The bus industry chain encompasses multiple links, from the supply of raw materials and parts to complete vehicle manufacturing, sales, and operational services. According to the publisher's analysis, the upstream sector primarily comprises the basic raw materials and core components for bus manufacturing. The midstream sector, the core of the bus industry chain, is primarily undertaken by vehicle manufacturers and encompasses product design, structural development, system integration, and final assembly. The downstream sector connects the market with end users, encompassing bus sales, financial leasing, operational management, and after-sales service.
Global bus market demand has maintained steady growth, driven primarily by accelerated urbanization, increased public transportation investment, and increased tourism. According to the publisher's analysis, the modernization of public transportation systems in an increasing number of countries is driving demand for urban buses and commuter coaches, particularly in developing countries and densely populated areas. With the global tourism industry recovering, demand for long-distance tourist buses and scenic area shuttles has gradually rebounded, becoming a key growth driver.
In recent years, demand for buses in Vietnam has continued to grow, primarily driven by increased road infrastructure development, rapid tourism growth, and accelerated urbanization. According to the publisher's analysis, Vietnam's large population creates a significant demand for commercial buses in both metropolitan areas and rural areas with limited infrastructure. Furthermore, Vietnam's rapidly developing tourism industry, attracting millions of tourists annually, has fueled demand for buses. Public data indicates that Vietnam's tourism industry will welcome over 17.5 million international tourists in 2024, a year-on-year increase of approximately 39.5%.
Vietnam's bus production primarily relies on domestic manufacturing with some imported assembly. THACO (Trường Hải Auto Corporation) is a key manufacturer, having long held a significant position in the Vietnamese bus market. Its product range encompasses a full range of models, from small commuter vehicles to large city buses and tourist coaches. Compared to countries like China and Japan, Vietnam still relies heavily on imports for both complete buses and core powertrain components, lacking a comprehensive local parts supply chain.
With the recovery of Vietnam's tourism industry, the continued growth of the passenger transport industry, and the gradual replacement of fuel buses with electric buses, the publisher predicts that Vietnam's bus sales will reach 25,900 units by 2034, with a compound annual growth rate (CAGR) of 13.2% from 2025 to 2034.
The publisher recommends that global bus manufacturers, dealers, auto parts manufacturers, and investors promptly research the Vietnamese market and prepare for expansion into the country's bus market. The offices in Shanghai, China, and Hanoi, Vietnam, will assist foreign companies in entering the Vietnamese bus market.
Topics covered:
- Overview of the Bus Industry in Vietnam
- The Economic and Policy Environment of Bus Industry in Vietnam
- The Market Size of Bus Industry in Vietnam (2025-2034)
- Analysis of Major Bus Industry Manufacturers in Vietnam
- Main Driving Forces and Market Opportunities of Bus Industry in Vietnam
- What are the main driving forces, challenges and opportunities of Bus industry in Vietnam during the forecast period of 2025-2034?
- Which companies are the main players in Vietnam's Bus industry market and what are their competitive advantages?
- What is the expected revenue of Vietnam's Bus industry market during the forecast period of 2025-2034?
- Which part of Vietnam's Bus industry market is expected to dominate the market in 2034?
- What are the main disadvantages facing Vietnam's Bus industry?
- How can foreign capital enter Vietnam's Bus industry?
Table of Contents
Companies Mentioned
- Hoang Long Bus
- Sinh Cafe Bus
- Phuong Trang FUTA Bus
- Mai Linh Bus
- VinBus
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 8.49 Thousand Units |
| Forecasted Market Value ( USD | $ 25.9 Thousand Units |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 5 |
