In recent years, Vietnam’s motorcycle production and export have been steadily growing. The availability of inexpensive land, low labor costs, and the country’s rapid economic development have attracted significant new investment in motorcycle manufacturing. According to the analyst, Vietnam's motorcycle manufacturers include both domestic and foreign-invested enterprises, primarily assembling complete vehicles from imported components, with some local production as well. The motorcycle manufacturing industry in Vietnam is mainly concentrated in regions such as Hai Phong, which boast comprehensive industrial infrastructure and convenient transportation networks, attracting substantial motorcycle manufacturers to invest and build factories.
Based on the data, Vietnam's total motorcycle exports reached USD 1.052 billion in 2023, and from January to July 2024, the cumulative value of motorcycle exports from Vietnam have already approached USD 490 million. It is anticipated that Vietnam’s motorcycle export value will continue to grow in the coming years.
According to the analyst, countries in the Asia-Pacific, Southeast Asia, and parts of Europe are becoming major markets for Vietnam's motorcycle exports. Among them, Thailand is Vietnam's largest export destination, followed by Italy, Japan, South Korea, and Indonesia. In addition, countries such as Togo (the Togolese Republic), Turkey, and the Philippines are also emerging as important markets for Vietnam's motorcycle exports. From 2021 to 2024, the primary export destinations for Vietnamese motorcycles have been Thailand, Togo (the Togolese Republic), and Italy. Major companies importing motorcycles from Vietnam include PIAGGIO & C SPA, PT PIAGGIO INDONESIA, and YAMAHA MOTOR CO LTD. The main exporters of Vietnamese motorcycles are international brands with manufacturing plants in Vietnam, including HONDA VIETNAM CO, PIAGGIO VIETNAM CO LTD, and YAMAHA MOTOR VIETNAM CO LTD.
Overall, Vietnam's motorcycle production and export are showing positive growth trends. At the same time, the Vietnamese government is actively promoting the transformation, upgrading, and internationalization of the manufacturing sector, which will provide more opportunities and support for Vietnam's motorcycle exports.
The analyst forecasts that, with the continuous development of the global motorcycle market and the transformation and upgrading of Vietnam's manufacturing industry, Vietnam’s motorcycle production and export volumes are expected to maintain a steady growth trajectory.
Topics covered:
- The Import and Export of Motorcycles in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Motorcycles in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Motorcycles in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Motorcycles in Vietnam (January-July 2024)
- Total Export Value and Percentage Change of Motorcycles in Vietnam (January-July 2024)
- Average Export Price of Motorcycles in Vietnam (2021-2024)
- Top 10 Export Destinations for Vietnam Motorcycles and Their Import Volume
- Top 10 Suppliers in the Export Market of Motorcycles in Vietnam and Their Export Volume
- Top 10 Buyers in the Export Market of Motorcycles in Vietnam and Their Import Volume
- How to Find International Distributors and End Users of Motorcycles in Vietnam
- How Foreign Enterprises Enter the Motorcycles Export Market of Vietnam
- Forecast for the Export of Motorcycles in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Piaggio & C Spa
- Pt Piaggio Indonesia
- Yamaha Motor Co Ltd
- Honda Vietnam Co
- Piaggio Vietnam Co Ltd
- Yamaha Motor Vietnam Co Ltd.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.18 Billion |
| Forecasted Market Value ( USD | $ 2.09 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
