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The Vietnam Home Furniture Industry Report 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.
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The Vietnam Kitchen Furniture Market Report is Segmented by Furniture Type (Kitchen Cabinets, Kitchen Chairs, Kitchen Tables, and Other Furniture Types) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the Vietnam Kitchen Furniture Market in Value (USD) for all the Above Segments.
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The size of the Vietnam Furniture Market was valued at USD 1.47 Million in 2023 and is projected to reach USD 2.11 Million by 2032, with an expected CAGR of 5.33% during the forecast period. Furniture goes beyond the mere aesthetic, holding true functional appeal in our homes. From where we are going to sit on the chair and even where we are sleeping in the bed, it provides comfort and functionality; as it does more often adorn the personal styles. In Vietnam, the furniture market grew much in the recent past due to some or the other array of reasons like economic development, increasing disposable incomes, and greater emphasis on home decor. Vietnam has emerged as a giant in the world furniture-making industry where the highest quality is combined with the lowest prices. The country boasts a very rich history of craftsmanship, where skilled artisans produce diversified furniture styles, ranging from traditional Vietnamese designs to modern items influenced by international trends. Because of abundant timber resources, as well as good business environment, Vietnam has become an attractive destination for furniture manufacturing and exportation. Recent developments include: September 2023: International firms are rapidly expanding into the Vietnam furniture industry as a result of lower tariffs, an easy trading environment, convenient logistic services, and a wide range of materials for manufacturing furniture in the country. Denmark’s JYSK and BoConcept are the leading international players in this expansion. The international players are aiming to establish their manufacturing plants as well as to capture the Vietnamese furniture retail chain., July 2023: AA Corporation completed the interior fit-out works, supplying and installing millwork and loose furniture at the Regent Phu Quoc resort. The resort has 176 suites and 126 villas with spacious rooms, and AA Corporation has supplied luxurious furniture for these rooms and suits. For this project, the company has provided mixed-use furniture development comprising luxury residences and a hotel., January 2022: IKEA improved its e-commerce capabilities after having difficulty adapting after the pandemic. This was expected to improve its exports and imports across the globe and in Vietnam.. Key drivers for this market are: The higher demand for space-saving and modular furniture solutions, Increasing demand for luxurious home furniture. Potential restraints include: Growing Demand for Second-hand furniture, High labor costs. Notable trends are: Bedroom Furniture is Driving the Market.
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The Vietnamese furniture and parts thereof market was finally on the rise to reach $1.2B in 2024, after four years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. As a result, consumption reached the peak level of $4.3B. From 2017 to 2024, the growth of the market remained at a lower figure.
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The Vietnamese plastic furniture market declined to $22M in 2024, which is down by -12.4% against the previous year. Overall, consumption recorded a abrupt slump. As a result, consumption attained the peak level of $78M. From 2016 to 2024, the growth of the market remained at a lower figure.
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The Vietnam office furniture market is projected to grow at a CAGR of 7.80% in the forecast period of 2025-2034.
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The APAC Home Furniture Market is Segmented by Product (living-Room and Dining-Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, Plastic, and Other Furniture), by Distribution Channel (supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), and by Country (Japan, India, China, Indonesia, Vietnam, Australia and Others). The Market Size and Forecasts are Provided in Terms of Value (USD Billion) for all the Above Segments.
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In 2024, after three years of growth, there was significant decline in the Vietnamese wooden office furniture market, when its value decreased by -24% to $828M. In general, consumption, however, posted a temperate increase. As a result, consumption reached the peak level of $1.1B, and then declined sharply in the following year.
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The Asia-Pacific Kitchen Furniture Market Report is Segmented by Type (Kitchen Cabinets, Kitchen Chairs, Kitchen Tables and Other Types), by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, and Other Distribution Channels), by End-User (Residential and Commercial), and by Geography (India, China, Japan, South Korea, Thailand, Indonesia, Vietnam and Rest of Asia-Pacific). The Report Offers Market Size and Forecasts for Asia-Pacific Kitchen Furniture Market in Value (USD) for all the Above Segments.
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As per Cognitive Market Research's latest published report, the Global Kiln Furniture market size will be $270.96 Million by 2028. Kiln Furniture Industry's Compound Annual Growth Rate will be 11.06% from 2023 to 2030
The North America Kiln Furniture market size will be USD 69.77 Million by 2028.
What is Driving Kiln Furniture Market?
Rising demand for residential construction industry due to urbanization
The global construction industry has been growing at a steady pace in the last few years. Increasing economic growth is expected to fuel investments in new buildings and the improvement of existing facilities. In the US, the spending on the private sector’s construction activities is expected to reach around 1 billion by 2021. The building and construction sector are one of the largest sectors in the world economy. Building & construction industry spending worldwide amounted to 11.4 trillion U.S. dollars. Building & construction expenditures are expected to reach 14 trillion U.S. dollars in 2025. The key trend in the global building and construction industry is the significant growth of the emerging markets such as India, China, Vietnam, Australia, and Indonesia.
The constructed industry is expect to boom in the following years due to several factors such as developing national economies, enchantment in spending habits, growing urbanizations adoption of superior quality life, increasing number of nuclear families are factors that contribute to the growth of residential and commercial construction industries. The UK government is also investing in Affordable Homes Programme where it will construct new affordable homes which boost the market of residential buildings in UK. On august 2021 Ministry of Housing, Communities & Local Government has release press stating that nearly 120,000 new homes will be built as part of the largest single investment in affordable housing in a decade.
