The Report Covers the Car Rental Industry in Vietnam. The Market is Segmented by Booking Type (Online and Offline), Rental Duration (Short-Term and Long-Term), Application Type (Tourism and Leisure, Daily Commuting and Corporate and Expat Mobility), Vehicle Propulsion (Internal Combustion Engine, and More), and by End-User (Individual and Corporate). The Market Forecasts are Provided in Terms of Value (USD).

The Vietnam car rental market was valued at USD 781.20 Million in 2024. The industry is expected to grow at a CAGR of 14.00% during the forecast period of 2025-2034 to attain a valuation of USD 2896.08 Million by 2034.

Discover the booming Vietnam car hire market! Explore its $680 million (2025) valuation, 13.82% CAGR growth, key players (Vinasun, Grab, Hertz), and future trends impacting tourism, commuting, and short/long-term rentals. Get insights into market segmentation and regional distribution. Recent developments include: September 2023: The Government of Vietnam had set a strategic vision for electric vehicle deployment and transportation sector decarbonization by approving the Action Program for green energy transition and carbon dioxide and methane emissions mitigation in transportation.May 2023: Ahamove, the on-demand transportation application in Vietnam, launched a self-driving electric car rental service for tourists to Da Nang, with the addition of electric cars in its fleet like VinFast VF e2 and VinFast VF34.. Key drivers for this market are: Increasing Penetration of Electric Vehicles for Rental Fuels. Potential restraints include: Increasing Penetration of Electric Vehicles for Rental Fuels. Notable trends are: Online Segment Holds the Highest Share.

Unlock expert insights on Vietnam Car Rentals Market, size at USD 900 million in 2023, featuring industry trends and revenue forecast driven by major players and segmentation.

Vietnam Car Rental Market size was valued at USD 610.5 Million in 2024 and is projected to reach USD 1,834.2 Million by 2032, growing at a CAGR of 12.8 % from 2025 to 2032.

The Vietnam car rental market is driven by rising tourism, increasing urbanization, and a growing middle class with higher disposable income. Business travel and corporate leasing also fuel demand, while the expansion of ride-hailing services and digital platforms enhances accessibility and convenience.

Additionally, government investments in infrastructure and improved road networks boost car rental adoption. The shift towards electric and eco-friendly vehicles, along with flexible rental options, further accelerates market growth.

Discover the booming Vietnam car hire market! Explore its 13.82% CAGR, key players like Grab, Avis, and Vina(Vietnam) Rent A Car, and regional growth projections through 2033. Learn about market drivers, restraints, and future trends in this comprehensive analysis. Key drivers for this market are: 4., Increasing demand from automobile industry4.; Increased focus on precision products. Potential restraints include: 4., The cost of production and transportation4.; Regulations and quality standards. Notable trends are: Increasing Investments by Foreign Players is Pushing Demand for Car Rentals.

Car Rental (hiring of a passenger vehicle, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals Market in Vietnam to 2020: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue from Car Rentals, Car Rental Occasion, Days and Length for the period 2001 to 2015. Furthermore, the report also details out Fleet Size (number of operational cars available for short term rental for the purpose of business, leisure, and insurance replacement) for the period 2011 to 2020 along with Utilization Rate and Average Revenue per Day from the Car Rental business in Vietnam. The report acts as an essential tool for companies active or plans to venture in to the Vietnam’s Car Rental market. The comprehensive statistics within the report provides insight into the operating environment of the market and also ensures right business decision making based on historical trends and industry model based forecasting. This is an on-demand report and will be delivered within 2 working days (excluding weekends) of the purchase. Read More

