WiseGuyReports.com adds “Taxi Market 2019 Vietnam Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.
This report provides in depth study of “Taxi Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Taxi Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Vietnam Taxi Market has witnessed swift development amidst progressive expansion of organized sector coupled with increased penetration of internet. Accommodative financial conditions, robust infrastructure development and improving business climate played a major role in increasing level of spending among middle class population. Moreover, the rampant investments towards the technology and investments by major companies have contributed considerable growth in this market.
Vietnam Taxi Market witnessed a resilient CAGR of 15.5% during the period 2012-2017. Momentous growth in tourism industry, falling demand for motorbikes, decline in oil prices over the last 2 years, and progression in per-capita income of Vietnamese are the major factors driving this growth. Additionally, introduction of tech-savvy players like Grab and Go-Jek has created an intensified competition while simultaneously providing more choices to customers. After Uber exit from the market, many new ride hailers have entered into the market which further strengthened the race.
The government of Vietnam has introduced various regulations on car manufacturing, assembly, importation, and warranties, a move that tightened car imports from January 2018. Additionally, the government has developed various policies to encourage international tourism, a move which will help the players to capture untapped potential which once penetrated, would make Vietnam a leading destination for car rental.
An Insight into Car Rental Market
The enhancement in growth can be attributed to escalating demand for business trips fueled by expansion in online and mobile bookings. Robust demand for Chauffeur driven cars in key regions like Hanoi and HCM city played an extensive role in stimulating market revenue. Moreover, increase in domestic and international tourism, development of airport infrastructure, and upsurge in passenger inflow at airports were addressed as the primary reason towards the growth of On-Airport Car Rental revenue.
Nascent Stage of Cab Aggregator Market
Vietnam Cab Aggregator market has grown at a CAGR of 16.8% during the period 2013-2017. Change in demographic pattern, surge in urbanization, and boom in ICT market were the major enablers for this strong growth. The deep penetration of mobile internet helped Vietnamese to book cabs online and monitors costs on real time basis.
With the advent of technology, the Cab Aggregators found a way to operate their business in an organized manner. The aggregators made its presence in cities like Hanoi and HCM, where the volume of bookings was high.
Upcoming Market Opportunities
Vietnam Taxi Market is continuing expected to grow at a double digit CAGR during the period 2017-2022. Advent of new players coupled with rapid development of road infrastructure are the major driving forces to uplift the market in near future.
Scope of the Study
The synopsis presented has been derived from the report titled “Vietnam Taxi Market: Car Rental and Cab Aggregator, An Outlook to 2022” published by MCORE Business Research. The report deep dives into market assessment on various parameters, discussing major segments, and accessing the impact of economic, political, technological& demographic factors on the market. The study also discusses market dynamics which offer an understanding of industry trends, driving forces and major challenges hampering the growth. The report gives an understanding of future opportunities prevailing in the market which may help market players to leverage untapped business potential.
Key Players in Vietnam Taxi Market
Vietnam Sun Corporation (Vinasun), Mai Linh Group, Vina(Vietnam) Rent A Car, Avis Vietnam, Budget Vietnam, Grab Vietnam, Aber, Go-Jek, FastGo, VATO, MVL and Xelo
The report helps readers to gain information on following areas:
• What is the present scenario of the Vietnam Taxi market and expected future performance?
• What are the key revenue sources for Taxi players in Vietnam?
• What is the positioning of International and Domestic players in the market?
• Which category of cars are more on demand in taxi industry?
• Is on-line cab booking taking the lead and how domestic small players are coping up with technological upgradation?
• Evolution of Cab Aggregators and its impact on revenue of Car Rental Market
• What are the industry growth enablers and key trends supporting the industry performance?
• What changes government reforms have brought into the industry?
• How major players are positioned in the market and strategically making differentiation in services?
Major Key Points in Table of Content
- Report Synopsis
2. Vietnam Taxi Market: An Overview
2.1. Passenger Car Market: An Introduction
2.1.1. Passenger Vehicles Production and Sales: Vietnam Vs. Major ASEAN Countries 2017
2.2. Road Network in Vietnam
2.3. Vietnam Taxi Market Performance
2.4. Value Chain Analysis
2.5. Country Overview: EPTD Analysis
- Research Methodology
3.1. Objective of the Study
3.2. Key Variants and Definitions
3.3. Approach Adopted
3.4. Modus Operandi
3.4.1. Exploratory Research
3.4.2. Data Synthesis & Analysis
3.4.3. Data Validation
3.5. Limitations of the Study
- Vietnam Car Rental Market Analysis and Forecast, 2012-2022
6.1. Vietnam Car Rental Market Analysis by Revenue, 2012-2017
6.2. Vietnam Car Rental Market Analysis by Fleet Size, 2017
6.3. Vietnam Car Rental Market Segmentation
6.3.1. Vietnam Car Rental Market Segmentation-Self-Driven and Chauffeur Driven, 2017
188.8.131.52. Chauffeur Driven Car Rental Market Segmentation – On-Airport and Off-Airport, 2017
184.108.40.206. Chauffeur Driven Car Rental Market Segmentation – Clients (Corporate and Retail), 2017
220.127.116.11. Self Driven Car Rental Market Segmentation – Clients (Corporate and Retail), 2017
6.3.2. Vietnam Car Rental Market Segmentation – Type of Trip (Leisure and Business), 2017
6.3.3. Vietnam Car Rental Market Segmentation – Car Type(Luxury, Medium and Small), 2017
18.104.22.168. Pricing Analysis of Vietnam Chauffeur Driven Car Rental in VDN, 2017
6.3.4. Vietnam Car Rental Market Segmentation – Cities (Ho Chi Minh, Hanoi, Da Nang, Hue and Others), 2017
6.3.5. Vietnam Car Rental Market Segmentation – Online and Offline Booking, 2017
6.4. Vietnam Car Rental Market Competitive Landscape
6.5. Vietnam Car Rental Market Company Profile
6.5.1. Company Profile: Vietnam Sun Corporation (Vinasun)
6.5.2. Company Profile: Mai Linh Group
6.5.3. Company Profile: Vina(Vietnam) Rent A Car
6.5.4. Company Profile: Avis Vietnam
6.5.5. Company Profile: Budget Vietnam
6.6. Vietnam Car Rental Market Future Outlook by Revenue, 2018-2022
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