Vietnam Electric Two-Wheeler Market Introduction and Overview
According to SPER Market Research, the Vietnam Electric Two-Wheeler Market is estimated to reach USD XX billion by 2033 with a CAGR 7.05%.
The report includes an in-depth analysis of the Vietnam Electric Two-Wheeler Market, including market size and trends, product mix, distribution channels, and supplier analysis. Rechargeable batteries and electric motors power electric two-wheelers. Because of their many benefits, they have become very popular in recent years. Since electric two-wheelers emit no exhaust emissions, they are a clean and environmentally beneficial form of transportation that helps to create a more sustainable environment. Compared to their traditional equivalents, these cars are more affordable, require less maintenance, and have lower running expenses. Electric two-wheelers offer a cost-effective substitute for short-distance and everyday commuting due to the rising cost of fuel.
- Bintelli Fusion and scooter electric bicycles are supplied by Pega Ltt Global Electric Bike Jsc, a company based in Hanoi, Ha Noi, Vietnam. The company also manufactures some of the best parts and supplies.
- Established in 2002, TAN THANH NHAN CO.,LTD is a specialized motorcycle manufacturer based in Hanoi, Vietnam.
Market Opportunities and Challenges
Opportunities: As people have grown more conscious of the negative impacts of pollution and greenhouse gas emissions, they are searching for more ecologically friendly modes of transportation. Electric two-wheelers (E2Ws) are cleaner and quieter than traditional engines. By enacting laws and taking action, the government is also encouraging environmentally friendly transportation. In many locations in this area, two-wheelers are reasonably priced. Vietnam's strong economic growth has resulted in higher salaries for the middle class, which has eventually enhanced consumer purchasing power. The improved infrastructure has made motorbikes more accessible, particularly in rural areas. Because of advancements in battery and motor efficiency, the market is growing. The top domestic manufacturers of E2Ws are Pega Motors, Selex, and VinFast.
Challenges: The high price of batteries and inadequate infrastructure for charging them are two of the issues impeding the expansion of the two-wheeler sector in Vietnam. Other issues include car registration, pollution laws, and safety norms.
Market Competitive Landscape
The market for lithium-ion batteries in India is fragmented. Some of the market companies are Schneider Electric Vietnam, Tan Thanh Nhan Co. Ltd., Dat Bike, VinFast, Pega Ltt Global Electric Bike JSC, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Battery Type, By Battery Technology, By Voltage |
| Regions covered | Eastern, Western, Northern, Southern.
|
| Companies Covered | Schneider Electric Vietnam, Tan Thanh Nhan Co. Ltd., Dat Bike, VinFast, Pega Ltt Global Electric Bike JSC, Others. |
COVID-19 Impact on Vietnam Electric Two-Wheeler Market
Vietnam's electric two-wheeler market was greatly impacted by the COVID-19 pandemic, which brought with it both potential and obstacles. Due to supply chain interruptions, lower consumer spending, and travel restrictions, the market experienced a slowdown in the early stages of the epidemic. As consumers turned their attention to necessities, manufacturing and distribution experienced delays, and consumer confidence declined. However, electric two-wheelers became a popular substitute as the economy started to improve and demand for personal mobility rose.
Key Target Audience:
- Urban Commuters
- Environmentally Conscious Consumers
- Young Adults and Millennials
- Government and Policy Makers
- Corporate Fleets and Businesses
- Delivery and E-Commerce Services
Our in-depth analysis of the Vietnam Electric Two-Wheeler Market includes the following segments:
| By Product: | E scootersE-bikesE-motorcyclesOthers |
| By Battery Type: | Sealed Lead AcidLi-ionNi-MH |
| By Battery Technology: | Removable BatteryNon-removable Battery |
| By Voltage: | 24V36V48V60V72V |
Key Topics Covered in the Report:
- Vietnam Electric Two-Wheeler Market Size (FY’2024-FY’2033)
- Overview of Vietnam Electric Two-Wheeler Market
- Segmentation of Vietnam Electric Two-Wheeler Market By Product (E scooters, E-bikes, E-motorcycles, Others)
- Segmentation of Vietnam Electric Two-Wheeler Market By Battery Type (Sealed Lead, Acid, Li-ion, Ni-MH)
- Segmentation of Vietnam Electric Two-Wheeler Market By Battery Technology (Removable Battery, Non-removable Battery)
- Segmentation of Vietnam Electric Two-Wheeler Market By Voltage (24V, 36V, 48V, 60V, 72V)
- Expansion Analysis of Vietnam Electric Two-Wheeler Market
- Problems and Obstacles in Vietnam Electric Two-Wheeler Market
- Competitive Landscape in the Vietnam Electric Two-Wheeler Market
- Impact of COVID-19 and Demonetization on Vietnam Electric Two-Wheeler Market
- Details on Current Investment in Vietnam Electric Two-Wheeler Market
- Competitive Analysis of Vietnam Electric Two-Wheeler Market
- Prominent Players in the Vietnam Electric Two-Wheeler Market
- SWOT Analysis of Vietnam Electric Two-Wheeler Market
- Vietnam Electric Two-Wheeler Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Electric Two-Wheeler Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Electric Two-Wheeler Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Electric Two-Wheeler Market
7. Vietnam Electric Two-Wheeler Market, By Product (USD Million) 2020-2033
7.1. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Product, 2020-2026
7.2. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Product, 2027-2033
7.3. E scooters
7.4. E-bikes
7.5. E-motorcycles
7.6. Others
8. Vietnam Electric Two-Wheeler Market, By Battery Type (USD Million) 2020-2033
8.1. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Battery Type, 2020-2026
8.2. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Battery Type, 2027-2033
8.3. Sealed Lead Acid
8.4. Li-ion
8.5. Ni-MH
9. Vietnam Electric Two-Wheeler Market, By Battery Technology (USD Million) 2020-2033
9.1. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Battery Technology, 2020-2026
9.2. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Battery Technology, 2027-2033
9.3. Removable Battery
9.4. Non-removable Battery
10. Vietnam Electric Two-Wheeler Market, By Voltage (USD Million) 2020-2033
10.1. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Voltage, 2020-2026
10.2. Vietnam Electric Two-Wheeler Market Size, Share and Forecast, By Voltage, 2027-2033
10.3. 24V
10.4. 36V
10.5. 48V
10.6. 60V
10.7. 72V
11. Vietnam Electric Two-Wheeler Market Forecast, 2020-2033 (USD Million)
11.1. Vietnam Electric Two-Wheeler Market Size and Market Share
12. Vietnam Electric Two-Wheeler Market, By Region, 2020-2033 (USD Million)
12.1. Vietnam Electric Two-Wheeler Market Size and Market Share By Region (2020-2026)
12.2. Vietnam Electric Two-Wheeler Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Western Region
12.5. Southern Region
12.6. Northern Region
13. Company Profile
13.1. Schneider Electric Vietnam
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Tan Thanh Nhan Co. Ltd.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Dat Bike
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. VinFast
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Pega Ltt Global Electric Bike JSC
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Others
14. Conclusion
15. Reference Links
16. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