The ASEAN car rental market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 15.70% from 2025 to 2033. This surge is driven by several key factors. Firstly, the burgeoning tourism sector across Southeast Asia fuels demand for short-term rentals, particularly in popular destinations like Thailand, Singapore, and Vietnam. Secondly, the increasing urbanization and traffic congestion in major cities are prompting more individuals and businesses to opt for convenient car rental solutions for commuting and daily needs, bolstering long-term rental segments. Furthermore, the rise of online booking platforms and mobile applications simplifies the rental process, enhancing accessibility and convenience for consumers. While infrastructure limitations in certain regions and fluctuating fuel prices pose some challenges, the overall market outlook remains positive, with continuous technological advancements and evolving consumer preferences contributing to its sustained growth. This growth is unevenly distributed across the region. Singapore, with its developed infrastructure and high tourist influx, likely commands a significant market share. Indonesia and Vietnam, given their large populations and expanding middle classes, are also expected to witness substantial growth in car rentals. Malaysia and Thailand, already established tourist hotspots, will continue to be important markets. The "Rest of Southeast Asia" segment, encompassing smaller economies, may experience slower yet consistent expansion. Key players like Avis Budget Group, INDORENT, and Blue Bird Group are actively competing to capture market share, investing in fleet expansion, technological upgrades, and strategic partnerships to cater to the evolving demands of this dynamic market. The competitive landscape is further shaped by the emergence of local players and the increasing popularity of peer-to-peer car sharing services. This insightful report provides a detailed analysis of the burgeoning ASEAN car rental market, encompassing historical data (2019-2024), current estimates (2025), and future projections (2025-2033). It delves into market size, segmentation, trends, and key players, offering invaluable insights for investors, businesses, and stakeholders seeking to understand and capitalize on this dynamic sector. The report uses a base year of 2025 and forecasts a market valued in the millions of units. Recent developments include: June 2022: Carro acquired a 50% stake in the rental arm of Indonesian automotive group PT Mitra Pinasthika Mustika for nearly USD 54 million, according to a statement from the companies. PT Mitra Pinasthika Mustika Rent (MPMRent) is Indonesia's largest car rental company, with a fleet of over 13,000 vehicles and financing services., July 2022: InterContinental Phuket Resort and SIXT Thailand formed a partnership that will introduce the Nissan Leaf to its rental collection in Phuket. To power this new fleet of EVs, InterContinental Phuket Resort has installed a total of six EV charging points - four AC stations and one1 DC station with two chargers., January 2022:The Middle Eastern mobility company ekar announced that it will begin operations in Thailand, starting with Bangkok and moving on to other cities later this year. With no down payments or long-term commitments, ekar's exclusive car subscription service, which is available through the ekar app, offers cars with terms of one to nine months for a single monthly fee. Peer-to-peer carsharing services from ekar will be available later in 2022.. Key drivers for this market are: Increase in Demand for Clean Energy Driving the Market. Potential restraints include: Rising Safety Concerns is Antcipated to Restrain the Market. Notable trends are: Rising Tourism Industry in the Region Drives the Market.

Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Vietnam to 2024: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue, Car Rental Occasion, Days and Length for the period 2015 to 2019. Read More

Vietnam car rental & mobility solutions market valued at USD 780 million, driven by urbanization, rising incomes, tourism rebound, and app-based bookings for convenient transport.

Significant fluctuations are estimated for all segments over the forecast period for the number of users. Only in the segment Shared Rides, a significant increase can be observed over the forecast period. In this segment, the indicator exhibits a difference of **** million users between 2018 and 2028. The Statista Market Insights cover a broad range of additional markets.

Car Rental (hiring of a passenger vehicle for self drive, which includes cars and small vans, by both business and leisure travelers for short term duration; excluding leasing and long term rentals) market has evolved intensely in the very recent years and is also expected to evolve in similar fashion in the near future. The report Car Rentals (Self Drive) Market in Vietnam to 2023: Fleet Size, Rental Occasion and Days, Utilization Rate and Average Revenue Analytics provides deep dive data analytics on wide ranging Car Rental market aspects including overall market value by customer type – Business and Leisure, by point of rental – Airport and Non-Airport, Insurance / Temporary Replacement Revenue, Car Rental Occasion, Days and Length for the period 2014 to 2018. Read More

Vietnam AI in Car Rental & Fleet SaaS Market valued at USD 780 million, driven by digital platforms, AI fleet management, tourism growth, and urban expansion.

