Market Overview:
Vietnam e-bike market size is projected to exhibit a growth rate (CAGR) of 7.50% during 2024-2032. The increasing environmental consciousness, coupled with governmental initiatives, continual technological improvements in battery and motor efficiency, the rise in tourism, and the increasing health awareness among consumers represent some of the key factors driving the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023 |
Forecast Years
|
2024-2032 |
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
7.50% |
An E-bike refers to a bicycle that is equipped with an electric motor that provides assistance to the rider. This added power enables cyclists to travel further and with less effort compared to a traditional bicycle, making cycling more accessible and appealing to a wider range of individuals. E-bikes are powered by rechargeable batteries and come in various designs, catering to different types of riders, from urban commuters to off-road enthusiasts. The electric assistance can be activated through pedaling, where the motor supplements the rider's pedal power, or via a throttle, where the motor can propel the bike independently of pedaling. This versatility allows riders to tackle challenging terrains and inclines or simply enjoy a sweat-free commute to work. The motor's assistance is typically limited to a certain speed, in accordance with local laws, to ensure safety and classify the E-bike similarly to a conventional bicycle in terms of road rules.
Vietnam E-bike Market Trends:
The increasing environmental consciousness, coupled with governmental initiatives aimed at reducing traffic congestion and carbon emissions, is driving the market in Vietnam. The Vietnamese government has implemented policies incentivizing the adoption of electric vehicles (EVs), including e-bikes, to tackle the pollution generated by the increasing number of traditional motorbikes and scooters that have long dominated its city streets. Moreover, rapid urbanization in Vietnam is further catalyzing the market. As cities expand and the middle class grows, there is a greater demand for affordable and efficient transportation. E-bikes present a cost-effective solution that circumvents the issues of fuel costs and maintenance that are associated with traditional motorbikes. Additionally, for dense urban environments of cities, e-bikes are an attractive option for navigating congested roads. Apart from this, continual technological improvements in battery and motor efficiency have made e-bikes more appealing by increasing their range and power, making them more suitable for the varied geography of Vietnam, from bustling city streets to hilly rural areas. The evolution of lithium-ion batteries, offering longer lifespans and shorter charging times, has significantly enhanced the practicality of e-bikes. Also, the rise in tourism has influenced market growth as well. With Vietnam becoming an increasingly popular destination, e-bikes have emerged as a tourist-friendly way to explore, leading to a rise in e-bike rentals and associated businesses. This trend has had a knock-on effect on the visibility and popularity of e-bikes among locals. Furthermore, the Vietnamese e-bike market has benefited from foreign investment and partnerships. Leading key players are heavily investing in advancements in e-bike technology and heightened competition, leading to better quality products and more options for consumers. Besides, the increasing health awareness among Vietnamese consumers is further creating a positive market outlook as e-bikes are perceived as a healthier alternative to motorbikes, providing the option for physical exercise appealing to a growing health-conscious demographic.
Vietnam E-bike Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on mode, motor type, battery type, class, design, and application.
Mode Insights:
The report has provided a detailed breakup and analysis of the market based on the mode. This includes throttle and pedal assist.
Motor Type Insights:
- Hub Motor
- Mid Drive
- Others
A detailed breakup and analysis of the market based on the motor type have also been provided in the report. This includes hub motor, mid drive, and others.
Battery Type Insights:
- Lead Acid
- Lithium Ion
- Nickel-Metal Hydride (NiMH)
- Others
The report has provided a detailed breakup and analysis of the market based on the battery type. This includes lead acid, lithium ion, nickel-metal hydride (NiMH), and others.
Class Insights:
- Class I
- Class II
- Class III
A detailed breakup and analysis of the market based on the class have also been provided in the report. This includes class I, class II, and class III.
Design Insights:
The report has provided a detailed breakup and analysis of the market based on the design. This includes foldable and non-foldable.
Application Insights:
- Mountain/Trekking Bikes
- City/Urban
- Cargo
- Others
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes mountain/trekking bikes, city/urban, cargo, and others.
Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Vietnam E-bike Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Mode
- Motor Type
- Battery Type
- Class
- Design
- Application
- Region
|
Modes Covered |
Throttle, Pedal Assist |
Motor Types Covered |
Hub Motor, Mid Drive, Others |
Battery Types Covered |
Lead Acid, Lithium Ion, Nickel-Metal Hydride (NiMH), Others |
Classes Covered |
Class I, Class II, Class III |
Designs Covered |
Foldable, Non-Foldable |
Applications Covered |
Mountain/Trekking Bikes, City/Urban, Cargo, Others |
Regions Covered |
Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Vietnam E-bike market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Vietnam E-bike market?
- What is the breakup of the Vietnam E-bike market on the basis of mode?
- What is the breakup of the Vietnam E-bike market on the basis of motor type?
- What is the breakup of the Vietnam E-bike market on the basis of battery type?
- What is the breakup of the Vietnam E-bike market on the basis of class?
- What is the breakup of the Vietnam E-bike market on the basis of design?
- What is the breakup of the Vietnam E-bike market on the basis of application?
- What are the various stages in the value chain of the Vietnam E-bike market?
- What are the key driving factors and challenges in the Vietnam E-bike?
- What is the structure of the Vietnam E-bike market and who are the key players?
- What is the degree of competition in the Vietnam E-bike market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam E-bike market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam E-bike market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam E-bike industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.