27 BE GROUP JOINT STOCK COMPANY – AT A GLANCE
TABLE 28 SELEX MOTORS JOINT STOCK COMPANY – AT A GLANCE
TABLE 29 VINFAST TRADING AND PRODUCTION LLC – AT A GLANCE
TABLE 30 GIANT MANUFACTURING CO. LTD. – AT A GLANCE
TABLE 31 MOBIKE – AT A GLANCE
TABLE 32 YADEA GROUP HOLDINGS LTD. – AT A GLANCE
TABLE 33 YADEA GROUP HOLDINGS LTD. – KEY FINANCIAL SUMMARY
TABLE 34 KWANG YANG MOTOR CO. LTD. – AT A GLANCELIST OF FIGURES

FIG 1 MARKET SIZE BREAKDOWN BY SEGMENT
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH, BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH, BY DESIGNATION
FIG 5 BOTTOM-UP APPROACH FOR MARKET SIZE CALCULATION
FIG 6 TAM CALCULATION METHODOLOGY
FIG 7 MICROMOBILITY SHIFT MODELING METHODOLOGY FACTORS
FIG 8 DATA TRIANGULATION APPROACH
FIG 9 VIETNAM MICROMOBILITY MARKET SUMMARY
FIG 10 VOICE OF INDUSTRY EXPERTS/KOLS
FIG 11 VIETNAM TOTAL POPULATION IN MILLIONS
FIG 12 MOTORIZATION IN VIETNAM – REGISTERED VEHICLES (MILLION UNITS)
FIG 13 MICROMOBILITY VEHICLE CLASSIFICATION
FIG 14 VIETNAM MICROMOBILITY MARKET SNAPSHOT
FIG 15 VIETNAM MICROMOBILITY FLEET SIZE AND FORECAST, ‘000 UNITS (2019–2030)
FIG 16 VIETNAM MICROMOBILITY MARKET, $M (2019–2030)
FIG 17 VIETNAM MICROMOBILITY MARKET SIZE, BY VEHICLE TYPE, $M (2019–2030)
FIG 18 VIETNAM MICROMOBILITY MARKET SIZE, BY MODEL, $M (2019–2030)
FIG 19 VIETNAM MICROMOBILITY MARKET SIZE, BY SHARING SYSTEM, $M (2019–2030)
FIG 20 VIETNAM MICROMOBILITY TAM, BY VEHICLE TYPE, $M (2015–2030)
FIG 21 VIETNAM MICROMOBILITY TAM, BY MODEL, $M (2015–2030)
FIG 22 VIETNAM MICROMOBILITY TAM, BY SHARING SYSTEM, $M (2015–2030)
FIG 23 YADEA GROUP HOLDINGS LTD. – REVENUE SPLIT BY PRODUCT (2020)"