Vietnam Smart Furniture Market Analysis

Name: Vietnam Smart Furniture Market Analysis | 2024-2030
Creator: Next Move Strategy Consulting
Published: 2025-07-29T05:30:00+05:30

Vietnam Smart Furniture Market by Product Type (Smart Tables & Desks, Smart Stools & Benches, Smart Chairs, and Smart Beds), by End-user (Residential, and Commercial), and by Distribution Channel (B2C/Retail, and Contract) – Opportunity Analysis and Industry Forecast, 2024–2030

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Vietnam Smart Furniture Market Overview

The Vietnam Smart Furniture Market size was valued at USD 13.5 million in 2023, and is expected to reach USD 26.6 million by 2030, with a CAGR of 10.2% from 2024 to 2030. Smart furniture refers to modern furnishings and fixtures designed with embedded technology, sensors, and connectivity features that enhance their functionality, convenience, and usability.

These pieces of furniture are equipped with the ability to interact with users and adapt to various needs, often through remote control, via smartphone apps, or voice-activated virtual assistants. Smart furniture improves comfort, efficiency, and user experience in living, working, or recreational spaces by integrating elements such as adjustable settings, built-in charging capabilities, environmental sensors, and connectivity with other smart devices.

Rising Demand for Space-Saving and Multi-Functional Furniture in Vietnam’s Smart Furniture Market

Vietnam’s rapid urbanization—particularly in Ho Chi Minh City, Hanoi, and Da Nang—continues to drive demand for space-efficient interior solutions. As young professionals and families increasingly move into high-density residential complexes, the need to maximize limited square footage becomes paramount. Smart furniture that can fold away, expand, or transform (e.g., a wall-mounted desk that converts into shelving, or a bed that stows under the ceiling when not in use) directly addresses these constraints. Beyond private homes, co-living spaces and serviced apartments are also specifying multi-functional, tech-enabled furnishings to appeal to mobile tenants and digital nomads. In effect, space-saving features are no longer a “nice-to-have” but a baseline requirement for many urban households.

Increasing Disposable Income Fuels Growth in Vietnam’s Smart Furniture Market

Rising disposable incomes across Vietnam are playing a crucial role in driving the growth of the smart furniture market. As more individuals and families experience improved financial stability, they are more willing to invest in innovative furniture solutions that enhance comfort, convenience, and lifestyle efficiency. This increase in purchasing power is enabling a broader segment of the population to access smart furniture, which was previously considered a premium product.

With greater affordability, consumers are increasingly prioritizing quality and functionality in their home furnishings. The ability to afford advanced features like wireless charging, automated adjustments, and connectivity options is making smart furniture more attractive to Vietnamese households. This trend is expected to continue as incomes rise further, supporting sustained growth and innovation in the country’s smart furniture market.

High Cost and Affordability Challenges Restrain Vietnam’s Smart Furniture Market

The incorporation of advanced technologies and smart features into furniture significantly increases production costs, making smart furniture relatively expensive compared to traditional options. This high price point poses a major challenge for many potential buyers in Vietnam, especially among budget-conscious consumers who prioritize affordability over technological enhancements. As a result, the cost factor acts as a barrier that limits the widespread adoption of smart furniture across different segments of the market.

In a price-sensitive market like Vietnam, where a significant portion of consumers still focus on value for money, the premium pricing of smart furniture restricts its penetration, particularly in lower-income groups. Until production costs decrease and more affordable options become available, the growth of the smart furniture market may be somewhat restrained despite increasing awareness and demand for technologically advanced products.

Advancements in Home Automation Technology to Drive Future Growth in Vietnam’s Smart Furniture Market

Rapid progress in home automation technology is set to unlock significant opportunities for Vietnam’s smart furniture industry. As smart furniture becomes more seamlessly integrated with broader smart home ecosystems—such as voice-controlled assistants, smart lighting, and climate control systems—it offers greater convenience and usability to a wide range of consumers, regardless of their technical expertise. This integration enhances the overall smart home experience, making smart furniture an increasingly attractive option for Vietnamese homeowners.

