The report titled “Vietnam Road Freight Market Outlook to 2025-Led by High Demand for Trade of Products along with Increasing Freight Throughput with New Technological Trends” provides a comprehensive analysis of the Ambient Container Truck Market of Vietnam. The report also covers overview and genesis of the industry, overall market size in terms of revenue and freight volumes, market segmentation by transport sector, ownership of enterprises, means of transportation; snapshot on Road Freight Market, trends and developments, regulatory landscape, customer level profiling, issues and challenges and comparative landscape including competition scenario, cross comparison, opportunities and bottlenecks and end user company profiling of major fmcg players in Vietnam. The report concludes with future market projections of the road freight market on the basis of revenue and freight volume, cause and effect relationship, impact of Covid-19 on the industry and future innovations.
Vietnam Logistics Market Overview and Size
Vietnam Logistics market has grown at a very high growth rate over the review period 2015-2019 and was further supported by increase in shift in manufacturing industries towards Vietnam, advancement of technology in the market, introduction of new players in the market. The entry of FDI in the market also contributed towards these high growth numbers.
Vietnam Logistics Market Segmentation
By Volume of Freight: The logistics market is segmented on the basis of volume of freight in Vietnam. The market is segmented into Volume of Freight Traffic and Volume of Freight Carried.
By Type of Transportation: Market size on the basis of Transportation including Railways, Aviation, Maritime, Road and Inland waterways in Vietnam.
By Type of Enterprise Ownership: Market Size on the basis of ownership of Enterprises in Logistics Industry – State Owned, Non-State Owned and FDI.
By Transport Sector: Market Size on the basis of domestic and overseas transportation.
Detailed Analysis on Road Freight Market
More than 70% of the freight was carried by road in 2019 in Vietnam, making The road freight market one of the most preffered means of transportation over the recent years. Approximately 60% of the total logistics cost is spent on Transportation in Vietnam. The trnapsortatiib of industrial products contributed the highest share of revenue in the road freight industry in 2019. The Red River Delta Region in Vietnam contributes the highest share in the volume of freight carried by road in the country owing to the presense of major manufacturing industries these provinces. Rural connectivitiy and road infrastructure has been a challenge for the road freight industry for which the government of Vietnam has planned to invest more than $10Bn in coming years.
Competitive Landscape in Road Freight Market
Competition was observed to be highly fragmented with only few players dominating with fleet size of more than 500. However, within high fleet size category, the competition has become concentrated with domestic players such as SNP – Siagon New Port, MP logistics, Viettel Logistics and others. Nevertheless, the medium fleet sized players have a larger presence in the market in terms of revenue, freight volume and other parameters.
Vietnam Road Freight Market Future Outlook and Projections
Factors such as vehicle efficiency, shifting from traditional to alternative fuels, technological implementations, strategic collaborations will drive the Vietnamese Road Freight market in the near future both in terms of revenue and freight volume. Apart from domestic players numerous other international players might enter the market and contribute towards the growth in future in Vietnam.
Key Segments Covered:-
By Freight Volume
By Transport Sector
By Enterprise Ownership
Road Freight Market
By Freight Volume
Key Target Audience:-
Food Processing Industry
Food Packaging industry
Consumer Electronics Industry
Time Period Captured in the Report:-
Historical Period: 2015-2019P
Forecast Period: 2020F–2025F
Road Freight Industry
SNP – Saigon New Port
Indo Trans Limited
Minh Chau JSC
Procter & Gambler
Key Topics Covered in the Report:-
Vietnam Logistics Market Introduction
Vietnam Logistics Market Size, 2015-2019P
Vietnam Logistics Market Segmentation, 2015-2019P (Revenue, Freight Volume, Transport Sector, Transportation, Enterprise Ownership)
Detailed Analysis on Road Freight Market ( Revenue, Freight Volumes, Fleet Characteristics, End User Analysis, Supply EcoSystem, Cost Component, Demand Analysis)
Major Challenges in Vietnam Road Freight Market
Regulatory Landscape in Vietnam Logistics Market
Target End Users(Analysis on Top 15 FMCG companies)
Comparative Landscape in Vietnam Road Freight Market
Vietnam Road Freight Market Future Outlook and Projections, 2020F-2025F (Revenue, Freight Volumes, Future Innovations)
Impact of Covid-19 on Road Freight Industry
For More Information on the research report, refer to below link:
Turkey Logistics and Warehousing Market Outlook to 2025 – By Domestic and International Freight Forwarding Throughput, Revenue & Flow Corridor (Road Freight and Pipelines, Sea, Air and Rail Freight), By Warehousing (Industrial / Retail, Container Freight / Inland Container Depot & Cold Storage), By 3PL, Courier Express & Parcel, Domestic and Cross Border E-commerce Logistics
Ankur Gupta, Head Marketing & Communications