Summary
Car Manufacturing 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
- The car manufacturing market encompasses passenger cars, which are defined as motor vehicles equipped with at least four wheels, designed primarily for the transportation of passengers. These vehicles typically accommodate no more than eight seats, including the driver's seat. This market includes petrol, diesel, electric, and hybrid passenger cars. The market encompasses a broad spectrum of vehicle types, such as mini, small, medium, large, exclusive, and luxury cars, along with mini, compact, mid and full-size SUVs/crossovers. Additionally, it encompasses compact, small and large MPVs, as well as mini, compact, mid and full-size pickups. Sport coupe cars are also included within the scope. Light or heavy commercial vehicles e.g., vans or heavy goods vehicles (HGVs) are excluded from the market scope.
- The Vietnamese car manufacturing industry recorded revenues of $7.8 billion in 2024, representing a compound annual growth rate (CAGR) of 5.8% between 2019 and 2024.
- Industry production volume increased with a CAGR of 4.9% between 2019 and 2024, reaching a total of 305.5 thousand units in 2024.
- The Vietnamese car manufacturing industry’s production volume grew by 21.9% in 2024, which was also supported by rising demand from the domestic rental car market. Fleet expansion by rental companies led to bulk orders, boosting factory output. According to GlobalData, the rental car fleet in Vietnam stood at 18,458 units in 2024, an increase of 14.9% from the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car manufacturing market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car manufacturing market in Vietnam
- Leading company profiles reveal details of key car manufacturing market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam car manufacturing market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Vietnam car manufacturing market by value in 2024?
- What will be the size of the Vietnam car manufacturing market in 2029?
- What factors are affecting the strength of competition in the Vietnam car manufacturing market?
- How has the market performed over the last five years?
- Who are the top competitors in Vietnam's car manufacturing market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What have been the most recent market developments?
8 Company Profiles
8.1. Truong Hai Auto Corporation
8.2. Hyundai Motor Co
8.3. Ford Motor Co
8.4. VinFast Auto Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Vietnam car manufacturing industry value: $ billion, 2019-24
Table 2: Vietnam car manufacturing industry volume: thousand units, 2019-24
Table 3: Vietnam car manufacturing industry category segmentation: % share, by volume, 2019-24
Table 4: Vietnam car manufacturing industry category segmentation: thousand units, 2019-24
Table 5: Vietnam car manufacturing industry geography segmentation: $ billion, 2024
Table 6: Vietnam car manufacturing industry value forecast: $ billion, 2024-29
Table 7: Vietnam car manufacturing industry volume forecast: thousand units, 2024-29
Table 8: Vietnam car manufacturing industry share: % share, by volume, 2024
Table 9: Truong Hai Auto Corporation: Key Facts
Table 10: Hyundai Motor Co: Key Facts
Table 11: Hyundai Motor Co: Annual Financial Ratios
Table 12: Hyundai Motor Co: Key Employees
Table 13: Ford Motor Co: Key Facts
Table 14: Ford Motor Co: Annual Financial Ratios
Table 15: Ford Motor Co: Key Employees
Table 16: Ford Motor Co: Key Employees Continued
Table 17: Ford Motor Co: Key Employees Continued
Table 18: Ford Motor Co: Key Employees Continued
Table 19: VinFast Auto Ltd: Key Facts
Table 20: VinFast Auto Ltd: Key Employees
Table 21: Vietnam Size of Population (Million), 2020-24
Table 22: Vietnam Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: Vietnam GDP (Current Prices, $ Billion), 2020-24
Table 24: Vietnam Inflation, 2020-24
Table 25: Vietnam Consumer Price Index (Absolute), 2020-24
Table 26: Vietnam Exchange Rate, 2019-24
List of Figures
Figure 1: Vietnam car manufacturing industry value: $ billion, 2019-24
Figure 2: Vietnam car manufacturing industry volume: thousand units, 2019-24
Figure 3: Vietnam car manufacturing industry category segmentation: thousand units, 2019-24
Figure 4: Vietnam car manufacturing industry geography segmentation: % share, by value, 2024
Figure 5: Vietnam car manufacturing industry value forecast: $ billion, 2024-29
Figure 6: Vietnam car manufacturing industry volume forecast: thousand units, 2024-29
Figure 7: Forces driving competition in the car manufacturing industry in Vietnam, 2024
Figure 8: Drivers of buyer power in the car manufacturing industry in Vietnam, 2024
Figure 9: Drivers of supplier power in the car manufacturing industry in Vietnam, 2024
Figure 10: Factors influencing the likelihood of new entrants in the car manufacturing industry in Vietnam, 2024
Figure 11: Factors influencing the threat of substitutes in the car manufacturing industry in Vietnam, 2024
Figure 12: Drivers of degree of rivalry in the car manufacturing industry in Vietnam, 2024
Figure 13: Vietnam car manufacturing industry share: % share, by volume, 2024
