Vietnam road freight transport market is projected to exhibit a growth rate (CAGR) of 6.12% during 2024-2032. Increasing trade volumes, economic development, urbanization, the burgeoning manufacturing sector, the rise of e-commerce and the digital economy, and the need for efficient goods distribution represent some of the key factors driving the market.
|Market Growth Rate (2024-2032)
Road freight transport, often referred to as trucking or haulage, is a vital component of the logistics and transportation industry. It involves the movement of goods, materials, and cargo over land using trucks, lorries, and other road vehicles. Road freight transport plays an essential role in facilitating the movement of goods from manufacturing facilities to distribution centers, retail outlets, and ultimately, to the end consumers. It encompasses a wide range of cargo, which includes raw materials to finished products, and can be tailored to suit various industries' specific needs, including manufacturing, retail, agriculture, and more. Road freight transport offers flexibility and reliability, making it a preferred choice for organizations seeking efficient and timely delivery solutions. Besides this, it is often the first and last mile in the supply chain, connecting with other modes of transportation, such as railways, ports, and airports, to ensure seamless cargo movement.
Vietnam Road Freight Transport Market Trends:
As Vietnam continues to establish itself as a manufacturing hub for various industries, including electronics, textiles, and automotive, the need for efficient road freight transport services to move raw materials and finished goods has surged, primarily driving the market growth. In line with this, the rise of e-commerce and the digital economy has heightened the demand for road freight transport as companies strive to meet the expectations of fast and reliable delivery to consumers across the country, aiding in market expansion. Furthermore, Vietnam's robust export-oriented industries, particularly in agriculture, are heavily reliant on road freight transport to connect production areas with ports and airports for international shipments, which is contributing to the market growth. At the same time, the government's investments in infrastructure development and the expansion of road networks are also bolstering the growth of the road freight transport sector, ensuring smoother and more efficient transportation routes. Additionally, the industry is benefiting from technological advancements, including global positioning system (GPS) tracking and digital freight platforms, enhancing operational efficiency and providing real-time visibility into cargo movements. Concurrent with this, companies are relying on efficient road transport to deliver goods precisely when they are needed, which has impelled the demand for road freight services to lessen storage costs and improve operational efficiency. Furthermore, Vietnam's robust agricultural sector, changing consumer behavior, and increasing population relocating to urban areas have fueled demand for consumer goods and subsequently the need for efficient transportation services to deliver these products to urban centers.
Vietnam Road Freight Transport 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 temperature control, product type, distance, containerization, destination, and end user.
Temperature Control Insights:
The report has provided a detailed breakup and analysis of the market based on the temperature control. This includes controlled and non-controlled.
Product Type Insights:
A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes liquid goods and solid goods.
The report has provided a detailed breakup and analysis of the market based on the distance. This includes long haul and short haul.
A detailed breakup and analysis of the market based on the containerization have also been provided in the report. This includes containerized and non-containerized.
A detailed breakup and analysis of the market based on the destination have also been provided in the report. This includes domestic and international.
End User Insights:
- Agriculture, Fishing and Forestry
- Oil and Gas, Mining and Quarrying
- Wholesale and Retail Trade
The report has provided a detailed breakup and analysis of the market based on the end user. This includes agriculture, fishing and forestry, construction, manufacturing, oil and gas, mining and quarrying, wholesale and retail trade, and others.
- 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.
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 Road Freight Transport Market Report Coverage:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Temperature Control
- Product Type
- End User
|Temperature Controls Covered
|Product Types Covered
||Liquid Goods, Solid Goods
||Long Haul, Short Haul
|End Users Covered
||Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others
||Northern Vietnam, Central Vietnam, Southern Vietnam
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2999
Five User License: US$ 3999
Corporate License: US$ 5499
|Post-Sale Analyst Support
||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 road freight transport market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Vietnam road freight transport market?
- What is the breakup of the Vietnam road freight transport market on the basis of temperature control?
- What is the breakup of the Vietnam road freight transport market on the basis of product type?
- What is the breakup of the Vietnam road freight transport market on the basis of distance?
- What is the breakup of the Vietnam road freight transport market on the basis of containerization?
- What is the breakup of the Vietnam road freight transport market on the basis of destination?
- What is the breakup of the Vietnam road freight transport market on the basis of end user?
- What are the various stages in the value chain of the Vietnam road freight transport market?
- What are the key driving factors and challenges in the Vietnam road freight transport?
- What is the structure of the Vietnam road freight transport market and who are the key players?
- What is the degree of competition in the Vietnam road freight transport 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 road freight transport market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam road freight transport 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 road freight transport 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.