Moreover, the collaboration between smart furniture and home automation technologies supports energy efficiency and sustainability, which are growing priorities for many consumers. By contributing to eco-friendly living environments through features like automated energy management, smart furniture aligns with global trends toward greener lifestyles. As user-friendly, stylish, and environmentally conscious smart furniture options continue to emerge, the market in Vietnam is well-positioned for robust growth in the coming years.

Competitive Landscape

Several market players operating in the Vietnam smart furniture industry include Herman Miller, Inc., Inter IKEA Systems B.V., Jager Furniture Manufacturer, Nghia Son Furniture, SMARTFURNITURE VIETNAM, SMHome Smart Furniture, Trimble Inc., Vietnam Smart Electronic Production Co.,Ltd, VIXFURNITURE COMPANY CO,LTD, and XHOME VIETNAM CORPORATION.

Vietnam Smart Furniture Market Key Segments

By Product Type

Smart Tables & Desks
Smart Stools & Benches
Smart Chairs
Smart Beds

By Enduser

Residential
Commercial

By Distribution Channеl

B2C/Retail
- Big‑box/Home Centers
- Specialty Furniture Stores
- E‑commerce
Contract (B2B Projects & Fit‑Outs)

Key Players

Herman Miller, Inc.
Inter IKEA Systems B.V.
Jager Furniture Manufacturer
Nghia Son Furniture
SMARTFURNITURE VIETNAM
SMHome Smart Furniture
Trimble Inc.
Vietnam Smart Electronic Production Co.,Ltd
VIXFURNITURE COMPANY CO,LTD
XHOME VIETNAM CORPORATION

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 13.5 Million
Revenue Forecast in 2030	USD 26.6 Million
Growth Rate	CAGR of 10.2% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Million (USD)
Growth Factors	Rising Demand for Space-Saving and Multi-Functional Furniture in Vietnam’s Smart Furniture Market Increasing Disposable Income Fuels Growth in Vietnam’s Smart Furniture Market
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

1. 1.1 REPORT DESCRIPTION
2. 1.2 RESEARCH METHODOLOGY
3. 1. 1.2.1 SECONDARY RESEARCH
  2. 1.2.2 DATA ANALYSIS FRAMEWORK
  3. 1.2.3 MARKET SIZE ESTIMATION
  4. 1.2.4 FORECASTING
  5. 1.2.5 PRIMARY RESEARCH AND DATA VALIDATION

1. 2.1. MARKET SNAPSHOT, 2024 - 2030, MILLION USD

1. 3.1 BARGAINING POWER OF SUPPLIERS
2. 3.2 BARGAINING POWER OF BUYERS
3. 3.3 DEGREE OF COMPETITION
4. 3.4 THREAT OF SUBSTITUTE
5. 3.5 THREAT OF NEW ENTRANTS

1. 4.1 MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2024

1. 5.1 GROWTH DRIVERS
2. 1. 5.1.1 DRIVER 1
  2. 5.1.2 DRIVER 2
  3. 5.1.3 DRIVER 3
  4. 5.1.4 DRIVER 4
3. 5.2 CHALLENGES
4. 1. 5.2.1 CHALLENGE 1
  2. 5.2.2 CHALLENGE 2
  3. 5.2.3 CHALLENGE 3
  4. 5.2.4 CHALLENGE 4
5. 5.3 OPPORTUNITIES
6. 1. 5.3.1 OPPORTUNITY 1
  2. 5.3.2 OPPORTUNITY 2

1. 6.1 OVERVIEW
2. 6.2 SMART TABLES AND DESKS MARKET
3. 6.3 SMART STOOLS AND BENCHES MARKET
4. 6.4 SMART CHAIRS MARKET
5. 6.5 SMART BEDS MARKET

1. 7.1 OVERVIEW
2. 7.2 RESIDENTIAL MARKET
3. 7.3 COMMERCIAL MARKET

1. 8.1 OVERVIEW
2. 8.2 B2C/RETAIL MARKET
3. 1. 8.2.1 BIG-BOX/HOME CENTERS
  2. 8.2.2 SPECIALTY FURNITURE STORES
  3. 8.2.3 E-COMMERCE
4. 8.3 CONTRACT (B2B PROJECTS AND FIT-OUTS) MARKET