As a ceramic is a refractory material which is resistant to decomposition by heat, pressure, or chemical attack, and retains strength and form at high temperatures. This, it is widely used material in the kitchen countertops, kitchenware and cookware for cooking, storing, and serving food etc. The ceramic tiles are also used to decorate the floors which make home more attractive. Nowadays people are also fond-of decorating their home with several decorative pottery items, such as statuettes, vase, flowerpot and designer pottery which are mostly made of ceramic. Moreover, ceramic is used in several other application such as refractory bricks, lighting fixtures, roof tiles, garden items among others as ceramic is harder than conventional structure metal, as well as inexpensive, easily available, and corrosion resistance.
Furthermore, increasing popularity of modular and prefabricated components at residential areas has enhanced the use of ceramic products. Manufacturing of the ceramic is widely associated with the use of kiln furniture as it is widely used in manufacturing of tiles, tableware, and sanitary ware. Hence as the residential and commercial construction increases, the demand of sanitary ware, kitchen ware, ceramic decorative are also expected to increase. This results in the acceleration of kiln furniture market around the globe.
Restraints for Kiln Furniture Market
High replacement rate results in increase in the operational cost.(Access Detailed Analysis in the Full Report Version)
Opportunities for Kiln Furniture Market
Technological innovation and emerging market.(Access Detailed Analysis in the Full Report Version)
What is Kiln Furniture?
Kiln furniture is the equipment used to support ceramics within the furnace and to provide extra room for firing. Kiln furniture is used for the manufacturing of specific parts, such as ceramic or metal components, for heating operations. Furniture in the kiln is sturdy, thermally resistant, lightweight, and capable of withstanding not just intense operational temperatures, but also the stress of frequent heating and cooling. This furniture plays important role in the heat management of the furnace. The furniture in the kiln carries the load and is designed to avoid the deformation and sticking of components. The charge's interaction with the furnace atmosphere is also highly influenced by the kiln furniture. The charge must also be warmed and refreshed as uniformly a...
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The Vietnamese plastic furniture fittings market surged to $399M in 2024, jumping by 25% against the previous year. Overall, consumption continues to indicate tangible growth. Over the period under review, the market attained the maximum level at $480M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.
In 2023, the value of wood and wooden products exports from Vietnam reached over 13.5 billion U.S. dollars. Compared to the year before, the value of exports of wood and wooden products decreased by roughly 2.5 billion U.S. dollars. The export value of these products had been growing steadily within the observed period.
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In 2017, imports of furniture of materials other than metal, wood or plastic in Vietnam totaled X tons, increasing by X% against the previous year. Overall, imports of furniture of materials other than metal, wood or plastic continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2015, when the imports increased by X% from the previous year.
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The Vietnam OOH and DOOH Market Report is Segmented by Type (Static OOH [Traditional] and Digital OOH [Programmatic OOH and Others]), Application (Billboard, Transportation [Airports and Others (Buses, Etc. )], Street Furniture, and Other Place-Based Media), and End-User Industry (Automotive, Retail and Consumer Goods, Healthcare, BFSI, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above Segments.
In 2016, furniture exports in Vietnam made up eight percent of the global exports in the sector. After successive increases, furniture exports in Vietnam rose to 17 percent of the sectorial global exports in 2022. Similarly, footwear exports in Vietnam increased from 12 percent of the sector's global exports in 2016 to 16 percent in 2022.
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The Vietnamese metal office furniture market fell slightly to $302M in 2024, which is down by -5% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Metal office furniture consumption peaked at $394M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.
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The Vietnam Ecommerce Market Report is Segmented Into B2C E-Commerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverage, Furniture and Home) and B2B E-Commerce. The Market Size and Forecasts are Provided in Terms of Value in USD for all the Above Segments.
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The size of the Vietnam DIY Home Improvement Market market was valued at USD 12.8 Million in 2023 and is projected to reach USD 17.8 Million by 2032, with an expected CAGR of 5.00">> 5.00% during the forecast period. The Vietnam DIY refers to home improvement products and tools used in improving or remodeling one’s house or home that involves personal effort. Products in this market can be as diverse as paints, floorings, furniture and hardware as well as decorative items. Some of the commonplaces these products are used for painting walls, putting up new fixtures or even redecorating rooms. The market is gradually focused on adopting products and services that provide customized and affordable solutions to homeowners’ improvements. Some of these trends include increased use of internet purchasing, the use of the green product and fabrics with increased consciousness in environmental factors, and the increased interest in DIY projects as seen in the use of home makeover programs in television and social media. Furthermore, by local and global companies, home improvement products are appearing in more and more remote areas to address a wide variety of home improvement needs. Recent developments include: In September 2022, the Japan-based DIY retailer Kohnan Japan Long Bien opened its 10th store in the Aeon Mall in Hanoi City, Vietnam. The store provides products such as outdoor goods, miscellaneous indoor goods, and tableware. Kohnan also has its own brands - Southernport and Lifelex. It is planning to manufacture unique products in collaboration with local Vietnamese companies., In November 2021, Andersen Corporation, the manufacturer of America's most-loved brand of windows and doors. Andersen published its first Environmental Product Declaration (EPD) for the Andersen E-Series casement/awning, double-hung, gliding, and picture windows.. Key drivers for this market are: Increasing Residential and bedroom spaces driving the market, Rising Personal Consumer Consumption expenditure. Potential restraints include: Rising demand for Mattress Bases are limited to the young generation age., Negative impact of Supply chain disruption and Inflation on the market post covid. Notable trends are: Increasing Focus on Online Retailing of DIY Products is Driving the Market in Vietnam.
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In 2024, the Vietnamese sewing machine furniture market was finally on the rise to reach $66M after two years of decline. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2024: its value increased at an average annual rate of +1.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -45.9% against 2017 indices.
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Vietnam Plastic Market By Product Type, By Technology and By Application-Trends, Analysis and Forecast till 2030
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The Vietnam Home Furniture Industry Report 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.