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

The Vietnam Motorcycle Rental Market reached a size of USD 1.28 Million in 2024. It is projected to grow to USD 2.99 Million by 2033, reflecting a CAGR of 8.88% during the forecast period of 2025-2033. This growth is driven by Vietnam’s rapid emergence as the fastest-growing tourism destination globally, expansion of electric motorcycle usage, bike-sharing platforms, and enhanced digital platform integration supported by rising smartphone penetration. Sustainability initiatives and charging infrastructure development further 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, which is significantly boosting demand.
• The adoption of electric motorcycles and bike-sharing platforms is rapidly expanding.
• Integration of digital platforms with smartphones is enhancing market development.
• Government initiatives support sustainable transportation and infrastructure development.

Sample Request Link: https://www.imarcgroup.com/vietnam-motorcycle-rental-market/requestsample

Market Growth Factors

Vietnam’s explosive growth as the world’s most rapidly expanding tourism market is a fundamental growth driver for the motorcycle rental sector. The country recorded 13.9 million international arrivals in the first eight months of 2025, marking a 21.7% increase compared to the same period in 2024. This surge in tourism has increased demand for convenient and flexible transportation options like motorcycles, favored for affordability and authentic travel experiences in urban and rural settings. Government policies easing visa requirements, promotional campaigns targeting key markets, and increased flights to destinations such as Khanh Hoa and Da Nang further boost tourist inflows and the rental market’s expansion.

The increasing focus on electric motorcycles and sustainable mobility is revolutionizing the market's technological and operational landscape. Vietnam has committed to achieving net-zero emissions by 2050, setting a target of 25% electric two-wheelers by 2030. Ho Chi Minh City has initiated a plan to transition 400,000 gas-powered motorbikes used by delivery riders to electric models, signaling a large-scale move toward environmentally friendly urban transport. Private sector innovations, including investment in interoperable battery swap stations, reduce downtime and expand service areas, enhancing the viability of electric motorcycle rentals. This blend of policy support and innovation positions the market for steady growth aligned with sustainability goals.

The integration of technology across veteran rental operators and emerging digital players is facilitating customized services tailored to tourists' mobility needs. Features such as app-based bookings, GPS navigation, and flexible short-term rental packages are improving convenience, security, and overall travel experience. The growing smartphone penetration further supports digital platform usage, stimulating investment in fleet expansion, infrastructure, and innovative solutions to cater to a diverse, experience-focused clientele. These factors collectively establish a fertile ground for sustained growth in Vietnam's motorcycle rental market.

Market Segmentation

Product Insights:

• Computer Motorcycles: Included as a key product segment in the Vietnam motorcycle rental market.
• Luxury Motorcycles: Also analyzed as a significant product segment catering to market demands.

Type Insights:

• Off Road: Identified as a relevant category within the market scope.
• On Road: Another primary type segment addressed in the report.

End Use Insights:

• Tourism: A major end use segment reflecting the tourism-driven demand for rentals.
• Commute: Included as an essential category for everyday mobility needs.

Regional Insights

The report covers Northern Vietnam, Central Vietnam, and Southern Vietnam as the major regional markets. These regions represent comprehensive analysis areas reflecting the geographic distribution and market dynamics in the country. Specific market share or CAGR data per region is not explicitly provided in the source.

Recent Developments & News

In October 2024, Xanh SM launched the Xanh SM Bike Platform, a green ride-hailing service dedicated exclusively to VinFast electric motorcycles. The platform offers driver partners up to an 80% revenue share in the first two years. This initiative allows VinFast electric motorcycle owners to register as transportation service business partners and includes training programs to maintain high service standards.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note:

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302