Vietnam Ride-Hailing Market is Giving Tough Competition to Taxi Players: Makreo Research


Posted November 19, 2022 by MK2022

The Vietnam car rental market has shown strong growth momentum in the past and is expected to grow at a CAGR of 7.34% during 2022–2027. The market recorded revenues of USD 1 billion in 2021.

 
Vietnam rental car market is very complicated and competitive sector. With the outbreak of virus, many small car rental companies are finding it difficult to survive in the market therefore they are merging with big firms. On the other hand, big firms are joining hands with the small companies to expand their growth and to outperform in competitive landscape.

With the proliferation of smartphone users and the growing youth population, ride hailing is becoming a preferred mode of transportation. Tourism has always been key contributor to the country’s economy thus equally significant contributor in the car rental market. Taxi service providers are having tough time with the entry of ride hailing companies however COVID-19 has given a strong push to the taxi services once again.

With rising fuel prices and so as fare of ride hailing companies taxi companies are gaining user base.
Technology is the key of advancement and to sustain in the present scenario it is indeed a priority to stay updated thus Vinasun and Mai Linh are giving tough competition to Grab in Vietnam.

Vietnam Car Rental Market–Ride Hailing and Taxi Services Outlook (2018-2027) is the latest edition published by Makreo research. The report contains a detailed analysis of the Vietnam car rental market, as well as additional discussion of the ride hailing industry and traditional taxi market. The report also examines market performance in Vietnam's major cities. A comprehensive assessment has been carried out that helps the reader to review past, present and future outlook of the industry.

Key topics discussed in the report:
Vietnam Car Rental Market
 By Type of Service Providers
- Traditional Taxi Services
- Ride Hailing Services
 By Type of Services
- Self-Driven
- Chauffeur Driven
 By Cities

Major Companies Discussed in Vietnam Car Rental Market Report
Vietnam Sun Corporation (Vinasun)
Mai Ling Group
Vina (Vietnam) Rent A Car
Avis Vietnam
Budget Vietnam
Grab Vietnam
Aber
Go-Jek
FastGo
VATO
Mass Vehicle Ledger chain (MVL)
Xelo Vietnam

For more information on the research report, refer to below link:
https://www.makreo.com/report/vietnam-car-rental-market-ride-hailing-and-taxi-services-outlook-2018-2027


Contact Us:
Makreo Research
Meetu Bhasin
[email protected]
+91-9619699069
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Issued By Makreo Research and Consulting
Phone +91-9619699069
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Kharghar, Navi Mumbai, Maharashtra - 410210, India
Country Vietnam
Categories Automotive , Reports , Research
Tags vietnam ride hailing market , vietnam car rental market , ridehailing market on vietnam , ride hailing services in vietnam , vietnam self drive rental market , vietnam car rental research , ride hailing market report , vietnam taxi market research
Last Updated November 19, 2022