New Cars in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Vietnamese new cars market recorded revenues of $7.8 billion in 2024, representing a compound annual growth rate (CAGR) of 0.2% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 4.6% between 2019 and 2024, reaching a total of 401,031.0 units in 2024.
- In 2024, the volume of the Vietnamese new cars market grew by 26.4% annually, fueled by increased real GDP growth. According to the World Bank, in 2024, the real GDP growth in Vietnam grew by 7.1% annually.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Vietnam
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam new cars market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Vietnam new cars market by value in 2024?
- What will be the size of the Vietnam new cars market in 2029?
- What factors are affecting the strength of competition in the Vietnam new cars market?
- How has the market performed over the last five years?
- Who are the top competitors in Vietnam's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Toyota Motor Corp
- Mazda Motor Corp
- Hyundai Motor Co
- Renault-Nissan-Mitsubishi Alliance
