Vietnam Electric Two-Wheeler Market – Analysis and Forecast (2021-2027)

Industry Insights by Product (E-scooters, E-bikes, E-motorcycles, Others), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Battery Technology (Removable Battery, Non-removable Battery), by Voltage (24V, 36V, 48V, 60V, 72V)

Industry Overview

The Vietnam electric two-wheeler market is predicted to grow at 6.8% CAGR during the forecast period in terms of its revenue size. The Vietnam market is primarily driven by supportive government regulations and increasing awareness regarding the use of electric vehicles. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Vietnam. The market has witnessed significant demand for these products over the last few years with the increasing per capita income, developing transport infrastructure.

Market Segmentation

Insight by Product

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters hold the largest share in the Vietnam market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth of 19.1% in terms of fleet size during the forecast period.

Insight by Battery Type

On the basis of battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in the electric two-wheelers in Vietnam. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Vietnam electric two-wheelers market.

Insight by Battery Technology

On the basis of battery technology, the market is categorized into removable battery and non-removable battery. Of both the categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors.

Insight by Voltage

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Vietnam electric two-wheeler market, followed by 36V two-wheelers.

VIETNAM ELECTRIC TWO_WHEELERS MARKET HIGHLIGHT

Industry Dynamics

In spite of minimal government support for electric vehicles in Vietnam, consumer awareness has led to massive adoption of light electric vehicles in the country Although, government is showing intent for the adoption of green technology for transport, lack of clear definitions and find hard to implement hybrid vehicles policy in the country. However, Vietnam electric vehicles are immune from tariffs as the country is signatory to the free trade agreements such as such as the ASEAN Trade in Goods Agreement (ATIGA), the ASEAN-Republic of Korea FTA.

Competitive Insight

Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., Pega LttGlobal Electric Bike JSC are some of the key players operating in the Vietnam electric two-wheelers market.

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

1.1.  The Report Offers

1.2.  Market Coverage

1.2.1. By Product

1.2.2. By Battery Type

1.2.3. By Battery Technology

1.2.4. By Voltage

1.3.  Research Phases

1.4.  Limitations

1.5.  Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1.  By Product

3.1.1. E-Scooters

3.1.2. E-Bikes

3.1.3. E-Motorbikes

3.1.4. Others

3.2.  By Battery Type

3.2.1. Sealed Lead Acid

3.2.2. Li-ion

3.2.3. Ni-MH

3.3.  By Battery Technology

3.3.1. Non-removable/Plugin

3.3.2. Removable

3.4.  By Voltage

3.4.1. 24V

3.4.2. 36V

3.4.3. 48V

3.4.4. 60V

3.4.5. 72V

4. Industry Overview

4.1.  Industry Dynamics

4.1.1. Major Drivers

4.1.2. Major Restraints

4.1.3. Key Trends

4.1.4. Key Opportunities

4.2.  Industry Ecosystem

4.2.1. Value Chain Analysis

4.2.2. Regulatory Framework

4.3.  Competitive Insight

4.3.1. Competitive Analysis of Key Players

4.3.2. Market Attractive Analysis

5. Vietnam Market Estimate and Forecast

5.1.  By Product

5.2.  By Battery Type

5.3.  By Battery Technology

5.4.  By Voltage

6. Company Profiles

6.1.  Schneider Electric Vietnam

6.1.1. Snapshot

6.1.2. Overview

6.1.3. Offerings

6.1.4. Financial Insight

6.1.5. Recent Developments

6.2.  Tan Thanh Nhan Co., Ltd.

6.2.1. Snapshot

6.2.2. Overview

6.2.3. Offerings

6.2.4. Financial Insight

6.2.5. Recent Developments

6.3.  Pega Ltt Global Electric Bike JSC

6.3.1. Snapshot

6.3.2. Overview

6.3.3. Offerings

6.3.4. Financial Insight

6.3.5. Recent Developments

7. Appendix

7.1.  Exchange Rates

7.2.  Abbreviations

Note: Financial insights and recent developments are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 Vietnam Electric Two-Wheeler Market Size, By Product, ‘000 Units (2015 – 2020)

Table 5 Vietnam Electric Two-Wheeler Market Size, By Product, ‘000 Units (2021 – 2027)

Table 6 Vietnam Electric Two-Wheeler Market Size, By Product, USD Million (2015 – 2020)

Table 7 Vietnam Electric Two-Wheeler Market Size, By Product, USD Million (2021 – 2027)

Table 8 Vietnam Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2015 – 2020)

Table 9 Vietnam Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2021 – 2027)

Table 10 Vietnam Electric Two-Wheeler Market Size, By Battery Type, USD Million (2015 – 2020)

Table 11 Vietnam Electric Two-Wheeler Market Size, By Battery Type, USD Million (2021 – 2027)

Table 12 Vietnam Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2015 – 2020)

Table 13 Vietnam Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2021 – 2027)

Table 14 Vietnam Electric Two-Wheeler Market Size, By Technology, USD Million (2015 – 2020)

Table 15 Vietnam Electric Two-Wheeler Market Size, By Technology, USD Million (2021 – 2027)

Table 16 Vietnam Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2015 – 2020)

Table 17 Vietnam Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2021 – 2027)

Table 18 Vietnam Electric Two-Wheeler Market Size, By Voltage, USD Million (2015 – 2020)

Table 19 Vietnam Electric Two-Wheeler Market Size, By Voltage, USD Million (2021 – 2027)

Table 20 Snapshot – Schneider Electric Vietnam

Table 21 Snapshot – Tan Thanh Nhan Co., Ltd.

Table 22 Snapshot – Pega Ltt Global Electric Bike JSC

List of Figures

Figure 1 Market Coverage

Figure 2 Research Phases

Figure 3 Secondary Sources for Different Parameters

Figure 4 Methodology

Figure 5 Data Mining & Exploration

Figure 6 Data Triangulation

Figure 7 Assumptions for Market Estimation and Forecast

Figure 8 Vietnam Electric Two-Wheeler Market - Growth Drivers and Restraints

Figure 9 Value Chain Analysis

Figure 10 Competitive Benchmarking

Figure 11 Vietnam Electric Two-Wheeler Market Highlight

Figure 12 Vietnam Electric Two-Wheeler Market Size, By Product, ‘000 Units (2015 – 2027)

Figure 13 Vietnam Electric Two-Wheeler Market Size, By Product, USD Million (2015 – 2027)

Figure 14 Vietnam Electric Two-Wheeler Market Size, By Battery Type, ‘000 Units (2015 – 2027)

Figure 15 Vietnam Electric Two-Wheeler Market Size, By Battery Type, USD Million (2015 – 2027)

Figure 16 Vietnam Electric Two-Wheeler Market Size, By Technology, ‘000 Units (2015 – 2027)

Figure 17 Vietnam Electric Two-Wheeler Market Size, By Technology, USD Million (2015 – 2027)

Figure 18 Vietnam Electric Two-Wheeler Market Size, By Voltage, ‘000 Units (2015 – 2027)

Figure 19 Vietnam Electric Two-Wheeler Market Size, By Voltage, USD Million (2015 – 2027)