Summary

Vietnam electric bus market is expected to grow at a steady rate during the forecast period. The market growth can be attributed to the low cost of electricity and fluctuating fuel prices in the country. Moreover, rapidly growing infrastructural development projected leading to steady economic growth and rising personal disposable incomes are driving the growth of the Vietnam electric bus market. The transport sector is one of the largest contributors to greenhouse gas emissions, responsible for urban and regional air pollution. Witnessing the dangerously rising pollution levels in major cities such as Hanoi, Ho Chi Minh, the government authorities are introducing electric buses to cut down vehicular pollution, which is anticipated to boost the growth of the Vietnam electric bus market. High demand for electric buses owing to favorable government policies encouraging the use of emission-free public transport in the country and continuous advancements in battery technologies are contributing to the growth of the Vietnam electric bus market in the forecast period. Furthermore, rapid urbanization, fluctuating oil prices, and lowering battery prices are increasing the adoption of electric buses across the country, which is positively influencing the growth of the Vietnam electric bus market. Additionally, the rise in demand for fuel-efficient, high-performance, and low-emission buses due to strict government emission norms and regulations is boosting the market growth. However, high initial cost of battery buses compared to conventional buses might restrain the growth of the Vietnam electric bus market.

Vietnam electric bus market is segmented based on seating type, battery type, battery capacity, range, application, bus length, region, and company. Based on the bus length, the market is divided into less than 6-8 meters, 9–12 meters, and above 12 meters. The 9-12 meters segment is anticipated to dominate the Vietnam electric bus market due to the increasing adoption of large volumes of electric passenger buses in the public transport fleets to replace existing public fleets of the same length.
Leading players in the Vietnam electric bus market are VinFast, THACO, and others. Development of advanced technologies and the launch of new products are strategies adopted by market players in the Vietnam electric bus market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze and forecast the market size of Vietnam electric bus market.
• To classify and forecast Vietnam electric bus market based on seating capacity, battery type, battety capacity, range, application, bus length, company and regional distribution.
• To identify drivers and challenges for Vietnam electric bus market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam electric bus market.
• To conduct pricing analysis for Vietnam electric bus market.
• To identify and analyze the profile of leading players operating in Vietnam electric bus market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of electric bus manufacturers/suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the electric bus manufacturers/suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam electric bus market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
• Electric bus manufacturers and suppliers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to electric bus
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam electric bus market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Electric Bus Market, By Seating Capacity:
o Up to 30-Seater
o 31-40-Seater
o Above 40
• Vietnam Electric Bus Market, By Battery Type:
o Lead Acid
o Lithium Ion
• Vietnam Electric Bus Market, By Battery Capacity:
o Less than 100 kWh
o 100-200 kWh
o 201-300 kWh
o Above 300 kWh
• Vietnam Electric Bus Market, By Range:
o Less than 100 Miles
o 100-200 Miles
o Above 200 Miles
• Vietnam Electric Bus Market, By Application:
o Intercity
o Intracity
o Airport Bus
• Vietnam Electric Bus Market, By Bus Length:
o 6-8m
o 9-12m
o Above 12m
• Vietnam Electric Bus Market, By Region:
o South Vietnam
o North Vietnam
o Central Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam electric bus market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five)

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