Enjoy complimentary customisation on priority with our Enterprise License!
The Vietnam truck market size is forecast to increase by USD 1.50 billion at a CAGR of 8.05% between 2023 and 2028. The Vietnamese truck market is experiencing significant growth due to the country's expanding economy and increasing demand for goods transportation and its management. IoT technology is playing a crucial role in this market, with trailer tracking and fleet management systems enhancing operational efficiency and reducing costs. The trend towards electrification is also gaining momentum, as fuel efficiency becomes a key consideration for fleet operators. Safety is a major concern, and advancements in safety technologies are driving market growth. However, high manufacturing costs and operational expenses remain challenges for market profitability. Alternative fuels, such as natural gas and biodiesel, are emerging as cost-effective solutions to mitigate fuel costs. Overall, the market is poised for growth, with a focus on fuel efficiency, safety, and cost reduction through technology adoption.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Category
7 Market Segmentation by Type
8 Market Segmentation by Product Type
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.