The Vietnam furniture market reached approximately USD 1.37 Billion in 2024. The market is projected to grow at a CAGR of 5.10% between 2025 and 2034, reaching a value of around USD 2.25 Billion by 2034.
Base Year
Historical Year
Forecast Year
According to industry reports in 2024, Vietnam is the sixth largest producer of furniture in the world.
As per the CSIL industry (Center for Industrial Studies), furniture production in the country is expected to witness an average annual growth of 10 per cent.
In coming years, interior furniture production is also expected to grow in Vietnam, following in the footsteps of outdoor furniture.
Value in USD Billion
2025-2034
Vietnam Furniture Market Outlook
*this image is indicative*
The growth of the real estate sector, the shift in buyer’s preference towards modern and space-saving furniture, and the rise of eco-friendly furniture designs are some of the major market drivers. Consumers in the country are becoming more aware of the environmental consequences and are actively searching for furniture crafted from renewable resources, recycled materials, or certified sustainable wood.
The demand for customised and personalised furniture solutions is on the rise as manufacturers and retailers now provide made-to-order options to their customers, thus impacting the Vietnam furniture industry revenue. This allows them to select their preferred designs, materials and colours, catering to their individual preferences. The incorporation of technology into furniture design is also becoming increasingly popular as smart furniture, equipped with features like built-in charging stations, IoT connectivity, and ergonomic designs, is particularly appealing to tech-savvy consumers.
Furthermore, there is a growing recognition of the artistry and craftsmanship involved in handcrafted furniture. Consumers appreciate the uniqueness, quality, and narrative behind each furniture piece, contributing to the surge in the popularity of artisan-made furniture in the market.
Growth in the number of exports to other countries, rising demand for sustainable materials and the incorporation of robotics are expected to increase the Vietnam furniture market revenue.
Vietnam has surpassed countries like Germany and Poland to become the second-largest furniture exporter worldwide. Furniture accounted for an estimated 82.9% of Vietnam’s total export turnover in wood and wood products in 2023, reaching approximately 8.4 billion USD. The country’s wood industry has also established itself in the international market, with an annual export value exceeding 10 billion USD, supporting the furniture demand in Vietnam. The main countries that Vietnam exports to have been the United States, Japan, the United Kingdom, Australia, and France.
As individuals grow more conscious about the environment and the impact of climate change, there has been an increased demand for the utilization of sustainable materials in furniture manufacturing. Wood from certified sustainable sources and recycled materials to make furniture are gaining popularity. There also have been changes from the market players’ ends as they have started adopting sustainable practices in the manufacturing process.
As disposable incomes have seen an increase, the industry has witnessed the growth of niche furniture markets such as the luxury and premium segments. Rapid urbanisation and modernisation have also played a key role in propelling this market. The high-end furniture makes use of better quality and exotic raw materials. It also involves more of handwork and human effort and less designing using machines. This also allows for customers to personalize and customize their pieces which boosts the overall furniture market.
The Vietnam furniture industry is rapidly adopting automation to improve efficiency and reduce labour costs and enhance overall quantity as well as quality of production. Machines for designing and cutting the wood are actively used for enhanced precision. Assembling of furniture parts and elements is another task performed by robotic arms and machines. Automated assembly lines are growing in number that allow for a consistent and uniform assembling of furniture.
“Vietnam Furniture Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Market Breakup by Material:
Market Breakup by End Use:
Market Breakup by Sales Channel:
Market Breakup by Region:
Based on end-use, the market is divided into residential and commercial. The residential sector holds a significant share of the market due to growing urbanisation in the country in recent years, higher disposable incomes, and the expansion of the middle-class population. Additionally, the growing demand for household furniture items such as couches, beds, and dining tables as individuals seek to improve their living environments for increased comfort and to enhance visual appeal is aiding the segment growth.
The market participants are heavily investing in the production of eco-friendly furniture to gain a competitive edge in the market.
Vietnam Furniture Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 1.37 Billion.
The market is estimated to grow at a CAGR of 5.10% between 2025 and 2034.
The Vietnam furniture market is estimated to witness a healthy growth during 2025-2034 to reach around USD 2.25 Billion by 2034.
The market is being driven by the growth of the real estate sector, the shift in buyer’s preference towards modern and space-saving furniture, and the rise of eco-friendly furniture designs.
The key trends aiding the Vietnam furniture market include the demand for customised and personalised furniture solutions, the rise of smart furniture, and growing sales of handcrafted furniture.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on material, market segmentations include wood, metal, and plastics, among others.
Various end uses are residential and commercial.
The major players in the market are Furaka JSC, AA Corporation, The One Furniture, Ashley Furniture Industries, LLC, Minh Duong Furniture Corp., Duc Thanh Wood Processing JSC, Xuan Hoa Company, Bristol Technologies Sdn Bhd, Vixfurniture Company Co. Ltd., and Zhejiang Sunon Furniture Manufacture Co., Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Material |
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| Breakup by End Use |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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