1. 9.1 HERMAN MILLER, INC.
2. 1. 9.1.1 COMPANY OVERVIEW
  2. 9.1.2 COMPANY SNAPSHOT
  3. 9.1.3 OPERATING BUSINESS SEGMENTS
  4. 9.1.4 PRODUCT PORTFOLIO
  5. 9.1.5 BUSINESS PERFORMANCE
  6. 9.1.6 BUSINESS SEGMENTS
  7. 9.1.7 GEOGRAPHIC SEGMENTS
  8. 9.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.1.9 PRIMARY MARKET COMPETITORS
3. 9.2 INTER IKEA SYSTEMS B.V.
4. 1. 9.2.1 COMPANY OVERVIEW
  2. 9.2.2 COMPANY SNAPSHOT
  3. 9.2.3 OPERATING BUSINESS SEGMENTS
  4. 9.2.4 PRODUCT PORTFOLIO
  5. 9.2.5 BUSINESS PERFORMANCE
  6. 9.2.6 BUSINESS SEGMENTS
  7. 9.2.7 GEOGRAPHIC SEGMENTS
  8. 9.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.2.9 PRIMARY MARKET COMPETITORS
5. 9.3 JAGER FURNITURE MANUFACTURER
6. 1. 9.3.1 COMPANY OVERVIEW
  2. 9.3.2 COMPANY SNAPSHOT
  3. 9.3.3 OPERATING BUSINESS SEGMENTS
  4. 9.3.4 PRODUCT PORTFOLIO
  5. 9.3.5 BUSINESS PERFORMANCE
  6. 9.3.6 BUSINESS SEGMENTS
  7. 9.3.7 GEOGRAPHIC SEGMENTS
  8. 9.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.3.9 PRIMARY MARKET COMPETITORS
7. 9.4 NGHIA SON FURNITURE
8. 1. 9.4.1 COMPANY OVERVIEW
  2. 9.4.2 COMPANY SNAPSHOT
  3. 9.4.3 OPERATING BUSINESS SEGMENTS
  4. 9.4.4 PRODUCT PORTFOLIO
  5. 9.4.5 BUSINESS PERFORMANCE
  6. 9.4.6 BUSINESS SEGMENTS
  7. 9.4.7 GEOGRAPHIC SEGMENTS
  8. 9.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.4.9 PRIMARY MARKET COMPETITORS
9. 9.5 SMARTFURNITURE VIETNAM
10. 1. 9.5.1 COMPANY OVERVIEW
  2. 9.5.2 COMPANY SNAPSHOT
  3. 9.5.3 OPERATING BUSINESS SEGMENTS
  4. 9.5.4 PRODUCT PORTFOLIO
  5. 9.5.5 BUSINESS PERFORMANCE
  6. 9.5.6 BUSINESS SEGMENTS
  7. 9.5.7 GEOGRAPHIC SEGMENTS
  8. 9.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.5.9 PRIMARY MARKET COMPETITORS
11. 9.6 SMHOME SMART FURNITURE
