Product Code: ETC019670 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam household furniture market experienced significant growth between 2025 and 2031. The market`s expansion can be attributed to factors such as urbanization, rising disposable income, and changing lifestyle preferences. As Vietnam urban population increased, more individuals and families sought modern and functional furniture solutions for their homes. Additionally, the country`s improving economy and higher purchasing power allowed consumers to invest in quality furniture products, driving market demand.
Several key drivers contributed to the growth of the household furniture market in Vietnam. Firstly, the rapid urbanization and construction of new residential properties led to a higher demand for furniture to furnish homes and apartments. Secondly, the country`s young and aspirational population sought trendy and aesthetically pleasing furniture designs, influencing consumer preferences. Moreover, the availability of affordable and diverse furniture options from both domestic and international brands contributed to market growth.
Despite the positive growth trends, the Vietnam household furniture market faced certain challenges. One significant challenge was the competition from low-cost imports of furniture products from other countries, which impacted domestic manufacturers. Additionally, the lack of skilled labor and experienced craftsmen posed challenges for furniture manufacturers to produce high-quality and intricately designed pieces. Furthermore, fluctuations in raw material prices and currency exchange rates affected the cost structure for furniture producers.
The Covid-19 pandemic, which emerged in 2025, had a notable impact on the household furniture market in Vietnam. During the initial phases of the pandemic, consumer spending on non-essential items, including furniture, experienced a decline. The closure of retail stores and movement restrictions also affected furniture sales. However, as the country gradually eased restrictions and adapted to the new normal, the market began to recover. With people spending more time at home, the demand for furniture, especially home office furniture and functional storage solutions, increased.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Household furniture Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Household furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Household furniture Market - Industry Life Cycle |
3.4 Vietnam Household furniture Market - Porter's Five Forces |
3.5 Vietnam Household furniture Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Vietnam Household furniture Market Revenues & Volume Share, By Area of Use, 2021 & 2031F |
4 Vietnam Household furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Household furniture Market Trends |
6 Vietnam Household furniture Market, By Types |
6.1 Vietnam Household furniture Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Household furniture Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Vietnam Household furniture Market Revenues & Volume, By Wood Furniture, 2021-2031F |
6.1.4 Vietnam Household furniture Market Revenues & Volume, By Metal Furniture, 2021-2031F |
6.1.5 Vietnam Household furniture Market Revenues & Volume, By Plastic Furniture, 2021-2031F |
6.1.6 Vietnam Household furniture Market Revenues & Volume, By Others, 2021-2031F |
6.2 Vietnam Household furniture Market, By Area of Use |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Household furniture Market Revenues & Volume, By Bedroom Furniture, 2021-2031F |
6.2.3 Vietnam Household furniture Market Revenues & Volume, By Living Room Furniture, 2021-2031F |
6.2.4 Vietnam Household furniture Market Revenues & Volume, By Dining Room Furniture, 2021-2031F |
6.2.5 Vietnam Household furniture Market Revenues & Volume, By Household Furniture, 2021-2031F |
6.2.6 Vietnam Household furniture Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Household furniture Market Import-Export Trade Statistics |
7.1 Vietnam Household furniture Market Export to Major Countries |
7.2 Vietnam Household furniture Market Imports from Major Countries |
8 Vietnam Household furniture Market Key Performance Indicators |
9 Vietnam Household furniture Market - Opportunity Assessment |
9.1 Vietnam Household furniture Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Vietnam Household furniture Market Opportunity Assessment, By Area of Use, 2021 & 2031F |
10 Vietnam Household furniture Market - Competitive Landscape |
10.1 Vietnam Household furniture Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Household furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |