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The Vietnam Home Furniture Market is segmented by Type and Distribution Channel.
The Vietnamese home furniture market is expected to register a CAGR of 5%, during the forecast period.
A complete background analysis of the Vietnamese home furniture market, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.
|Living-room and Dining-room Furniture|
|By Distribution Channel|
|Supermarkets & Hypermarkets|
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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. Kitchen furniture and fixtures are gaining momentum, in terms of investments, with consistent growth in the hotel industry, which in turn, thrives on rise in travel and tourism.
The revenue of the kitchen furniture segment was valued at USD 0.6 billion in 2015 in Vietnam. Globally, the kitchen furniture segment generated most of its revenue from the United States in 2015.
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In 2017, the export value of timber, furniture, and non-timber forest products in Vietnam was about USD 8 billion. Specifically, export value of furniture was valued at USD 7.6 billion.
In 2018, the export value of timber, furniture, and non-timber forest products was USD 9 billion.
Timber and furniture have become the sixth-largest export category in Vietnam, accounting for 6% of the world market share.
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 their competitiveness and boost sales.
The main challenge for the manufacturers of furniture and other wooden products is the shortage of raw materials amid the closure of natural forests and the other measures being implemented by various countries to protect their timber resources.
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The report covers major international players operating in the Vietnamese home furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.5 Trends Influencing the Vietnamese Home Furniture Market
4.6 Value Chain Analysis of the Vietnamese Home Furniture Market
4.7 Porter's Five Forces Analysis
4.8 Technological Innovations
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Kitchen Furniture
5.1.2 Living-room and Dining-room Furniture
5.1.3 Bedroom Furniture
5.1.4 Other Furniture
5.2 By Distribution Channel
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
6. COMPANY PROFILES
6.1 AA Corporation
6.2 Anh Viet Furniture
6.3 Cam Ha Furniture
6.4 Duc Thanh Wood Processing JSC
6.5 Green River Woods Vietnam
6.6 Hoang Phat Company Ltd
6.7 International Furniture Corporation
6.8 Johnson Wood Products
6.9 Kaiser Furniture
6.10 Quoc Thang
6.12 Williams-Sonoma, Inc
6.13 Nitori Co., Ltd
6.14 Ashley Furniture Industries, Inc.*
7. FUTURE OF THE VIETNAMESE HOME FURNITURE MARKET
** Subject to Availability