"In-Car Entertainment in Vietnam" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Dec 29 2015

According to the Vietnam Automobile Manufacturers Association (VAMA), volume sales of cars grew by 43% to reach over 150,000 units in 2014, which greatly contributed to in-car navigation's skyrocketing growth in 2014. In 2015, the car market of Vietnam was expected to continue seeing strong double-digit growth largely thanks to the increasing market demand stimulated by the rise in average income of city dwellers. In-car entertainment indeed benefited from another year of strong growth in 2015. Nevertheless, the 10% volume growth seen in 2015 is a slowdown compared to 2014 volume growth of 18%. The main reason is that many consumers are tending to delay their car purchases to 2018 when the import tax for cars is expected to be 0%, according to the Ministry of Industry and Trade.

Competitive Landscape

In-car navigation is highly fragmented in Vietnam with hardly any brand seeing outstandingly noticeable market share. Because this remains a relatively small category, most big companies do not pay much attention to investing in it, which results in a highly fragmented market filled with many different brands.

Full Report Details at
- http://www.fastmr.com/prod/1097695_incar_entertainment_vietnam.aspx?afid=302

Industry Prospects

Over the forecast period, in-car entertainment is expected to see an impressive performance. From 2016 to 2017, volume growth is predicted to slow down ??" to 8% in 2016 and 7% in 2017 ??" as many consumers are expected to delay their car purchases to 2018 when the import tax on cars is set to 0%, which will obviously affect the category’s performance. However, beginning from 2018, in-car entertainment is expected to greatly benefit from the prospective increase in car consumption to accelerate again with a predicted growth of 12% in 2018 and then to 16% by the end of 2020.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the In-Car Entertainment industry in Vietnam with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the In-Car Entertainment industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions.

The In-Car Entertainment in Vietnam market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of In-Car Entertainment in Vietnam?

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