The Southeast Asia Tourism Vehicle Rental Market report segments the industry into By Vehicle Type (Passenger Car, Commercial Vehicles), By Booking Type (Online Booking, Offline Booking), By Rental Duration (Short-Term Rental, Long-Term Rental), By Driving Type (Self-Driven, Chauffeur-Driven), and By Country (Indonesia, Thailand, Vietnam, Singapore, Philippines, Malaysia, Other Countries).

Vietnam Car Finance & Leasing Platforms Market valued at USD 2.5 billion, driven by rising vehicle demand, e-commerce, and urbanization. Growth fueled by EV financing regulations and digital platforms.

The Vietnam taxi market, valued at $500 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 11.80% from 2025 to 2033. This expansion is fueled by several key drivers. Rising urbanization and increasing disposable incomes within Vietnam are leading to higher demand for convenient and reliable transportation options. The burgeoning tourism sector further contributes to this growth, as visitors rely heavily on taxis for navigating unfamiliar cities. Technological advancements, particularly the rise of ride-hailing apps and online booking platforms, are transforming the industry, offering increased accessibility and efficiency. The market is segmented by booking type (offline and online), service type (ride-hailing and ride-sharing), and vehicle type (motorcycles, cars, and vans). Online booking is rapidly gaining traction, reflecting the increasing smartphone penetration and digital literacy within the country. Ride-hailing services, particularly those leveraging technology for efficient dispatch and fare calculation, are experiencing significant growth, outpacing traditional offline booking methods. The dominance of cars in the vehicle type segment is expected to continue, although the motorcycle segment remains significant, particularly in smaller cities and towns. Competition amongst key players like Grab Holdings Inc, Gojek Tech, and local companies such as Mai Linh Group and Vinasun Taxi Corp, is driving innovation and improvements in service quality. While the market presents significant opportunities, certain restraints are also at play. These include fluctuating fuel prices, which directly impact operational costs for taxi operators, and potential regulatory challenges related to the licensing and operation of ride-hailing services. Traffic congestion in major cities like Ho Chi Minh City and Hanoi also poses a significant constraint on efficiency and profitability. However, the ongoing infrastructure development and government initiatives aimed at improving urban transportation networks are expected to mitigate these challenges over the long term. The continued investment in technological solutions, combined with a growing preference for convenient and affordable transportation options, positions the Vietnam taxi market for continued, strong growth over the forecast period. Recent developments include: January 2024: Xanh SM, a new transportation brand launched in early 2023 focusing on sustainable growth, launched a short-term self-driving car rental service, Xanh SM Rentals, with electric car rental packages offering attractive price policies, and attracted more than 15 million customers after only 8 months of launch., April 2023: Green and Smart Mobility JSC (GSM) was established and launched in Vietnam as a multi-platform green transportation model. It operates with a fleet of 100% electric vehicles.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Rapid Urbanization and Demand for Convinient Transportation. Notable trends are: Ride-hailing Services are Anticipated to Play a Key Role in the Market.

Over the last two observations, the number of users is forecast to significantly increase in all segments. As part of the positive trend, the user number reaches the maximum value for all two different segments at the end of the comparison period. Particularly noteworthy is the segment Shared Vehicles, which has the highest value of *** billion individuals.Find further similar statistics regarding the shared mobility market in countries or regions like Vietnam, Russia, and Indonesia.

Báo cáo bao gồm Thị trưỠng cho thuê ô tô Việt Nam, Thị trưỠng ô tô cho thuê sân bay tại Việt Nam, Thuê ô tô tại Việt Nam, Cho thuê ô tô tại Việt Nam.

본 보고서는 베트남 렌터카 산업을 다룹니다. 시장은 예약 유형(온라인 및 오프라인), 대여 기간(단기 및 장기), 애플리케이션 유형(관광 및 레저, 통근, 기업 및 해외 거주자 모빌리티), 차량 추진 방식(내연기관 등), 그리고 최종 사용자(개인 및 기업)별로 세분화됩니다. 시장 전망은 가치(USD) 기준으로 제공됩니다.