Vietnam Truck & Bus Tire Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

 

MarkNtel Advisors recently published a detailed industry analysis of the Vietnam Truck & Bus Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Vietnam Truck & Bus Tire Market (2024-2030)

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. 

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What is driving the Vietnam Truck & Bus Tire Market?

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.

What segments define the Vietnam Truck & Bus Tire Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Vehicle Type

(Truck, Bus),

By Demand Type

(OEM, Aftermarket),

By Tire Type

(Radial, Bias),

By Tire Size

(Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5, )

By Price Category

(Budget (Upto USD 180), Economy (USD181 to 300), Premium (Above 300)),

By Sales Channel

(Direct Sales, Exclusive Outlets, Multi Brand Stores, Online)

By Regions

Central, East, West, South

Explore the Complete Vietnam Truck & Bus Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/vietnam-truck-bus-tire-market.html

Who are the leading key players shaping the Vietnam Truck & Bus Tire Market landscape?

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

Questions Addressed in this Study

1.What factors are driving the Vietnam Truck & Bus Tire Market growth?

2.How is the Vietnam Truck & Bus Tire Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Vietnam Truck & Bus Tire Market?

4.What is the current size of the Vietnam Truck & Bus Tire Market, and how is it projected to change in the future?

6.What is the future outlook for the Vietnam Truck & Bus Tire Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

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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