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Report Overview
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.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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According to industry reports in 2024, Vietnam is the sixth largest producer of furniture in the world.
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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.
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In coming years, interior furniture production is also expected to grow in Vietnam, following in the footsteps of outdoor furniture.
Vietnam Furniture Market Growth
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.
Vietnam Furniture Market Report Snapshots
Vietnam Furniture Market Growth
Vietnam Furniture Market Share
*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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Key Questions Answered in the Report
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.
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