Vietnam: motorcycle market revenue 2013-2026

In 2020, the revenue of the motorcycle industry in Vietnam lay at around 4.4 billion U.S. dollars. This was a decrease in revenue of more than 800 million when compared to 2019. The Statista Mobility Market Outlook estimates that revenue in the country will further decrease in 2021 before picking up again and increasing to around 5.74 billion U.S dollars in 2026.

Revenue of the motorcycle segment in Vietnam from 2013 to 2026 (in billion U.S. dollars)

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Supplementary notes

Data provided by Statista Market Outlooks are estimates

The Motorcycles Market provides information about motorcycles and their respective makes. It excludes passenger cars, commercial cars, buses, trucks and large vans as well as utility light utility vehicles. We currently provide information on a make level, but in the future, we would expand our market segmentation to include a segmentation by usage or motorcycle capacity.

Background: The motorcycle industry’s sales are closely connected to economic stability, and dramatic fluctuations, like the financial crisis of the late 2000s, force manufactures to reexamine their strategies and adapt to new market trends. One additional factor that is currently driving changes in the industry is environmental concerns, and this is influencing an increase in the production and use of electric motorcycles.

All figures are estimate. A detailed methodology can be found in the Statista Market Outlook.

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