Vietnam E-Bike Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam E-Bike Market Report is Segmented by Propulsion Type (Pedal Assisted and Throttle Assisted), Application Type (City/Urban, Trekking (E-Mountain Bikes/MTB), and Cargo), and Battery Type (Lithium-Ion Battery and Lead Acid Battery). The Report Offers the Market Size and Forecast of Value (USD) for all the Above Segments.

Vietnam E-Bike Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam E-bike Market Size

Vietnam E-bike Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 39.22 Million
Market Size (2030) USD 54.75 Million
CAGR (2025 - 2030) 6.90 %
Market Concentration Medium

Major Players

Vietnam E-bike Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Vietnam E-bike Market Analysis

The Vietnam E-bike Market size is estimated at USD 39.22 million in 2025, and is expected to reach USD 54.75 million by 2030, at a CAGR of 6.90% during the forecast period (2025-2030).

Over the medium term, electric bicycles, or e-bikes, seamlessly blend the excitement of cycling with the convenience of motorized transport. Whether for leisurely jaunts or adventurous outings, e-bikes offer a distinctive way to enjoy the outdoors. A key advantage of e-bikes is their prowess in navigating tough terrains, from steep inclines to bumpy paths, challenges that often deter traditional bicycles. This electric motor-driven capability not only elevates the riding experience but also broadens cycling's appeal to a diverse audience.

With growing awareness of their advantages, the e-bike market is poised for significant expansion, presenting a wider array of choices for enthusiasts. In response to escalating environmental and health concerns tied to rising emissions, global governments and organizations are tightening emission standards. This push for stricter vehicle norms underscores the rising demand for e-bikes as a viable solution.

Vietnam's transportation landscape is witnessing a notable shift. The rising popularity of e-bikes is steadily encroaching on the traditional dominance of motorbikes. This transition signals a growing environmental consciousness among the populace. With an increasing number of citizens opting for electric bicycles, Vietnamese streets are becoming quieter and cleaner. This evolution in urban mobility underscores a national commitment to curbing pollution and elevating the quality of urban life across the nation.

Vietnam E-bike Industry Overview

Vietnam's E-bike Market is dominated by several key players such as Vinfast LLC, Pega PEGA LTT, Yadea Technology Group Co., Ltd., Gaint Manufacturing Co. Ltd., and Others. The growing health awareness among the younger generation is expected to boost the demand for e-bikes. The introduction of new models and technologies by manufacturers is likely to drive significant growth in the market during the forecast period. For instance,

  • In August 2023, The Hanoi department rolled out a public bicycle and electric bike service. The initiative offers 1,000 bicycles, with 500 being electric, spread across 79 rental stations. Strategically positioned near bus stops, parks, and tourist attractions, these stations ensure easy access for users.
  • In July 2023, VinFast LLC made its debut in Vietnam's burgeoning e-mobility market with the launch of its first electric bike model. This new e-bike underscores the company's dedication to sustainable innovation, offering an eco-friendly transportation alternative. Boasting contemporary design, cutting-edge technology, and intuitive features, the model is tailored to meet the varied demands of Vietnam's urban commuters. Through this launch, VinFast positions itself as a key player in promoting electric vehicle adoption in the area.

Vietnam E-bike Market Leaders

  1. VinFast Auto, LLC

  2. Giant Manufacturing Co., Ltd.

  3. Yadea Technology Group Co.,Ltd.

  4. PEGA LTT

  5. DYNEM (INKODOP TECHNOLOGIES PRIVATE LIMITED)

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam E-bike Market Concentration
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Vietnam E-bike Market News

  • January 2024: Yadea Technology Group Co., Ltd. invested a substantial USD 100 million to upgrade its second manufacturing facility in Vietnam. This strategic initiative is designed to amplify the company's production capacity for electric bikes (e-bikes), positioning Yadea to better cater to the surging market demand and reinforcing its leadership in sustainable transportation. The expansion promises not only an uptick in output but also heralds a new era of innovation and efficiency in e-bike manufacturing.
  • January 2024: Hanoi's Department of Transport has launched its first dedicated bike lane, aiming to boost cycling safety and promote sustainable transport. The new lane, stretching 4 kilometers and 4 meters wide, runs parallel to the scenic To Lich River, passing through the lively Cau Giay and Dong Da districts. This move seeks to enhance the cycling experience and champion eco-friendly commuting in the city.

Vietnam E-bike Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Growing Demand For Eco-friendly Transportation
  • 4.2 Market Restraints
    • 4.2.1 Lack of Awareness Regarding the Benefits of E-Bikes
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD)

  • 5.1 By Propulsion Type
    • 5.1.1 Pedal Assisted
    • 5.1.2 Throttle Assisted
  • 5.2 By Application Type
    • 5.2.1 City/Urban
    • 5.2.2 Trekking (E-Mountain Bikes/MTB)
    • 5.2.3 Cargo
  • 5.3 By Battery Type
    • 5.3.1 Lithium-Ion Battery
    • 5.3.2 Lead Acid Battery

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 VinFast Auto, LLC
    • 6.2.2 Giant Manufacturing Co., Ltd.
    • 6.2.3 Yadea Technology Group Co.,Ltd.
    • 6.2.4 PEGA LTT
    • 6.2.5 DYNEM (INKODOP TECHNOLOGIES PRIVATE LIMITED)
    • 6.2.6 Merida Industry Co. ltd
    • 6.2.7 Yamaha Motor Co. Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vietnam E-bike Industry Segmentation

An electric bike, also known as an e-bike, is a bicycle that has an electric motor that helps the user to pedal. A bike-mounted rechargeable battery will supply the motor with power.

Vietnam's E-bike Market is segmented by propulsion type, application type, and battery type. By propulsion type, the market is segmented by Pedal Assisted and Throttle Assisted. By application type, the market is segmented by City/Urban, Trekking (E-mountain bikes/MTB), and Cargo. By battery type, the market is segmented into lithium-ion batteries and lead-acid batteries. For each segment, the market sizing and forecast have been done based on the value (USD). 

By Propulsion Type Pedal Assisted
Throttle Assisted
By Application Type City/Urban
Trekking (E-Mountain Bikes/MTB)
Cargo
By Battery Type Lithium-Ion Battery
Lead Acid Battery
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Vietnam E-bike Market Research FAQs

How big is the Vietnam E-bike Market?

The Vietnam E-bike Market size is expected to reach USD 39.22 million in 2025 and grow at a CAGR of 6.90% to reach USD 54.75 million by 2030.

What is the current Vietnam E-bike Market size?

In 2025, the Vietnam E-bike Market size is expected to reach USD 39.22 million.

Who are the key players in Vietnam E-bike Market?

VinFast Auto, LLC, Giant Manufacturing Co., Ltd., Yadea Technology Group Co.,Ltd., PEGA LTT and DYNEM (INKODOP TECHNOLOGIES PRIVATE LIMITED) are the major companies operating in the Vietnam E-bike Market.

What years does this Vietnam E-bike Market cover, and what was the market size in 2024?

In 2024, the Vietnam E-bike Market size was estimated at USD 36.51 million. The report covers the Vietnam E-bike Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam E-bike Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam E-bike Industry Report

Statistics for the 2025 Vietnam E-bike market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam E-bike analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.