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New Cars in Vietnam

New Cars in Vietnam

Summary

New Cars in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the Vietnam new cars market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market shares consist of motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. Any currency conversions used in this report have been calculated at constant 2016 annual average exchange rates.
- The Vietnamese new cars market had total revenues of $7,029.1m in 2016, representing a compound annual growth rate (CAGR) of 37.2% between 2012 and 2016.
- Market consumption volume increased with a CAGR of 37.9% between 2012 and 2016, to reach a total of 159.5 thousand units in 2016.
- The large expansion of the market in recent years has been fuelled by the strong growth of the Vietnamese economy. The rising disposable incomes of Vietnamese consumers have boosted demand for new cars in a country where car ownership is extremely low. The development of the domestic automotive manufacturing industry has also increased supply in the market.

Scope

- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Vietnam
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam new cars market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Vietnam new cars market by value in 2016?
- What will be the size of the Vietnam new cars market in 2021?
- What factors are affecting the strength of competition in the Vietnam new cars market?
- How has the market performed over the last five years?
- Who are the top competitiors in Vietnam's new cars market?