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Vietnam Tire Market Research Report: Forecast (2026-2032)

By Tire Type (Radial, Bias), By Vehicle Type (Two-Wheeler, Three-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (MHCV), Off-the-Road Vehi......cle (OTR)), By Demand Type (OEM, Replacement), By Sales Channel (Direct Sales, Dealer/Distributor, Online Platform), by Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), By Price Category (Economy, Mid-Range, Premium), and others Read more

Tire
Aug 2026
Pages 145
Report Format: PDF, Excel, PPT

Vietnam Tire Market Key Takeaways

The Vietnam tire market is projected to grow from USD 1.77 billion in 2025 to USD 1.83 billion in 2026 and USD 2.54 billion by 2032.
The industry is projected to witness steady growth at a 5.62% CAGR during 2026–2032.
Based on tire type, radial tires are expected to remain dominant, accounting for approximately 72% market share in 2026.
By demand type, replacement tires are anticipated to lead with approximately 68% market share in 2026.
The industry is moderately consolidated, estimated to account for approximately 42% of organized passenger-tire sales.

Vietnam Tire Market Size and Outlook

The tire market in Vietnam is projected to increase from USD 1.77 billion in 2025 to USD 1.83 billion in 2026 and USD 2.54 billion by 2032, advancing at a 5.62% CAGR during 2026–2032. The market is entering a broader product-application phase, with demand spanning passenger cars, motorcycles, commercial vehicles, agricultural equipment, and industrial machinery. Vietnam’s localized automotive-component ecosystem includes tires and inner tubes among 287 domestically produced components, supporting local product availability.

At the same time, the established motorcycle-manufacturing base and expanding automotive supply chain provide multiple recurring demand pools. These factors should sustain market expansion while encouraging suppliers to develop application-specific tire portfolios for Vietnam’s increasingly diverse vehicle and equipment base.

Vietnam Tire Market Key Indicators

Vietnam transported over 2.2 billion tonnes of freight by road in 2025, increasing 7% year-on-year, according to the Ministry of Construction. Rapid growth in road freight increases truck mileage and operating intensity, directly supporting demand for commercial-vehicle tires and replacement tires.
Vietnam’s total freight transportation reached 03 billion tonnes in 2025, increasing 14.1%, while freight turnover rose 13.1% to 612.3 billion tonne-kilometers. Higher freight volumes and vehicle-kilometers indicate stronger fleet utilization, accelerating tire wear and creating recurring replacement demand across trucks and other commercial vehicles.
Vietnam’s automobile output increased 39.1% in 2025, according to the Ministry of Industry and Trade. Stronger vehicle production increases OEM tire procurement while expanding the installed vehicle base, which subsequently generates additional replacement demand throughout vehicle lifecycles.
Passenger transportation reached 18 billion passenger trips in 2025, increasing 22.2%, while passenger traffic rose 13.6% to 312 billion passenger-kilometers. Increasing passenger mobility raises operating intensity across cars, buses, taxis, and motorcycles, supporting recurring demand for passenger and commercial replacement tires.
Vietnam’s manufacturing of rubber and plastic products increased 16.1% in the first half of 2025, according to the Ministry of Industry and Trade. Stronger rubber-product manufacturing indicates expanding downstream processing capabilities and supports the domestic industrial ecosystem supplying tire manufacturing and related rubber-based components.
Vietnam exceeded 3,000 km of expressways by the end of 2025 and is targeting 5,000 km by 2030. Expanding high-speed road infrastructure increases interprovincial mobility and freight connectivity, raising vehicle mileage and consequently accelerating tire consumption and replacement cycles.

Vietnam’s Tire Exports Reach USD 2.9 Billion as Trade Surplus Hits USD 2.4 Billion

Vietnam’s tire trade data indicates a strong export-oriented manufacturing base, while imports remain important for selected cost-competitive and specialized products. Tire imports declined from USD 536 million in 2022 to USD 474 million in 2024, while import volume decreased from 107 thousand tons to 92 thousand tons, indicating improving domestic supply relative to import dependence. Thailand and China remained the principal suppliers in 2024, contributing USD 202 million and USD 164 million, respectively, or approximately 77% of total import value. Their combined volume reached 72 thousand tons, accounting for nearly 78% of imports, reflecting the importance of competitively priced regional supply for replacement and commercial-vehicle applications.

In contrast, Vietnam’s tire exports increased from USD 2.2 billion in 2022 to USD 2.9 billion in 2024, while export volume rose from 500 thousand tons to 539 thousand tons. This generated an estimated USD 2.4 billion trade surplus and a 447-thousand-ton volume surplus in 2024, reinforcing Vietnam’s position as a major tire manufacturing and export hub. The United States absorbed USD 1.3 billion, approximately 45% of export value, creating substantial demand for Vietnam-produced tires. Brazil, Russia, Canada, and Mexico provided additional diversification.

The export momentum is supported by domestic automotive demand. Vietnam’s estimated domestic car production reached 388,500 units in 2024, up 27% year-on-year. Additionally, Vietnam’s 2024 tire sales increased 3.8% in the car segment, while motorcycle tire sales rose 15.3%, supporting both OEM and replacement demand.

