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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Furniture Market Size
The Vietnam furniture market reached approximately USD 1.37 billion in 2023. The market is projected to grow at a CAGR of 5.10% between 2024 and 2032, reaching a value of around USD 2.15 billion by 2032.
Vietnam Furniture Market Outlook
- 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.
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 2023, the market reached an approximate value of USD 1.37 billion.
The market is estimated to grow at a CAGR of 5.10% between 2024 and 2032.
The Vietnam furniture market is estimated to witness a healthy growth during 2024-2032 to reach around USD 2.15 billion by 2032.
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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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +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
+84865399124