Vietnam Motorcycle Rental Market Size, Share, Growth, Trends and Forecast 2025-2033

The Vietnam motorcycle rental market size reached USD 1.28 Million in 2024 and is forecasted to reach USD 2.99 Million by 2033, growing at a CAGR of 8.88% during 2025-2033. This growth is driven by Vietnam's rapid emergence as a top global tourism destination, the expanding adoption of electric motorcycles, and increasing digital platform integration aided by smartphone penetration. Sustainable transportation initiatives and enhanced charging infrastructure also support market expansion.

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 international arrivals rising significantly.
• Rapid expansion of electric motorcycle adoption, bike-sharing platforms, and digital integration with smartphones support market growth.
• Government supportive policies such as eased visa norms and added flight routes boost tourism and rental demand.
• The shift towards sustainable transportation and expansion of electric charging infrastructure are key market growth drivers.

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Market Growth Factors

Vietnam's motorcycle rental market growth stems from its status as the world's fastest-growing tourism destination, evidenced by 13.9 million overseas visitors in the first eight months of 2025, a 21.7% increase over the same period in 2024. This surge fuels demand for flexible travel options, with motorcycles favored for affordable and authentic urban and rural travel. Government policies easing visa requirements and promoting specific markets alongside added flights to key destinations like Khanh Hoa and Da Nang further boost tourist inflows, expanding rental market opportunities and encouraging fleet and infrastructure investments.

The growing adoption of electric motorcycles plays a pivotal role in the market's transformation. Vietnam has committed to net-zero emissions by 2050, targeting 25% of two-wheelers to be electric by 2030. Ho Chi Minh City's initiative to electrify 400,000 delivery motorbikes marks a significant push toward sustainable urban mobility. In tandem, private sector innovations such as interoperable battery swap stations reduce downtime for electric motorcycles and enhance service coverage, enabling rental operators to efficiently serve peri-urban and suburban areas.

Digital transformation and sustainable transportation initiatives underpin sustained market expansion. Increased urbanization and rising demand for convenient, green mobility choices have made electric motorcycles popular. Integration of digital platforms enabling app-based bookings, GPS navigation, and short-term rentals cater to tourists' convenience and security needs. Government backing combined with private innovations strengthens the platform for electric motorcycle rentals and aligns market growth with environmental goals, ensuring long-term viability.

Market Segmentation

Product Insights:

• Computer Motorcycles
• Luxury Motorcycles

Type Insights:

• Off Road
• On Road

End Use Insights:

• Tourism
• Commute

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

Each segment analysis is based on key trends and includes forecasts at country and regional levels from 2025 to 2033.

Regional Insights

The report covers Northern Vietnam, Central Vietnam, and Southern Vietnam regions. However, no specific dominance or market share statistics are provided for any region. The report presents comprehensive regional analyses across these three major markets.

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 platform offers up to 80% revenue share for driver partners during the first two years, enabling VinFast electric motorcycle owners to register as transportation service business partners. Training is provided to maintain high service standards, marking a significant development in Vietnam's electric motorcycle rental market.

Competitive Landscape

The market research report provides a comprehensive analysis of the competitive landscape, including market structure, key player positioning, top winning strategies, competitive dashboards, and company evaluation quadrants along with detailed profiles of all major companies.

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