Vietnam Tire Market Scope

Category	Segments
By Tire Type	Radial, Bias
By Vehicle Type	Two-Wheeler, Three-Wheeler, Passenger Car, Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (MHCV), Off-the-Road Vehicle (OTR)
By Demand Type	OEM, Replacement
By Sales Channel	Direct Sales, Dealer/Distributor, Online Platform), by Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5
By Price Category	Economy, Mid-Range, Premium

Vietnam Tire Market Growth Drivers

Rapid Expressway Expansion Increasing Tire Utilization and Commercial-Mobility Demand

Vietnam’s accelerated road-infrastructure expansion is creating a direct structural tailwind for tire consumption by increasing vehicle connectivity, travel intensity, and freight movement across provinces. By the end of 2025, the country had 3,345 km of main expressways in operation or technically opened, together with 458 km of interchanges and connecting roads, exceeding the national 3,000-km target. The Ministry of Construction reported that nearly 400 km of additional expressways entered operation during H1 2026, further improving connectivity between industrial centers, logistics corridors, and major urban markets.

This infrastructure expansion has a direct implication for tire demand because longer, faster road journeys increase vehicle utilization and accelerate tire wear, particularly among trucks, buses, passenger cars, and logistics fleets. The government is targeting 5,000 km of expressways by 2030, indicating that the current infrastructure build-out is not a one-time development but a continuing demand catalyst. Moreover, improved road connectivity is expected to support greater movement of manufactured goods and agricultural products between production regions and consumption centers, increasing mileage accumulated by commercial fleets and consequently strengthening recurring tire replacement requirements.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Vietnam Tire Market Production (Thousand Units) Trend 2022-2032
1. Company-Wise Production Plants and Statistics
  1. List of all the Manufacturing Plants
    1. Installed Capacity in (Units or Tons)
    2. Actual Production Capacity
    3. Type of Tires Produced
    4. New Plants & Plant Closure Details
    5. Others
  2. . Planned Production Target
Vietnam Tire Market Pricing Analysis 2022-2032
1. Vietnam Tire Market Pricing Trend (USD/Units) 2022-2032
  1. By Type of Tires (USD/Units)
    1. Three-Wheeler
    2. Two-Wheelers
    3. Passenger Car
    4. Light Commercial Vehicle (LCV)
    5. Medium & Heavy Commercial Vehicle (MHCV)
    6. Off-the-Road Vehicle (OTR)
  2. Competitor-Wise Price Benchmarking
  3. Historical Price YoY Increase by Brands
Vietnam Tire Market Supply Chain Analysis
Vietnam Tire Market Import & Export Data Analysis
Vietnam Tire Market Policies, Regulations, and Product Standards
Vietnam Tire Market Trends & Developments
Vietnam Tire Market Dynamics
1. Growth Factors
2. Challenges
Vietnam Tire Market Hotspot & Opportunities
Vietnam Tire Market Outlook, 2022-2032
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Segmentation & Outlook
  1. By Tire Type - Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. Radial
    2. Bias
  2. By Vehicle Type- Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. Two-Wheeler
    2. Three-Wheeler
    3. Passenger Car
    4. Light Commercial Vehicle (LCV)
    5. Medium & Heavy Commercial Vehicle (MHCV)
    6. Off-the-Road Vehicle (OTR)
  3. By Demand Type- Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. OEM
    2. Replacement
  4. By Sales Channel- Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. Direct Sales
    2. Dealer/Distributor
    3. Online Platform
  5. by Tire Size- Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. Tire Size 1
    2. Tire Size 2
    3. Tire Size 3
    4. Tire Size 4
    5. Tire Size 5
  6. By Price Category- Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. Economy
    2. Mid-Range
    3. Premium
  7. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Units
    1. Northern Vietnam
    2. Central Vietnam
    3. Southern Vietnam
  8. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
Vietnam Radial Tire Market Outlook, 2022-2032
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Segmentation & Outlook
  1. By Vehicle Type- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  2. By Demand Type- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  3. By Sales Channel- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  4. by Tire Size- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  5. By Price Category- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  6. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Units
Vietnam Bias Tire Market Outlook, 2022-2032
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Segmentation & Outlook
  1. By Vehicle Type- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  2. By Demand Type- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  3. By Sales Channel- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  4. by Tire Size- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  5. By Price Category- Market Size & Forecast 2022-2032, USD Million & Thousand Units
  6. By Region- Market Size & Forecast 2022-2032, USD Million & Thousand Units
Vietnam Tire Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Bridgestone Corporation
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Michelin SCA
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  3. The Yokohama Rubber Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Kumho Tire Co., Inc.
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Sailun Group Co., Ltd.
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  6. The Southern Rubber Industry JSC (Casumina)
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Da Nang Rubber Joint Stock Company (DRC)
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Pirelli & C. S.p.A.
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  9. The Goodyear Tire & Rubber Company
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Continental AG
    1. Business Description
    2. Product Portfolio
    3. Collaborations & Alliances
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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