12. 1. 9.6.1 COMPANY OVERVIEW
  2. 9.6.2 COMPANY SNAPSHOT
  3. 9.6.3 OPERATING BUSINESS SEGMENTS
  4. 9.6.4 PRODUCT PORTFOLIO
  5. 9.6.5 BUSINESS PERFORMANCE
  6. 9.6.6 BUSINESS SEGMENTS
  7. 9.6.7 GEOGRAPHIC SEGMENTS
  8. 9.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.6.9 PRIMARY MARKET COMPETITORS
13. 9.7 TRIMBLE INC.
14. 1. 9.7.1 COMPANY OVERVIEW
  2. 9.7.2 COMPANY SNAPSHOT
  3. 9.7.3 OPERATING BUSINESS SEGMENTS
  4. 9.7.4 PRODUCT PORTFOLIO
  5. 9.7.5 BUSINESS PERFORMANCE
  6. 9.7.6 BUSINESS SEGMENTS
  7. 9.7.7 GEOGRAPHIC SEGMENTS
  8. 9.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.7.9 PRIMARY MARKET COMPETITORS
15. 9.8 VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD
16. 1. 9.8.1 COMPANY OVERVIEW
  2. 9.8.2 COMPANY SNAPSHOT
  3. 9.8.3 OPERATING BUSINESS SEGMENTS
  4. 9.8.4 PRODUCT PORTFOLIO
  5. 9.8.5 BUSINESS PERFORMANCE
  6. 9.8.6 BUSINESS SEGMENTS
  7. 9.8.7 GEOGRAPHIC SEGMENTS
  8. 9.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.8.9 PRIMARY MARKET COMPETITORS
17. 9.9 VIXFURNITURE COMPANY CO,LTD.
18. 1. 9.9.1 COMPANY OVERVIEW
  2. 9.9.2 COMPANY SNAPSHOT
  3. 9.9.3 OPERATING BUSINESS SEGMENTS
  4. 9.9.4 PRODUCT PORTFOLIO
  5. 9.9.5 BUSINESS PERFORMANCE
  6. 9.9.6 BUSINESS SEGMENTS
  7. 9.9.7 GEOGRAPHIC SEGMENTS
  8. 9.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.9.9 PRIMARY MARKET COMPETITORS
19. 9.10 XHOME VIETNAM CORPORATION
20. 1. 9.10.1 COMPANY OVERVIEW
  2. 9.10.2 COMPANY SNAPSHOT
  3. 9.10.3 OPERATING BUSINESS SEGMENTS
  4. 9.10.4 PRODUCT PORTFOLIO
  5. 9.10.5 BUSINESS PERFORMANCE
  6. 9.10.6 BUSINESS SEGMENTS
  7. 9.10.7 GEOGRAPHIC SEGMENTS
  8. 9.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 9.10.9 PRIMARY MARKET COMPETITORS

