Rising Demand: Vietnam Truck & Bus Tire Market Predicted to Expand at 5.86% CAGR by 2030

 According to a recent comprehensive by MarkNtel Advisors  Vietnam Truck & Bus Tire Market research report, the  Vietnam Truck & Bus Tire market is set for significant growth, driven by factors such as market size, share, and evolving trends.

This detailed report offers crucial insights into the market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.

With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the Vietnam Truck & Bus Tire market.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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Vietnam Truck & Bus Tire Market (2024-2030): Analysis and Growth

The Vietnam Truck & Bus Tire Market size is valued at around USD 384 million in 2024 & is estimated to grow at a CAGR of around 5.86% during the forecast period, i.e., 2024-30.

What are the key drivers fueling growth in the Vietnam Truck & Bus Tire market from 2024-2030?

Surge in Infrastructure Development Activities Driving Market Growth – Vietnam is planning to spend around USD 65 billion on infrastructure development during 2021-30. The nation plans to build expressways, railway lines, ports, airports, etc., under its Master Plan 2030. Vietnam is making plans to develop around 10,000 km of expressways for high-paced transportation. Additionally, the country is running closer to putting in place dams, thermal power plants, and warehouses for the well-timed shipping of products. The enlargement of cities to deal with the developing wishes of the urban population is contributing to the growth & development of trucks and buses in the country. Therefore, the aftermarket sale of tires for these automobiles is predicted to grow in the years to come.

Vietnam Truck & Bus Tire Market : Segmentation Analysis 

-By Vehicle Type

-Truck- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Bus- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-By Demand Type

-OEM - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Aftermarket - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-By Tire Type

-Radial - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Bias - Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-By Tire Size

-Tire Size 1- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Tire Size 2- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Tire Size 3-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Tire Size 4-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Tire Size 5-Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-By Price Category

-Budget (Upto USD 180)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Economy (USD181 to 300)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Premium (Above 300)- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-By Sales Channel

-Direct Sales- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Exclusive Outlets- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Multi Brand Stores- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-Online- Market Size & Forecast 2019-2030, Units Sold (Thousand Units)

-By Region

-Central

-East

-West

-South

Explore the Complete Analysis Report – https://www.marknteladvisors.com/research-library/vietnam-truck-bus-tire-market.html

What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?

Bridgestone Corporation, Michelin, Casumina (Southern Rubber Industry Joint Stock Company), Sailun, Goodyear, Yokohama Rubber Co. Ltd., Zhongce Rubber Group Co., Ltd., Kumho Tire, Kenda, Hankook, DRC Tire, China’s Guizhou Tyre, Jinhu Tire and others

“Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.”

Key Questions Answered in the Research Report:

1.    What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?

2.    What are the trends influencing the current scenario of the market?

3.    What key factors would propel and impede the industry across the country?

4.    How has the industry been evolving in terms of geography & solution adoption?

5.    How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-2030?

6.    Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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