Increase in Number of Automotive Enterprises Expected to Drive Vietnam Automobile Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Vietnam automobile industry is a fast growing sector, mainly dependent on domestic sales. The industry is one of the largest economic sector by revenue. All currently produced models are generally designed abroad by foreign brands, and many rely on knock-down kit production. Owing to high import taxes on automobiles, the Vietnamese government defends domestic manufacturing. Automobile is a motorized vehicle that consists of four wheels and powered by an internal combustion engine. It is used to transport people and goods from one location to another location. It generally uses gasoline to fuel the internal engine, but growth of technological advances have led to the design of cars that run on electricity and even water. According to study, “Vietnam Automobile Comprehensive Report Q4/2019” the key companies operating in the Vietnam automobile industry are Truong Hai Auto, Ford Vietnam, Toyota Vietnam, Mercedes-Benz Vietnam, Lexus Vietnam, Hino Motor Vietnam, Honda Vietnam, Isuzu Vietnam. Based on vehicle type, Vietnam automobile industry is segmented into passenger cars, heavy commercial vehicles (HCV), light commercial vehicles, Battery Electric Vehicle (BEV), Hybrid electric vehicle (HEV) and plug-in hybrid electric vehicle (PHEV). Based on fuel used, market is segmented into diesel, hydrogen, solar and petrol. Based on number of wheels, market is segmented into two-wheeler, three-wheeler, four-wheeler, six-wheeler and more. Based on transmission, market is segmented into manual (conventional) transmission vehicle, automatic transmission vehicle and semi-automatic transmission vehicle. Manual transmission includes synchronous gearbox, synchronous gearbox with overdrive, constant mesh gearbox and sliding mesh gearbox. Automatic transmission includes torque converter drive and hydraulic drive. Semi-automatic transmission includes fluid torque drive, electric controlled with or without overdrive. Based on drive availability, market is segmented into four-wheel drive and all-wheel drive. In addition, based on application, market is segmented into performance, safety & security and comfort & convenience. The Vietnam automobile industry is driven by rise in demand for vehicles in tier 2 and tier 3 cities, followed by increase in per capital income, growth in demand for safety & convenience features, strict safety regulations set by government, surge in demand of electric vehicles, growth in IoT (internet of things), rise in urbanization, increase in investments in research & development (R&D) activities, rise in standard of living and increase in component aftermarket. However, intense competition and high cost of vehicle may impact the market. Moreover, rise in availability of credit system is a key opportunity for market. Furthermore, growth in technological advancements is a major trend for market. In Q4/2019, growth of the Vietnam automobile industry is reached at rapid pace owing to increase in number of automotive enterprises & supporting industries in the country. In near future, it is expected that this development of supporting industry will create favorable condition for enterprises to join the global value chain and attract more foreign direct investment along with improve the production capacity and innovate their technologies. The supporting industry will also contribute to the extension of industry clusters, and creates a network of traders of input products for other businesses in the country. In upcoming years, it is estimated that future of the market will be optimistic due to growth in improvement of the quality of life and strong socio-economic development during the forecast period. For More Information, refer to below link:- Vietnam Automobile Market Related Reports:- Global Automobile Diaphragm Market Research (2015-2019) and Future Forecast (2020-2025) Global Automobile High-strength Steel Market Research (2015-2019) and Future Forecast (2020-2025) Global Automobile Accessories Market Research (2015-2019) and Future Forecast (2020-2025) Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Automobile consumption in Vietnam, Automotive industry in Vietnam, Automotive Market in Vietnam, Ford Vietnam Automobile Market, Hino Motor Vietnam Automobile Market, Honda Vietnam Automobile Market, Isuzu Vietnam Automobile Market, Lexus Vietnam Automobile Market, Mercedes-Benz Vietnam Automobile Market, Revenue from automobile manufacturing in Vietnam, Toyota Vietnam Automobile Market, Truong Hai Auto Automobile Market, Vietnam Auto Part Industry, Vietnam Automobile Industry, Vietnam Automobile Industry Research Report, Vietnam Automobile Market, Vietnam Automobile Market Forecast, Vietnam Automobile Market Future Outlook, Vietnam Automobile Market Growth, Vietnam Automobile Market Key Players, Vietnam Automobile Market Overview, Vietnam Automobile Market Research Report, Vietnam Automobile Market Revenue, Vietnam Automobile Market Sales, Vietnam Automobile Market Segmentation, Vietnam Automobile Market share, Vietnam Automobile Market Size, Vietnam Automobile Market Value, Vietnam Automotive Manufacturing Market Research Reports, Vietnam Motor Exporter, Vietnam Motor Importer, Vietnam Motor Industry, Vietnam Motor Industry Research Report, Vietnam Motor Manufacturer, Vietnam Motor Market, Vietnam Motor Market Forecast, Vietnam Motor Market Future Outlook, Vietnam Motor Market Growth, Vietnam Motor Market Key Players, Vietnam Motor Market Overview, Vietnam Motor Market Research Report, Vietnam Motor Market Revenue, Vietnam Motor Market Sales, Vietnam Motor Market Segmentation, Vietnam Motor Market share, Vietnam Motor Market Size, Vietnam Motor Market Value, Vietnam Motor Vehicles Sales