Vietnam: motorcycle manufacturers revenue share

In 2020, the revenue of the motorcycle industry in Vietnam lay at around 4.4 billion U.S. dollars. Almost 80 percent of the motorcycle market revenue in Vietnam was generated by Honda. The only other brand with a significant market share in the country was Yamaha with around 20 percent.

Market share of motorcycle manufacturers in Vietnam in 2022, based on revenue

Characteristic	Martket share
Honda Motorcycles	77.9%
Yamaha	20.2%
Piaggio	1.1%
Suzuki Motorcycles	0.4%
Sym	0.3%

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Release date

September 2022

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Region

Vietnam

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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