Vietnam Automotive Aftermarket Service Market Analysis, Size, Share and Trends 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 Overview Of Vietnam Automotive Aftermarket Service Industry Vietnam‘s automotive aftermarket service industry generated a revenue of USD ~XX million in FY’20, expanding at a CAGR of XX% during FY’15 and FY’20. The market is fragmented with various players operating in the Automotive Aftermarket Service Ecosystem, consisting of OEM/Authorized, Large Multi Brand and Small/Unorganized workshops. Historically, motor bikes remain the top choice among the consumers due to high concentration of population belonging to rural regions having low purchasing power. However, due to rapid urbanization and fast growing middle class, the demand for passenger cars has been growing significantly in recent times, which in turn is contributing to the growth of automotive aftermarket service industry. The growth of vehicle parc serve as one of the major growth drivers for the aftermarket industry in Vietnam in recent years. It has been estimated that vehicle parc expanded with a CAGR of XX% in between FY’15 and FY’20. Most number of vehicles serviced in FY’20 were in the city of Hanoi (XX units), followed by Ho Chi Minh (XX units), Haiphong (XX units) and Can Tho (XX units). Competitors in Vietnam aftermarket service industry compete based on services offered, service fee, number of cars serviced, quality of service, sourcing of spare parts, and booking mode. Major OEM/authorized workshops operating in Vietnam automotive aftermarket service industry includes Hyundai Vietnam, Toyota Motors Vietnam, Honda Vietnam, Ford Vietnam, THACO, and Vinfast among others. Multi brand players include Vietnam Car Care, Thanh Phong Auto, Vuong Phat Auto, Vu Khoi Garage, and Garage Doanh Workshop among others. Vietnam Automotive Aftermarket Service Industry Segmentation, FY’20 By Type of Workshop Small/Unorganized workshops was estimated to dominate aftermarket service industry in Vietnam. Small/Unorganized workshops constituted XX% of the overall workshop in FY’20 followed by large multi brand workshops and OEM. Consumers prefer small/unorganized workshops due to lower priced services they offer compared to OEMs post warranty period. By Type of Vehicles Serviced Vietnam’s automotive aftermarket industry was observed to be dominated by Sedan in FY’20 on the basis of revenue generated (USD ~XX million) as well as number of vehicles serviced (XX units) followed by SUV, Hatchback, Compact SUV and MPV. Affordability of vehicles classified under Sedan segment is the major determinant for the demand of purchasing and servicing these type of vehicles. By Age of Car Vehicles in the age group 0-3 years contributed the majority share of XX% on the basis of number of vehicles serviced in FY’20 followed by age group between 3-6 years, 6-9 years, and 9 years & above. The number of vehicles serviced between the age group 0-3 years has been on the rise since FY’18 due to the import tax reduction to 0% for cars imported from ASEAN region which enhanced the growth prospect of passenger vehicle sales. By Region Northern and Southern region of Vietnam dominated the automotive aftermarket with a combined share of XX% in terms of number of vehicles serviced in FY’20. By Booking Mode Offline medium remained the preferred choice of consumers for consuming aftermarket services in FY’20, garnering a revenue share of XX% on the basis of number of vehicles serviced. Due to the lack of technological adoption by OEM and multi brand workshops, online booking system has remained inefficient over the years. By Service Split Vehicle maintenance services contributed in generating a revenue of USD ~XX million in FY’20, garnering up to XX% of revenue share. Services under vehicle maintenance includes oil change, engine oil filter, drain plug gasket, brake fluid, tire re-alignment, and radiator coolant among others. Vietnam automotive aftermarket service market Request For Sample Report:- https://www.kenresearch.com/sample-report.php?Frmdetails=NDkzMDY3 Vietnam Spare Parts Aftermarket Industry Vietnam’s spare parts aftermarket industry generated a revenue of USD ~XX million in FY’20, expanding at a CAGR of XX% in between FY’15 and FY’20. Demand for spare parts is indirectly driven by the fast growing middle class shifting their outlook from availing public transport to private transportation medium. As more consumers utilize private transportation, demand for aftermarket services especially for spare parts replacement will rise. Major Tier 1 spare parts suppliers in Vietnam include Denso, Yazaki, Sumitomo Electric, and VPIC among others. Major Tier 2/3 spare parts suppliers include Casumina, Kumho Tires, Estec, and Pinaco among others. Vietnam Spare Parts Aftermarket Industry Segmentation By Type of Spare Parts (Tires, Battery, Shocks & Struts, Alternator & Starter, Drain Plug Gasket, and Oil & Lubricants) : Tires and batteries dominated the spare parts aftermarket in FY’20, contributing to a combined share of XX% of the overall revenue generated by the industry followed by shocks & struts, oil & lubricants, alternator & starter, and drain plug gasket. Competitive Landscape in Vietnam Automotive Aftermarket Service Industry, FY’20 The competition structure in Vietnam automotive aftermarket service industry is highly competitive with OEM/Authorized dealers competing with Multi Brand and unorganized players for the market share. These workshops compete