Vietnam Furniture Market

Vietnam Furniture Market Overview:

Vietnam furniture market size reached USD 1.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.70% during 2025-2033. The growing demand for residential furniture in Vietnam, driven by the expanding middle class, rapid growth in the tourism and hospitality industries, and the increasing use of e-commerce platforms for furniture sales, is one of the key drivers contributing to the Vietnam furniture market share. Additionally, World Furniture Online highlights Vietnam as the 6th largest furniture producer and the 2nd largest exporter globally.

Furniture refers to a broad category of movable objects designed to support various human activities and enhance the functionality and aesthetics of interior spaces. It encompasses a wide range of items, including chairs, tables, sofas, beds, cabinets, and shelves. Furniture serves both utilitarian and decorative purposes, providing comfort, storage, and organization while contributing to the overall design and ambiance of a room. Throughout history, furniture has evolved in terms of design, materials, and craftsmanship, reflecting cultural, technological, and artistic trends of the time. Materials commonly used in furniture production include wood, metal, plastic, and upholstery fabrics. Furniture can be categorized into residential, office, outdoor, and specialized furniture for specific settings like healthcare or hospitality. The choice of furniture can profoundly impact the comfort and functionality of a living or working space, making it an integral element of interior design and everyday life. Whether for relaxation, work, dining, or storage, furniture plays a pivotal role in shaping the way we interact with our environment. At present, furniture is widely available in various styles, materials, and sizes, catering to diverse consumer needs and interior design preferences across Vietnamese furniture industry. 

Vietnam Furniture Market Trends:

The Vietnam furniture market 2024 is witnessing considerable expansion, driven by fast urbanization and the country's growing middle-class population, which has increased demand for residential furniture as more people invest in home furnishings. Furthermore, the fast expansion of the tourism and hospitality sectors has increased the need for commercial furniture, such as hotels, restaurants, and office spaces, as Vietnam has become a major tourist and business destination, boosting market growth. Aside from that, the increasing use of e-commerce platforms for furniture retail creates new distribution channels and reaches a larger client base in Vietnam, accelerating industry growth. Additionally, a key growth-inducing aspect is a number of favorable government programs aimed at promoting the country as a furniture manufacturing and export powerhouse that draws foreign investment. Along with this, the rising trend for eco-friendly and sustainable furniture solutions, driven by changing customer preferences for ecologically responsible items, is propelling market expansion. Aside from that, rising furniture sales in Vietnam, driven by an increased emphasis on interior aesthetics and home repair initiatives, have fueled market expansion. Furthermore, continual developments in design, materials, and production processes allow furniture producers to offer novel and competitively priced items, which contributes to market expansion. Other factors, including changing lifestyle preferences that encourage consumers to invest in modern and stylish furniture, the rapid growth of real estate development projects, and rising Vietnam office furniture market opportunities, are also anticipated to drive the market further.

In recent years, the development of new technologies has transformed the way furniture is produced and designed in Vietnam. This transformation has contributed significantly to the growth of the Vietnam furniture factory sector. The implementation of more advanced machinery and innovative design processes has allowed manufacturers to produce high-quality furniture that meets international standards, all while reducing production costs. This has made Vietnam an attractive location for international companies looking to source furniture, further boosting its position in the global market.

The furniture market in Vietnam is increasingly competitive, with numerous local and international players entering the scene to capitalize on the growing demand. Domestic brands are making strides in developing innovative products that cater to both functional needs and aesthetic preferences. Meanwhile, global companies are also exploring the vast potential of the market, establishing partnerships with local manufacturers to expand their presence. This competitive environment is expected to continue to foster innovation and high standards in the industry, benefiting consumers and the overall market.

Vietnam is also emerging as a major player in global trade, as evidenced by the growing Vietnam furniture export statistics, which highlight the country's success in exporting furniture to various international markets. The nation's strategic location in Southeast Asia, coupled with its skilled workforce and relatively low labor costs, makes it an attractive destination for international companies seeking affordable yet high-quality furniture. With the government's continued push to enhance the export sector and expand trade agreements, the potential for Vietnam to increase its share in the global furniture market looks promising.

Overall, the furniture industry in Vietnam is on track for continued growth, fueled by technological advancements, changing consumer preferences, and an expanding global presence. As the industry adapts to new trends and demands, it is expected to play an increasingly significant role in shaping the future of global furniture markets.

Vietnam Furniture Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on application, material, and distribution channel.

Application Insights:

• Home Furniture
• Office Furniture
• Hospitality Furniture
• Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes home furniture, office furniture, hospitality furniture, and others.

Material Insights:

• Wood
• Metal
• Plastic
• Others

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes wood, metal, plastic, and others.

Distribution Channel Insights:

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

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes home centers, flagship stores, specialty stores, online, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Vietnam Furniture Manufacturers:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Furniture Industry News in 2025:

• In July 2025, a virtual seminar hosted by the Vietnam Trade Office in India focused on helping Vietnamese businesses navigate the process of establishing a legal presence in India. Nearly 100 Vietnamese companies from sectors like food, seafood, electronics, and furniture participated. Vietnam's Trade Counsellor in India, Bùi Trung Thướng, highlighted the opportunities for Vietnamese firms in India, given its status as the world’s fourth-largest economy with a rapidly expanding middle class.
• In May 2025, the Vietnam Furniture Association launched Trend 26+, the first trend publication for Vietnam's furniture market, covering 2026-30. Published biennially, it aims to shape interior architecture trends. The magazine is compiled by top domestic and international experts, with professional support from the Vietnam Interior Design Association and the Vietnam Association of Architects.

Vietnam Furniture Market Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam furniture market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam furniture market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam furniture industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.