Vietnam Home Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Vietnam Home Furniture Industry Share & Demand, and It is Segmented by Type (kitchen Furniture, Living Room Furniture, Bedroom Furniture, Dining Room Furniture, and Other Types) and Distribution Channel (home Centers, Specialty Stores, Flagship Stores, Online, Different Distribution Channels). The Report Offers Market Size and Forecasts for Dishwashers in Value (USD) for the Segments.

Vietnam Home Furniture Market Size

View Global Report
Vietnam Home Furniture Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 5.37 Billion
Market Size (2029) USD 7.08 Billion
CAGR (2024 - 2029) 5.70 %
Market Concentration Low

Major Players

Vietnam Home Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Vietnam Home Furniture Market Analysis

The Vietnam Home Furniture Market size is estimated at USD 5.37 billion in 2024, and is expected to reach USD 7.08 billion by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).

Vietnam has become a preferred location to set up furniture factories and is a significant base for furniture exports. Furniture from Vietnam is now exported to over 120 countries, of which the main markets are the United States, the United Kingdom, Canada, Australia, and Japan. Vietnamese furniture is also exported to China. Vietnamese consumers use a wide range of furniture products, with wooden furniture being the most common. Vietnam’s indoor and outdoor furniture industry continues to stay strong, and it is expected to remain the same in the coming years. Compared to other large furniture exporters in the world, Vietnam’s furniture industry holds production advantages in terms of the potential to expand its global market share. Furthermore, with the increasing urbanization and construction of houses, apartments, and buildings, the Vietnamese home furniture market is expected to grow during the forecast period.

The post-COVID scenario of the Vietnam home furniture market has been promising, with a steady rebound in demand as restrictions ease. The market is gradually recovering and showing positive signs.

Vietnam Home Furniture Market Trends

Rise in Kitchen Furniture Segment

The kitchen furniture segment includes fitted kitchen units and other wooden furniture. The kitchen furniture segment is driven by increasing urbanization and remodeling of residential kitchens. Modular kitchen trends also lead to higher investments in kitchen furniture in the Vietnamese home furniture market. Hoi An, in North Vietnam, is famous for offering kitchen and sophisticated hand-made kitchenware products made of bamboo or coconuts, such as plate mats, wine holders, coconut bowls, and porcelain spoons.

Vietnam Home Furniture Market: Revenue in Kitchen Furniture Market, Vietnam, USD Million, 2018-2022

Rise in Furniture Exports From Vietnam

The industry’s strong export growth is attributed to Vietnam’s existing free trade agreements (FTAs) and ongoing trade negotiations, which provide opportunities for manufacturers of furniture and other wooden products to enhance competitiveness and boost sales.

Vietnam offers competitive labor costs compared to many other countries, including traditional manufacturing hubs like China. This cost advantage has attracted foreign investment and encouraged the establishment of furniture manufacturing facilities in Vietnam. Lower production costs enable Vietnamese manufacturers to offer competitive prices in the international market, making their products attractive to buyers worldwide. Vietnam has actively pursued and entered into various trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union-Vietnam Free Trade Agreement (EVFTA). These agreements have reduced trade barriers and provided Vietnamese furniture exporters with preferential access to key markets, including the United States, Canada, Japan, and the European Union. The improved market access has stimulated furniture exports and created opportunities for market expansion.

Vietnam Home Furniture Market: Exports of Wood and Wooden Products, Vietnam, USD Billion, 2018-2022

Vietnam Home Furniture Industry Overview

The Vietnam Home Furniture is highly fragmented with many players. The report covers significant manufacturers and Vietnamese players operating in the Vietnamese home furniture market. Regarding market share, some crucial players currently dominating the market are AA Corporation, Duc Thanh Wood Processing JSC, Truong Thanh Furniture Corporation, Bo Concept, and Ashley Furniture. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Local manufacturers face stiff competition from luxurious foreign brands entering the market, which might increase competition for existing players.

Vietnam Home Furniture Market Leaders

  1. AA Corporation

  2. Duc Thanh Wood Processing JSC

  3. Truong Thanh Furniture Corporation

  4. Bo Concept

  5. Ashley Furniture

*Disclaimer: Major Players sorted in no particular order

Vietnam Home Furniture Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Vietnam Home Furniture Market News

  • August 2023: Danish furniture brand JYSK expanded to Hanoi, Vietnam, and opened a new store in the Indochina Plaza Hanoi Residences in the capital city.
  • October 2022: World-renowned furniture company Wendelbo opened its first Vietnamese showroom. After more than a decade of producing goods in Vietnam, Wendelbo, a high-end interior brand, opened a store, a five-story showroom in Saigon.

Vietnam Home Furniture Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Home Renovation and Interior Design Services is Driving the Market

    3. 4.3 Market Restraints/Challenges

      1. 4.3.1 Economic Fluctuations

    4. 4.4 Market Opportunities

      1. 4.4.1 Opportunities in Smart Furniture Products

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technological Innovations in the Vietnamese Home Furniture Market

    7. 4.7 Impact of COVID-19 on the Market


    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living-room Furniture

      3. 5.1.3 Dining-room Furniture

      4. 5.1.4 Bedroom Furniture

      5. 5.1.5 Other Furnitures

    2. 5.2 By Distribution Channel

      1. 5.2.1 Home Centers

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Flagship Stores

      4. 5.2.4 Online

      5. 5.2.5 Other Distribution Channels


    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 AA Corporation

      2. 6.2.2 Duc Thanh Wood Processing JSC

      3. 6.2.3 Truong Thanh Furniture Corporation

      4. 6.2.4 BO Concept

      5. 6.2.5 Ashley Furniture Industries

      6. 6.2.6 Min Duong Furniture Corporation

      7. 6.2.7 Woodnet

      8. 6.2.8 Kaiser Furniture

      9. 6.2.9 Nitori Furniture

      10. 6.2.10 Hoang MOC Furniture

      11. 6.2.11 Cam Ha Furniture*

    3. *List Not Exhaustive
  7. *List Not Exhaustive


You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Vietnam Home Furniture Industry Segmentation

Furniture is an item or furnishings that complements a room at home; the furniture is home furniture. The report also covers a complete background analysis of the Vietnam home furniture market, a market overview of key segments and emerging trends in the market segments, market dynamics, insights, and key statistics. 

Vietnam Home Furniture Market is segmented by type (kitchen furniture, living room furniture, bedroom furniture, dining room furniture, and other types) and distribution channel (home centers, specialty stores, flagship stores, online, and distribution channels). 

The report offers market size and forecasts for dishwashers in value (USD) for the segments.

By Type
Kitchen Furniture
Living-room Furniture
Dining-room Furniture
Bedroom Furniture
Other Furnitures
By Distribution Channel
Home Centers
Specialty Stores
Flagship Stores
Other Distribution Channels
Need A Different Region Or Segment?
Customize Now

Vietnam Home Furniture Market Research Faqs

The Vietnam Home Furniture Market size is expected to reach USD 5.37 billion in 2024 and grow at a CAGR of 5.70% to reach USD 7.08 billion by 2029.

In 2024, the Vietnam Home Furniture Market size is expected to reach USD 5.37 billion.

AA Corporation, Duc Thanh Wood Processing JSC, Truong Thanh Furniture Corporation, Bo Concept and Ashley Furniture are the major companies operating in the Vietnam Home Furniture Market.

Vietnam Home Furniture Industry Report

Statistics for the 2024 Vietnam Home Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Home Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Vietnam Home Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)