Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. Specifically, the recall affects 730 units of the VF e34 model, in which the side impact sensors must be replaced. Based on range, the market has been categorised into 0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above. Additionally, the electric vehicle market is expected to take a hit amid the Covid-19 pandemic in 2020. . 2022-2026. VAMA members passenger car sales were up 85.5%, commercial vehicles were up 36.3%, and special purpose vehicles were down 6.6%. During the month of December, registrations of new vans across the EU declined significantly (-12.8%) again.The main reason still being the microchip shortage that has hit production of this vehicle category in particular. In December. The light commercial vehicle market was the largest segment of the commercial vehicle market segmented by type, accounting for 61.6% of the total in 2020. Vietnamese Automobile Market Vietnamese Automobile Market Dublin, Sept. 07, 2022 (GLOBE NEWSWIRE) -- The "Research Report on Vietnam's Automobile Industry 2022-2031" report has been added to ResearchAndMarkets.com's offering. The average value for Vietnam during that period was 51386 commercial vehicles with a minimum of 10376 commercial vehicles in 2005 and a maximum of 112332 commercial vehicles in 2016. While the Commercial Vehicles market size in Vietnam was US$ XX million in 2019, and it is expected to reach US$ XX million by the end of 2026, with a CAGR of XX% during 2020-2026. The global Automotive market is poised to register strong growth with light . 39,348 units have been sold in October (-7%), leading to total sales from January to October 2021 at 279,043 units (+2.6%). Vietnam Automobile Industry Report 2022: Passenger Vehicles 2015-2021, Commercial Vehicles 2015-2021, Auto Manufacturers 2015-2021, Imports/Exports 2021-2021 & Prospects 2022-2031 - ResearchAndMarkets.com 29 November 2021 [EVENT] Singapore launch of Global Business Influencers 2018. Report Coverage. Forecast period. In March of this year, Thailand made a goal of having 1 million EV's on its roads by 2025, with a figure of 15 million to be expected 10 years from now. Since the beginning of 2021, Daimler India Commercial Vehicles said it has set a record by shipping over 9,000 commercial vehicles crossing new milestone including 45,000 vehicles, 9,000 CKD (completely knocked down) kits, and 200 million parts being exported, DICV said. The market has been observed to be growing at a steady growth rate over the last three years, however with the impact of . Scope of Commercial Vehicle Market Report: The market is projected to grow from USD 955.57 billion in 2022 to USD 1,712.44 billion by 2029, exhibiting a CAGR of 8.7% during the forecast period. Competitive Landscape The Vietnam Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 59.02%. This product has set a record in Vietnamese market when it received more than 25,000 deposit orders after only a short time of opening for sale. Leading players in the Vietnam electric commercial vehicle Market are Daimler, Tesla, Proterra, Nissan, BYD, Honda, Hyundai, VDL, ABB, Volvo, etc. The biodiesel producer and renewable energy company started evolving into the commercial EV business back in 2019. Experts attributed the increase in the sales of domestically-assembled vehicles to a cut of 50 percent in registration fee on the product. Sales volume of. Auto sales in Vietnam down 2.3% in December, full year 2021 up 2.5% to 304,149. Commercial Vehicle Accessories is one of the fast growing market in Vietnam. BEV Recall Startup VF e34 Vietnam VinFast. The market growth can be attributed to the rising de. The market growth can be attributed to the rising de Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "Vietnam Electric Commercial Vehicle Market, By Vehicle Type (Electric Truck, Electric Bus), By Propulsion Type (BEV, HEV, PHEV and FCEV), By Range, By Battery Capacity, By Region, Competition Forecast & Opportunities, 2017-2027" report has been . 2021. According to 6Wresearch, Vietnam electric vehicle market size grew at a CAGR of 22.9% during 2020-2025. Dublin, June 28, 2022 (GLOBE NEWSWIRE . The market growth can be attributed to the rising demand for electric commercial vehicles such as electric trucks in the logistic industry and the increasing focus of government on promoting electrification in the country. Passenger Vehicle and Motorcycle Lubricant Market in Indonesia. This is in comparison to a 13% market share for passenger vehicles, 3 percent for three wheelers and a massive 80 percent held by two wheelers. Auto sales in Vietnam up 88.7% in July The vehicle market continued to recover from last year's Covid slowdown with easing supply chain bottlenecks also helping automakers fulfil pent up demand. Vietnamese Commercial Vehicle Industry 2022-2026 View Trends, Analysis and Statistics. Vietnam Commercial Vehicle Accessories market is expected to grow at a CAGR of XX.XX% to reach $XX.XX billion by 2020. Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. Rely on our Market Intelligence platform to get the latest trends on the Commercial Vehicle Industry and anticipate the future of the sector. The report is an invaluable resource for companies and organizations active in this . The global Commercial Vehicles market was valued at xx million in 2019 and is projected to reach US$ xx million by 2026, at a CAGR of xx% during the forecast period. Hino Motors Vietnam is the leading truck manuafacturer in Vietnam, founded in June 1996. . Commercial Vehicles hold almost 4% of the total market share of all vehicles sold in India. The market growth can be attributed to the rising demand for electric. Additional Benefits: The Vietnam Commercial Vehicles Lubricants Market stood at 45.11 million liters in 2021 and is projected to register a CAGR of 3.61% to reach 53.85 million liters in 2026. According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on January 11, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 2.3% year on year to 46,759 units in December. The domestic vehicle market in October 2021 has been recovering, net sales reached 43.6% above pre-pandemic levels. At present, the Vietnam Lubricant Market is at growth . The BEV electric commercial vehicles are cheaper than petrol/diesel vehicles and provide a better range, which has led to their increased adoption. The light commercial vehicles segment of the market studied was valued at USD 42.94 in 2018 and is expected to witness the fastest growth rate during the forecast period. The present economy in Vietnam presents its own set of opportunity and threats for business in a range of industries. Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. Truong Hai (Thaco) group . As the leader of Vietnam commercial vehicles manufacturer, we always do our best to satisfy the market demand and the customers expectations through our best products and total support activities for our customers. The commercial vehicle market in ASEAN, in terms of revenue, is anticipated to progress at a CAGR of 7.7% during the forecast period, 2022 - 2028, according to StrategyHelix. Overall, commercial vehicle sales are growing slowly and will level out over the next ten years. Vietnam Electric Commercial Vehicle Market, By Vehicle Type, By Propulsion Type, By Range, By Battery Capacity, By Region, Competition Forecast & Opportunities, 2017-2027. 5.1.2 Operation Status . ACG released Indian Commercial Vehicle Market Report 2022 and Outlook. In 2021, the sales volume of special-purpose vehicles in Vietnam amounted to about 3.26 thousand units. The market growth can be attributed to the rising de. However, the above-mentioned sales yet to fully reflected the entire auto market of Vietnam since such brands as Audi, Jaguar Land Rover, Mercedes-Benz, Subaru, Volkswagen, and Volvo did not reveal their sales. Oct 28, 2022 (The Expresswire) -- As per Market Growth Report, Commercial Vehicle market size is estimated to be worth USD 1341310 milpon in 2022 and is forecast to a readjusted size of USD . Vietnam Automotive Industry Benchmarking 6.1 Overall Ranking 6.2 Demand Index 6.3 . India is one of the leading manufacturers and exporters of commercial vehicles (CVs) in the world. The market growth can be attributed to the rising demand for electric. Truck Market in Vietnam Scope. Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "Vietnam Electric Commercial Vehicle Market, By Vehicle Type (Electric Truck, Electric Bus), By Propulsion Type (BEV, HEV, PHEV and . while commercial vehicle sale increased by just over 12% to 5,166 from 4,601 units. Vietnam Electric Commercial Vehicle Market Report 2022-2027: Featuring Key Players Daimler, Tesla, Proterra, Nissan, BYD, Honda, Hyundai, VDL, ABB & Volvo. Indian CV had hit the rock bottom owing to the COVID-19. Research Expert covering Vietnam Get in touch with us now , Jan 17, 2022 In 2021, the sales volume of trucks in Vietnam amounted to about 68.13 thousand units. The year 2020 was completely hit by the pandemic. The Vietnam automobile industry is no exception. VinFast - Vietnam's first domestic automaker is gradually changing the acceptance and perception of electric vehicles in Vietnam through the launch of its first electric car model in 2021, the VF e34. On a full charge, the automobile can go more than 400 kilometres. See the global rankingsfor that indicator or New light commercial vehicles (LCV) up to 3.5t. 4.2.2 Market Size of Vietnam Commercial Vehicle 5 Major Auto Manufacturers in Vietnam, 2015-2021. The Multispace Parking Meter Market to Record a Significant Growth of USD 1.3 Billion by 2030: Flowbird Group, Hectronic, IEM SA, IPS Group, Inc. KSA Data Center and Cloud Services Market Outlook to 2026F: Ken Research; The Online Tutoring Market to Experience Significant Growth at 14.7% CAGR by 2030, Mentions Kings Research When using 350 kW rapid charging, the EV6 can charge from 10% to 80% of the battery in 18 minutes . The market growth can be attributed to the rising de. Going forward, the buses and coaches segment is expected to be the fastest growing segment in the commercial vehicle market segmented by type, at a CAGR of 14.7% during 2020-2025. Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. 5.1.3 Development Strategy . Get a Free Sample. Base year. vietnam electric commercial vehicle market, by vehicle type (electric truck, electric bus), by propulsion type (bev, hev, phev and fcev), by range (upto 100 miles, 100-200 miles, 201-300 miles, above 300 miles), by battery capacity (less than 100 kwh, 100-200 kwh, 200-300 kwh, above 300 kwh), by region, competition forecast & opportunities, Growth drivers for lubricant market in Vietnam: Due to growth in the industrial sector especially after the covid-19, rising of motorcycles sales with spending to purchase more and more vehicles and increase in the sales of heavy duty vehicles are driving the demand of lubricants in Vietnam. Law no. 5.1 Honda Vietnam 5.1.1 Enterprise Profile 5.1.2 Operation Status 5.1.3 Development Strategy Vietnamese newcomer VinFast is recalling around a third of its electric cars sold to date on the domestic market. 5.2 Vietnam Commercial Vehicles Demand Outlook, Tonnes, 2010- 2026 6. According to the analyst's analysis, the annual sales of automobiles in Vietnam increased rapidly from 2015 to 2019, from 209,000 in 2015 to 306,000 in 2019, which is one . countries is 444636 commercial vehicles. A commercial vehicle is a vehicle that is licensed to be used for the transportation of goods or materials rather than passengers. Thailand, and Vietnam. The country is seeing a paradigm shift from petroleum to electric-powered . Commercial Vehicle Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global commercial vehicle market as it emerges from the COVID-19 shut down. This OG Analysis report covers the 2019 scenario and growth prospects of Vietnam Automotive market for 2016-2026. Report Highlights. The global commercial vehicle market size was valued at USD 821.28 billion in 2021. The COVID-19 pandemic affected the market, and commercial vehicle sales took a dip in 2020 in the ASEAN region. 5.1 Honda Vietnam . DUBLIN, February 10, 2022--The "ASEAN Commercial Vehicle Tire Market, Segmented By Vehicle (Truck, Bus/Van), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By . 5 Major Auto Manufacturers in Vietnam, 2015-2021. Growth momentum & CAGR. 1.4.7.6 Vietnam OEM Commercial Vehicle . Above 500 miles range segment is anticipated to grow at a highest CAGR during the forecast period since most of the electric commercial vehicles produced and sold over the forecast period will be buses. The Vietnam Petroleum Institute reports that Vietnam's automobile market still shows a lot of room to grow as car ownership remained low at 23 cars per 1,000 people while it is 1 in 10 people in . Low GDP per capita of USD 2300 acts as a hindrance to the adoption of electric four-wheelers whose cost is quite high as compared to the . Surprisingly, the year that followed . Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "Vietnam Electric Commercial Vehicle Market, By Vehicle Type (Electric Truck, Electric Bus), By Propulsion Type (BEV, HEV, PHEV and . Vietnamese customers will be able to purchase the Kia EV6 electric vehicle. 4.2.2 Market Size of Vietnam Commercial Vehicle . 120. The Indian Commercial Vehicle sales done in 2021 are 0.67 million units compared to slightly more than half a million in CY 2020. The COVID-19 pandemic has been unprecedented and staggering, with commercial vehicle experiencing lower-than . Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their higher volume requirements and short drain intervals compared to other . One of the region's first movers in the EV market is Vietnam, where the local industry is on the rise. DUBLIN-(BUSINESS WIRE)-Vietnamese Electric Commercial Vehicles Market, By Vehicle Type (E-Truck, Electric Bus), By Propulsion Type (BEV, HEV, PHEV and FCEV), By Range, By Battery Capacity, By Region, Forecast Competition and Opportunities, The 2017-2027 Report" has been added to from ResearchAndMarkets.com offer.The Vietnamese electric utility vehicle market is expected to grow at a . Details. Commercial Vehicle Adhesives market report 2022 presents CAGR status, competitor's strategy, analysis, market scope, regions, market facts & figures by country, sales, revenue and gross margin The major players in this market are BP Plc (Castrol), Mekong Petrochemical JSC, Petrolimex (PLX), Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically). According to a report from the Vietnam Automobile Manufacturers' Association (VAMA), the industry registered only 11,761 units consisting of. More insights about Automotive . The exact issue was described by VinFast in a statement: "The side crash . Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. In that year, total car sales reached about 277.20 thousand units. Commercial vehicle market garnered a revenue of USD 1.4 trillion in the year 2019 globally and is anticipated to reach USD 2.6 trillion by 2027, growing at a compound annual growth (CAGR) of 6.7% over the forecast period. The Current Outlook for Vietnam's EV Market. Download our free industry report about the Indonesian commercial vehicle market in 2020. Commercial Vehicle Market is valued at USD 949.81 Billion in 2021 and expected to reach USD 1449.04 Billion by 2028 with the CAGR of 6.22% over the forecast period. The new vehicle market surged by almost 59% to 29,036 units in March 2021 from 18,270 units in the same month of last year, according to wholesale data released by the Vietnam Automotive . To calculate the market size, revenue from the market sales of Passenger cars, light commercial vehicles and heavy commercial vehicles are considered. Vietnam's vehicle market continued to rebound in January accoring to VAMA data. . Of the 14.7 million units sold last year, 11.4 million were light commercial vehicles (LCVs) and 3.3 million were either heavy-duty trucks (HDTs) or medium-duty trucks (MDTs). The latest value from 2021 is 53157 commercial vehicles. The COVID-19 pandemic affected the automotive industry, with the market witnessing a decline in growth as a result of low automotive sales or new requirements. Accelerate at a CAGR of 7.43% Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "Vietnam Electric Commercial Vehicle Market, By Vehicle Type (Electric Truck, Electric Bus), By Propulsion Type (BEV, HEV, PHEV and . Overall in 2021. The Southeast Asian electric vehicle market is expected to log a compounded annual growth rate of 32.73% to 2027. Total new commercial vehicles. 5.1.1 Enterprise Profile . Years considered for this report: . Vietnam electric commercial vehicle market is expected to grow at a formidable rate during the forecast period. VIETNAM ELECTRIC COMMERICAL VEHICLE MARKET NEW PARTNERSHIP According to VinFast, a Vietnamese manufacturer, a preliminary agreement has been struck for an initial investment of $2 billion to develop a facility in North Carolina to produce electric buses, sport utility vehicles (SUVs), and batteries for EVs. Market Overview The ASEAN commercial vehicles market was valued at USD 45.55 billion in 2021, and it is expected to reach USD 67.97 billion by 2027, projecting a CAGR of over 6.97% during the forecast period. The CV Industry has seen a seen a lot of ups and downs in the . Under the light commercial vehicles (LCVs) segment, vehicles with a gross vehicle weight rating less than 16 metric ton have been considered, which includes pickup trucks . The market is expected to include not just private vehicles, but also . View > Vietnamese Commercial Vehicle Industry 20222026 6 reports The E-GMP platform was used to construct Kia's first electric car, a stylish SUV Coupe design. In that year, total commercial. PAGES: 77 Pages DELIVERY TIME: 2-3 business days ADD TO COMPARE. The global commercial vehicles market size was estimated at USD 1,274.50 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. To enhance the development of EV industry in Vietnam, the Government has recently issued new decisions including: Decree 10/2022, effective from Mar 1,2022 regarding the exemption of registration fee for Battery Electric Vehicle for the first 3 years and 50% fee reduction for the next 2 years. From 2018 through 2030, we anticipate annual growth of 2%. 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