TABLE 1. VIETNAM SMART FURNITURE MARKET VALUE, BY PRODUCT TYPE, 2024-2030, (MILLION USD)
TABLE 2. SMART TABLES AND DESKS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 3. SMART STOOLS AND BENCHES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 4. SMART CHAIRS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 5. SMART BEDS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 6. VIETNAM SMART FURNITURE MARKET VALUE, BY END USE, 2024-2030, (MILLION USD)
TABLE 7. RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 8. COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 9. VIETNAM SMART FURNITURE MARKET VALUE, BY DISTRIBUTION CHANNEL, 2024-2030, (MILLION USD)
TABLE 10. B2C/RETAIL, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 11. BIG-BOX/HOME CENTERS, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 12. SPECIALTY FURNITURE STORES, MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 13. E-COMMERCE , MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 14. CONTRACT (B2B PROJECTS AND FIT-OUTS), MARKET VALUE, 2024-2030, (MILLION USD)
TABLE 15. HERMAN MILLER, INC.: COMPANY SNAPSHOT
TABLE 16. HERMAN MILLER, INC.: OPERATING BUSINESS SEGMENTS
TABLE 17. HERMAN MILLER, INC.: PRODUCT PORTFOLIO
TABLE 18. HERMAN MILLER, INC.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 19. HERMAN MILLER, INC.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 20. HERMAN MILLER, INC.: KEY STRATERGY
TABLE 21. INTER IKEA SYSTEMS B.V.: COMPANY SNAPSHOT
TABLE 22. INTER IKEA SYSTEMS B.V.: OPERATING BUSINESS SEGMENTS
TABLE 23. INTER IKEA SYSTEMS B.V.: PRODUCT PORTFOLIO
TABLE 24. INTER IKEA SYSTEMS B.V.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 25. INTER IKEA SYSTEMS B.V.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 26. INTER IKEA SYSTEMS B.V.: KEY STRATERGY
TABLE 27. JAGER FURNITURE MANUFACTURER: COMPANY SNAPSHOT
TABLE 28. JAGER FURNITURE MANUFACTURER: OPERATING BUSINESS SEGMENTS
TABLE 29. JAGER FURNITURE MANUFACTURER: PRODUCT PORTFOLIO
TABLE 30. JAGER FURNITURE MANUFACTURER: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 31. JAGER FURNITURE MANUFACTURER: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 32. JAGER FURNITURE MANUFACTURER: KEY STRATERGY
TABLE 33. NGHIA SON FURNITURE: COMPANY SNAPSHOT
TABLE 34. NGHIA SON FURNITURE: OPERATING BUSINESS SEGMENTS
TABLE 35. NGHIA SON FURNITURE: PRODUCT PORTFOLIO
TABLE 36. NGHIA SON FURNITURE: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 37. NGHIA SON FURNITURE: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 38. NGHIA SON FURNITURE: KEY STRATERGY
TABLE 39. SMARTFURNITURE VIETNAM: COMPANY SNAPSHOT
TABLE 40. SMARTFURNITURE VIETNAM: OPERATING BUSINESS SEGMENTS
TABLE 41. SMARTFURNITURE VIETNAM: PRODUCT PORTFOLIO
TABLE 42. SMARTFURNITURE VIETNAM: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 43. SMARTFURNITURE VIETNAM: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 44. SMARTFURNITURE VIETNAM: KEY STRATERGY
TABLE 45. SMHOME SMART FURNITURE: COMPANY SNAPSHOT
TABLE 46. SMHOME SMART FURNITURE: OPERATING BUSINESS SEGMENTS
TABLE 47. SMHOME SMART FURNITURE: PRODUCT PORTFOLIO
TABLE 48. SMHOME SMART FURNITURE: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 49. SMHOME SMART FURNITURE: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 50. SMHOME SMART FURNITURE: KEY STRATERGY
TABLE 51. TRIMBLE INC.: COMPANY SNAPSHOT
TABLE 52. TRIMBLE INC.: OPERATING BUSINESS SEGMENTS
TABLE 53. TRIMBLE INC.: PRODUCT PORTFOLIO
TABLE 54. TRIMBLE INC.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 55. TRIMBLE INC.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 56. TRIMBLE INC.: KEY STRATERGY
TABLE 57. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: COMPANY SNAPSHOT
TABLE 58. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: OPERATING BUSINESS SEGMENTS
TABLE 59. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: PRODUCT PORTFOLIO
TABLE 60. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 61. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 62. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: KEY STRATERGY
TABLE 63. VIXFURNITURE COMPANY CO,LTD.: COMPANY SNAPSHOT
TABLE 64. VIXFURNITURE COMPANY CO,LTD.: OPERATING BUSINESS SEGMENTS
TABLE 65. VIXFURNITURE COMPANY CO,LTD.: PRODUCT PORTFOLIO
TABLE 66. VIXFURNITURE COMPANY CO,LTD.: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 67. VIXFURNITURE COMPANY CO,LTD.: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 68. VIXFURNITURE COMPANY CO,LTD.: KEY STRATERGY
TABLE 69. XHOME VIETNAM CORPORATION: COMPANY SNAPSHOT
TABLE 70. XHOME VIETNAM CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 71. XHOME VIETNAM CORPORATION: PRODUCT PORTFOLIO
TABLE 72. XHOME VIETNAM CORPORATION: SALES BY BUSINESS SEGMENTS (2022-2024)
TABLE 73. XHOME VIETNAM CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2022-2024)
TABLE 74. XHOME VIETNAM CORPORATION: KEY STRATERGY
FIGURE 7. SMART TABLES AND DESKS, MARKET VALUE, 2024-2030, (MILLION USD)

