Vietnam Furniture Market 2024 | Upcoming Trends, Demand and Growth

Vietnam Furniture Market Overview  

Market Size in 2024: USD 1.4 Billion

Market Forecast in 2033: USD 2.23 Billion

Market Growth Rate: 4.95% (2025-2033)

According to the latest report by IMARC Group, the Vietnam furniture market size was valued at USD 1.4 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 2.23 Billion by 2033, exhibiting a CAGR of 4.95% from 2025-2033.

Vietnam Furniture Industry Trends and Drivers:

The furniture market in Vietnam is witnessing great advancement, primarily due to several important factors that engineer the course of the market. First, urbanization is faster. More and more people are moving to major cities of the country like Hanoi, Ho Chi Minh City, and Da Nang. Hence, demand for more residential and office furniture is produced as a byproduct of this. Further, these consumers are looking for modern furniture that can easily fit into smaller living spaces and are comfortable and stylish, with increasing evolution in urban lifestyles. Furthermore, building up both real estate and commercial infrastructures such as offices, hotels, and even residential complexes stimulate furniture sales. The development of infrastructure, with the support from the government, secures this trend for the betterment of the furniture market.

The other major influence in the furniture market-the most remotest of all-is the e-commerce. The way forward in the digital and internet-adoption increases the reach of various consumers from all walks of life now opting for online platforms to buy furniture and ter out its convenience, variety, and lower price within ease of access. From home, a consumer can check out and match one furniture brand with others, as well as retailer-by-retailer comparisons of styles and price ranges. Products will offer descriptions, customer reviews, width, and height measurements, and an AR app too so consumers can visualize how it would blend in with their other home furnishings. Thus, digitizing in shopping has enabled retailers to reach out to a wider audience, thusly augmenting sales and expansion in markets.

New trends that appear to shape the Vietnam furniture market are sustainability and personalization. Eco-friendly furniture is increasingly present in the demand of consumers and international market regulations. Various furniture manufacturers are now turning to sustainable resource purchases and environment-friendly production processes. Consumers also look for personalized furniture designs to their specific styles and space requirements, thus leaning toward customization. The trend is most pronounced in urban areas where space optimization becomes imperative, and multifunctional furniture is used. Manufacturers have thus keyed into these consumer demands through innovative, well-tailored personalized solutions.

Download sample copy of the Report: https://www.imarcgroup.com/vietnam-furniture-market/requestsample

Vietnam Furniture Industry Segmentation:

The report has segmented the market into the following categories:

Application Insights:

• Home Furniture
• Office Furniture
• Hospitality Furniture
• Others
   

Material Insights:

• Wood
• Metal
• Plastic
• Others
   

Distribution Channel Insights:

• Home Centers
• Flagship Stores
• Specialty Stores
• Online
• Others
   

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=15024&flag=C

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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