on the basis of services offered, service fee, number of cars serviced, quality of service, sourcing of spare parts, and booking mode. Warranty on auto parts is regarded as one of the major parameters of competition between OEM service companies. OEM automotive servicing companies offer periodic maintenance pricing packages based on kilometers driven or completion of certain months of availing a vehicle. On the other hand, multi brand workshops offer vast portfolio of vehicle services at lower prices compared to OEM service companies. Future outlook of Vietnam Automotive Aftermarket Service Industry The market size based on revenue is expected to grow at a five-year CAGR of XX% increasing from USD XX million in FY’20 to USD XX million in FY’25. The market size based on number of vehicles serviced is expected to grow at a five-year CAGR of XX% from FY’20 to FY’25 increasing from XX cars serviced in FY’20 to XX units in FY’25. Vehicle parc is estimated to stand at XX units by the end of FY’25E. Surging vehicle parc will positively contribute to the growth of the automotive aftermarket services industry. Small and unorganized workshops will continue to dominate the aftermarket services industry contributing to a share of XX% the basis of number of vehicles serviced. Number of vehicles serviced will continue to increase rapidly in the coming years as government initiatives such as periodic inspection every 18 months will need car owners to maintain and service their vehicles regularly. Key Segments Covered in Vietnam Automotive Aftermarket Service Industry:- By Type of Workshop OEM/Authorized Large Multi Brand Small/Unorganized By Type of Vehicle Serviced Sedan SUV Hatchback Compact SUV MPV By Age of Car 0-3 years 3-6 years 6-9 years 9 years & above By Region North Central South By Booking Mode Online Offline (including telephonic as well as Physical Booking) By Service Split Maintenance Car Care Accident Repair Vietnam Spare Parts Aftermarket Segmentation By Type of Spare Parts Tires Battery Shocks & Struts Oil & Lubricants Drain Plug Gasket Alternator & Starter Others Key Target Audience:- Automotive Companies OEM Vehicle Service Companies Multi Brand Vehicle Service Companies Automotive Spare Parts Companies Government Bodies Automotive Associations Time Period Captured in the Report:- Historical Period: 2015-2020 Forecast Period: 2020-2025 Automotive Aftermarket Service Companies in Vietnam:- OEM/Authorized Vehicle Service Companies Hyundai Vietnam Toyota Motors Vietnam Honda Vietnam Mitsubishi Vietnam Ford Vietnam Suzuki Vietnam Vinfast Lexus THACO Multi Brand Vehicle Service Companies Vietnam Car Care Thanh Phong Auto Vuong Phat Auto Garage Doanh Workshop Thanh Tam Auto Vu Khoi Garage Pham Vu Ngyuen Khoi Liem Gia Phat Spare Part Suppliers Denso Yazaki Sumitomo Electric Toyota Boshoku Harada Hanoi Plastics Casumina Kumho Tires Estec Pinaco Tam Hop Key Topics Covered in the Report:- Vietnam Automotive Aftermarket Service Industry Overview Value Chain Analysis of Vietnam Automotive Aftermarket Service Industry Ecosystem of Major Entities of Vietnam Automotive Aftermarket Service Industry Market Size of Vietnam Automotive Aftermarket Service Industry on the basis of Revenue and Number of Vehicles Serviced, FY’15-FY’20 Passenger Vehicle Sales in Vietnam, FY’15-FY’20 Vehicle Parc in Vietnam, FY’15-FY’20 Vietnam Automotive Aftermarket Service Industry Segmentation, FY’20 Competitive Analysis of Vietnam Automotive Aftermarket Competition in Vietnam OEM Automotive Aftermarket Service Industry Competition in Vietnam Multi Brand Automotive Aftermarket Service Industry Company Profiles of Hyundai, Toyoto Motors, Vinfast, Mitsubishi Motors, Honda, Vietnam Car Care, Thanh Phong Auto, Vuong Phat Auto, Garage Doanh Workshop and Thanh Tam Auto Pricing of Major OEM Automotive Service Companies Pricing of Major Multi Brand Automotive Service Companies Trends and Developments in Vietnam Automotive Aftermarket Service Industry Issues and Challenges in Vietnam Automotive Aftermarket Service Industry Porter 5 Forces Analysis of Vietnam’s Automotive Aftermarket Service Industry Government Regulations in Vietnam Automotive Aftermarket Service Industry For More Information on the research report, refer to below link:- Vietnam Automotive Aftermarket Service Market Related Reports by Ken Research:- Indonesia Automotive Aftermarket Service Market Outlook to 2026: Influx of new players and car variants from abroad are contributing to the growth of automotive aftermarket service industry in Indonesia Malaysia Automotive Aftermarket Service Market Outlook to 2025: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysia Tags: Analysis of Multi Brand Workshops Vietnam, Analysis of OEM Workshops Vietnam, Automotive Aftermarket Service Industry In Vietnam, Automotive Aftermarket Service Market In Vietnam, Automotive Companies In Vietnam, Automotive Spare Parts Companies Vietnam, Casumina Automotive Spare Part Market Shares, Cost of Vehicle Serviced in Vietnam, Covid-19 Impact Ngành dịch vụ hậu mãi ô tô Việt Nam, Covid-19 Impact Vietnam Automotive Aftermarket Service Industry, Covid-19 Impact Vietnam Automotive Aftermarket Service Market, Denso Automotive Spare Part Market Shares, Doanh số bán xe du lịch tại Việt Nam, Doanh thu thị trường dịch vụ hậu mãi ô tô Việt Nam, Estec Automotive Spare Part Market Revenue, Evaluation Study Vietnam Automotive Aftermarket Service Market, Ford Vietnam 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