Market Overview
The Vietnam Motorcycle Rental Market reached USD 1.28 Million in 2024 and is projected to reach USD 2.99 Million by 2033. The market is expected to grow at a CAGR of 8.88% during the forecast period 2025-2033. Growth is driven by rapid tourism expansion, increased adoption of electric motorcycles, the rise of bike-sharing platforms, and integration of digital technologies with smartphone penetration, alongside growing sustainable transportation initiatives.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Vietnam Motorcycle Rental Market Key Takeaways
- The Vietnam motorcycle rental market size was USD 1.28 Million in 2024.
- The market is expected to grow at a CAGR of 8.88% during 2025-2033.
- The forecast period for the market is 2025-2033.
- Vietnam is the world’s fastest-growing tourism destination, with 13.9 million overseas visitors in the first eight months of 2025, a 21.7% increase over 2024.
- Government policies such as eased visa requirements and added flights to key destinations are supporting tourist inflows.
- The market is propelled by the rapid expansion of electric motorcycle adoption and bike-sharing platforms.
- The integration of app-based bookings and GPS navigation enhances travel convenience.
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Market Growth Factors
Motorcycle rentals in Vietnam have continued market growth because Vietnam is the fastest growing tourist market globally; thirteen point nine million foreign tourists arrived during the first eight months of 2025; this is a twenty-one point seven percent increase from the same period in 2024. The growth of tourism has driven demand in low-cost and convenient transportation. Motorcycles commonly serve for commutes in cities and the countryside. Relaxed visa requirements plus expanded flight connections to tourist destinations including Khanh Hoa and Da Nang as government support have contributed to an increase in international tourists, expanding the potential market for rental bike operators.
Part of this process involves developing electric and sustainable forms for transport. For example, the Vietnamese government has a target for net-zero carbon emissions by 2050, including 25% of two-wheelers to be electric by 2030. Ho Chi Minh City’s conversion of 400,000 gasoline-powered motorcycles to electric motorcycles as part of its fleet of delivery drivers is an example. Together with the private sector’s switch to interoperable battery swap stations, such policies are transforming the urban transportation sector by reducing downtime and expanding the electric motorcycle rental fleet’s service area.
Technological progress is a key growth factor. Web and app-based rent and management services, flexible rental options, GPS support and real-time service management drive the customary and emerging digital rental sector. Besides, environmental sustainability and the demand for customized services across various segments, for instance tourists looking for experiential travel opportunities, also drive the market. This generates investment needs for a fleet and infrastructure. Environmental elements have a strong influence on market development.
Market Segmentation
- Product Insights:
- Computer Motorcycles: Analysis includes computer motorcycles, detailing their role and market trends.
- Luxury Motorcycles: Considering premium motorcycles, their market share and dynamics are analyzed.
- Type Insights:
- Off Road: Includes motorcycles designed for off-road usage analyzed for their market significance.
- On Road: Encompasses motorcycles intended for on-road use, with market performance insights.
- End Use Insights:
- Tourism: Motorcycles rented primarily for tourism purposes, emphasizing convenience for travelers.
- Commute: Motorcycles used for daily commuting, addressing local mobility needs.
- Regional Insights:
- Northern Vietnam: Regional market trends and developments in the northern area.
- Central Vietnam: Market analysis and dynamics specific to central Vietnam.
- Southern Vietnam: Insights into the motorcycle rental market in southern Vietnam.
Regional Insights
Southern Vietnam is a key regional market, supported by the rapid tourism growth and urbanization trends fueling motorcycle rental demand. Together with Northern and Central regions, the nationwide market is guided by differential growth rates driven by tourism, urban policies, and infrastructure development, underlining the strategic importance of southern Vietnam in the overall landscape.
Recent Developments & News
In October 2024, Xanh SM launched the Xanh SM Bike Platform, a green ride-hailing service exclusively for VinFast electric motorcycles. This service offers up to 80% revenue share for driver partners during the first two years. The initiative allows VinFast electric motorcycle owners to register as transportation service business partners while receiving training to maintain high service standards, marking a notable step in promoting sustainable motorcycle rentals.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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