The latest report by IMARC Group, titled “Vietnam Car Rental Market Report by Booking Type (Online, Offline), Rental Duration (Short-Term, Long-Term), Application Type (Tourism, Commuting), and Region 2024-2032 “, The study provides a detailed analysis of the industry, including Vietnam car rental market growth size, share, price, and forecasts. The Vietnam car rental market size reached US$ 610.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,834.2 Million by 2032, exhibiting a growth rate (CAGR) of 12.8% during 2024-2032.
The Vietnam car rental market is witnessing significant growth, primarily driven by the increasing number of tourists in the country. Moreover, the rising popularity of scenic landscapes, beaches, and vibrant cities of Vietnam is attracting leisure travelers who often prefer the convenience of rental cars for exploring. Additionally, the growing trend of eco-tourism in the country, along with the increasing availability of electric and hybrid rental vehicles, is further stimulating the growth of the market.
Vietnam Car Rental Market Trends and Drivers:
Apart from this, the growing emphasis on adopting green transportation options, like electric and hybrid buses, to create a more sustainable urban mobility landscape is further propelling the growth of the Vietnam bus market. Moreover, technological advancements, including integrated ticketing systems and real-time tracking of buses to enhance the passenger experience, are also stimulating the growth of the market. Additionally, the escalating demand for luxury and high-capacity buses, on account of the inflating disposable incomes and elevating levels of lifestyles of individuals living in Vietnam, is positively influencing the market growth. Besides this, the increasing need for school and corporate buses to safely transport individuals to and from institutes and offices is anticipated to propel the growth of the market in the coming years.
For an in-depth analysis, you can refer sample copy of the report:
Vietnam Car Rental Market 2024-2032 Analysis and Segmentation:
The report segmented the market based on based on booking type, rental duration, and application type.
Booking Type Insights:
Online
Offline
Rental Duration Insights:
Short-Term
Long-Term
Application Type Insights:
Tourism
Commuting
Regional Insights:
Northern Vietnam
Central Vietnam
Southern Vietnam
Ask the Analyst for your customized Sample.
Key highlights of the report:
Market Performance (2018-2023)
Market Outlook (2024- 2032)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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.
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