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The Vietnam motorcycle rental market was valued at USD 1.28 Million in 2024 and is forecasted to grow to USD 2.99 Million by 2033, with a CAGR of 8.88% during the 2025-2033 period. Growth is driven by Vietnam's rapid rise as a top global tourism destination, increasing electric motorcycle adoption, bike-sharing platforms, and advancing digital integrations. Sustainable transportation and expanded charging infrastructures further bolster market expansion.

Study Assumption Years

• Base Year: 2024

• Historical Year/Period: 2019-2024

• Forecast Year/Period: 2025-2033

Vietnam Motorcycle Rental Market Key Takeaways

• Current Market Size: USD 1.28 Million in 2024

• CAGR: 8.88% for 2025-2033

• Forecast Period: 2025-2033

• Vietnam's tourism revival, marked by 13.9 million overseas visitors in the first eight months of 2025, boosts demand for motorcycle rentals.

• Eased visa policies and increased flights to destinations like Khanh Hoa and Da Nang stimulate international tourist arrivals.

• App-based bookings, GPS navigation, and short-term rental packages improve convenience and customer experience.

• Government target for 25% electric two-wheelers by 2030 aligns with market transformation toward green mobility.

• Private sector investments in battery swap stations enable expanded electric motorcycle usage in peri-urban areas.

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Market Growth Factors

Vietnam's status as the fastest growing tourism destination in the world has resulted in positive growth in the motorcycle rental market. According to the Vietnamese National Administration of Tourism, Vietnam received 13.9 million international tourists in the first eight months of 2025, up 21.7% over the same period of 2024. Government measures relax visa rules. Promotional campaigns exist. Air traffic increases to tourist hubs such as Khanh Hoa and Da Nang. Tourism-related businesses can expand more easily because of these things. Motorcycle rental businesses in particular have diversified through introducing app-based services and GPS-enabled rentals.

Electric motorcycle uptake is tied to sustainable transport policies and the government's net zero commitment by 2050, with 25% of two-wheelers to be electric by 2030 in Vietnam. In Ho Chi Minh City, a 400,000-strong fleet of delivery motorbikes is driven by regulatory intervention, encouraging private sector delivery and infrastructure development in battery swap stations with inter-operable standards to minimize down-time, reduce costs and extend the life of the rental bike fleet.

Improvements in technology and urbanization have allowed motorcycle rental companies to expand their operations to include features like app-based rental services, GPS tracking, and short-term rental agreements, driven in part by the increasing penetration of smartphones caused by urbanization. However, new trends such as sustainable transport and electric vehicle charging networks combined with the technical developments enable rental companies to meet tourists' demand for local experience and local commuters' needs for sustainable transport, creating a sustainable growth environment for the market, supported by both public and private innovators.

Market Segmentation

Product Insights:

• Computer Motorcycles: This segment covers widely used motorcycles equipped with digital or computerized features, reflecting technological upgrades in the rental fleet.

• Luxury Motorcycles: Represents high-end motorcycle rentals catering to premium consumers, offering advanced features and enhanced riding experiences.

Type Insights:

• Off Road: Motorcycles designed and rented for rough terrains and adventurous rides, targeting niche customers seeking rural or rugged usage.

• On Road: Standard motorcycles primarily rented for urban and city commuting.

End Use Insights:

• Tourism: Rentals aimed at travelers and tourists seeking flexible mobility options to explore urban and scenic areas.

• Commute: Focuses on daily riders using motorcycles for routine travel and local transit.

Regional Insights

The Vietnam motorcycle rental market encompasses three key regions: Northern Vietnam, Central Vietnam, and Southern Vietnam. These regions collectively contribute to market growth, driven by regional tourism activity, urban density, and infrastructure development. Northern and Central Vietnam benefit from tourist arrivals in heritage and coastal destinations, while Southern Vietnam, including major hubs like Ho Chi Minh City, leads in adoption of electric motorcycle programs. This regional diversity underpins balanced market expansion across Vietnam.

Recent Developments & News

In October 2024, Xanh SM launched the Xanh SM Bike Platform, a green ride-hailing service exclusively for VinFast electric motorcycles. The initiative offers driver partners up to 80% revenue share during the first two years. It allows VinFast electric motorcycle owners to become service business partners, supported by training programs to maintain high service standards, showcasing public-private efforts to advance electric mobility in Vietnam.

Key Players

• Xanh SM

• VinFast

Customization Note

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