FIGURE 1. BARGAINING POWER OF SUPPLIERS
FIGURE 2. BARGAINING POWER OF BUYERS
FIGURE 3. DEGREE OF COMPETITION
FIGURE 4. THREAT OF SUBSTITUTE
FIGURE 5. THREAT OF NEW ENTRANTS
FIGURE 6. VIETNAM SMART FURNITURE MARKET VALUE, BY PRODUCT TYPE, 2024-2030, (MILLION USD)
FIGURE 7. SMART TABLES AND DESKS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 8. SMART STOOLS AND BENCHES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 9. SMART CHAIRS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 10. SMART BEDS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 11. VIETNAM SMART FURNITURE MARKET VALUE, BY END USE, 2024-2030, (MILLION USD)
FIGURE 12. RESIDENTIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 13. COMMERCIAL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 14. VIETNAM SMART FURNITURE MARKET VALUE, BY DISTRIBUTION CHANNEL, 2024-2030, (MILLION USD)
FIGURE 15. B2C/RETAIL, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 16. BIG-BOX/HOME CENTERS, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 17. SPECIALTY FURNITURE STORES, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 18. E-COMMERCE, MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 19. CONTRACT (B2B PROJECTS AND FIT-OUTS), MARKET VALUE, 2024-2030, (MILLION USD)
FIGURE 20. HERMAN MILLER, INC.: NET SALES, (2022-2024)
FIGURE 21. HERMAN MILLER, INC.: PRIMARY MARKET COMPETITORS
FIGURE 22. INTER IKEA SYSTEMS B.V.: NET SALES, (2022-2024)
FIGURE 23. INTER IKEA SYSTEMS B.V.: PRIMARY MARKET COMPETITORS
FIGURE 24. JAGER FURNITURE MANUFACTURER: NET SALES, (2022-2024)
FIGURE 25. JAGER FURNITURE MANUFACTURER: PRIMARY MARKET COMPETITORS
FIGURE 26. NGHIA SON FURNITURE: NET SALES, (2022-2024)
FIGURE 27. NGHIA SON FURNITURE: PRIMARY MARKET COMPETITORS
FIGURE 28. SMARTFURNITURE VIETNAM: NET SALES, (2022-2024)
FIGURE 29. SMARTFURNITURE VIETNAM: PRIMARY MARKET COMPETITORS
FIGURE 30. SMHOME SMART FURNITURE: NET SALES, (2022-2024)
FIGURE 31. SMHOME SMART FURNITURE: PRIMARY MARKET COMPETITORS
FIGURE 32. TRIMBLE INC.: NET SALES, (2022-2024)
FIGURE 33. TRIMBLE INC.: PRIMARY MARKET COMPETITORS
FIGURE 34. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: NET SALES, (2022-2024)
FIGURE 35. VIETNAM SMART ELECTRONIC PRODUCTION CO.,LTD: PRIMARY MARKET COMPETITORS
FIGURE 36. VIXFURNITURE COMPANY CO,LTD.: NET SALES, (2022-2024)
FIGURE 37. VIXFURNITURE COMPANY CO,LTD.: PRIMARY MARKET COMPETITORS
FIGURE 38. XHOME VIETNAM CORPORATION: NET SALES, (2022-2024)
FIGURE 39. XHOME VIETNAM CORPORATION: PRIMARY MARKET COMPETITORS

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

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In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

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We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

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We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

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We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

The key market players operating in the Vietnam smart furniture market are Herman Miller, Inc., Inter IKEA Systems B.V., Jager Furniture Manufacturer, Nghia Son Furniture, SMARTFURNITURE VIETNAM, SMHome Smart Furniture, Trimble Inc., Vietnam Smart Electronic Production Co.,Ltd, VIXFURNITURE COMPANY CO,LTD, and XHOME VIETNAM CORPORATION.

According to the Next Move Strategy Consulting, the size of the Vietnam smart furniture market is estimated to be at USD 26.6 million in 2030.

Vietnam smart furniture market is advancing into the future with seamless integration into the Internet of Things (IoT), providing heightened personalization, sustainability, and improved functionality for a connected and eco-friendly lifestyle.

One of the key challenges in the Vietnam smart furniture industry is high costs and affordability issues.

According to the Next Move Strategy Consulting, the size of the Vietnam smart furniture market is estimated at USD 13.5 million in 2023.

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