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| Title | Vietnam Ride Hailing Market Size, Share, Industry Trends, Growth and Report 2025-2033 |
|---|---|
| Category | Business --> Transportation and Logistics |
| Meta Keywords | vietnam ride hailing market |
| Owner | Imarc |
| Description | |
| Vietnam Ride Hailing Market Overview Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 800 Million Market Forecast in 2033: USD 4,300 Million Market Growth Rate (2025-33): 17.6% Vietnam ride hailing market size reached USD 800 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,300 Million by 2033, exhibiting a growth rate (CAGR) of 17.6% during 2025-2033. The market is growing steadily, pushed by urbanization, delivery app growth, and rising urban populations. Strong demand for on-demand delivery and taxi services has led providers to expand into food, grocery, and package delivery. The boom in online shopping, mobile apps, and ridesharing platforms adds flexible, affordable travel choices. Supportive government measures for digital transportation to ease congestion and boost mobility. Motorcycles dominate for their low cost in cities, with cars, vans, and buses covering longer or shared routes. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vietnam-ride-hailing-market/requestsample Vietnam Ride Hailing Market Trends and Drivers: Vietnam's ride-hailing industry is gradually making the transition from the convenience-oriented to the sustainability-oriented era amid rising fuel prices, increasing public environmental awareness, and government policies to reduce traffic emission levels in urban areas. However, the environmental sustainability market is still underdeveloped and faces many challenges and barriers to expansion. In fact, they are not just trialing EVs, but also scaling deployments of electric two-wheelers and forming calculated partnerships with domestic electric vehicle (EV) manufacturers. These are both integral to their growth strategy, and also address two pain points directly and at the same time: driver profitability and urban air quality. Drivers of EVs receive a higher income per kilometer driven due to the lower total cost of ownership compared to ICEVs. Passengers may prefer the driving experience of EVs because they are generally quieter and more luxurious than ICEVs, or because they prefer the environmental image of EV companies to ICEV companies. The infrastructure to support this shift, as well as battery-swapping stations and fast-charging networks will be built quickly by these companies themselves which shows the commitment of these companies not only to own an electric vehicle fleet, but also to build an electric ecosystem that meets the government's national strategy on green transport and smart city development in Vietnam.
The race is no longer just about finding out who's willing to give you the cheapest ride, it's about who is going to become the most essential part of your daily life. The biggest trend is in platform providers creating integrated, multi-service digital ecosystems, sometimes referred to as "super-apps". The companies' dominant user base and trusted payment system have allowed them to diversify well beyond rides. In a single app these companies offer on-demand services that include fast food delivery, express parcel delivery, and digital finance, along with payments, insurance, hotels, and travel. By this means of diversification a virtuous cycle of engagement is created via the added convenience and utility of an app with multiple services, leading to many transactions and distinct, actionable data. The collected data enables hyper-personalized products and additional resource optimization across all verticals. Its revenue model has also evolved from being heavily dependent on transportation commissions to include a diversified revenue stream from advertisements, financial products and services, as well as fees from merchants thus decreasing its dependence on commissions. This ecosystem approach therefore also results in a lock-in effect for users, which in combination with high entry barriers helps to secure incumbents.
The very nature of the market, through sharp consolidation, means that anyone other than the incumbent platform players who wants to succeed needs scale. This results in an oligopoly of two or three players, with each constantly innovating and expanding horizontally and vertically to capture a larger share of the user's wallet. A more recent by-product of this consolidation of Vietnamese giants, however, is that the Vietnamese tech players are now pursuing an outward expansion strategy to other regional markets. Having developed their business models, technology stacks and operational capabilities in the dynamic, high-growth environment of Vietnam, they are now looking to export their super-app playbook to surrounding Southeast Asian markets. They target markets with similar demographics and economic characteristics, and they leverage their experience at operating in dense urban settings and managing two-wheeler based logistics. This offers an important new growth opportunity, further widening their potential competition. What it talks about is planned maturity: These companies are no longer just defending their home turfs; they have their eyes set on becoming regional tech champions, with their integrated service model as a replacement to the unsettled transport and delivery ecosystems around the rest of the globe. Vietnam Ride Hailing Market Industry Segmentation: Vehicle Type Insights:
Regional Insights:
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players. Request Customization: https://www.imarcgroup.com/request?type=report&id=13276&flag=E Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-201971-6302 | |