Vietnam Smart Furniture Market by Product Type (Smart Chairs, Smart Desks, Smart Beds, Smart Sofas, Other Product Type), by Technology (IoT-Enabled, AI-Driven & Voice Controlled, Wireless Charging Enabled, Sensor-integrated, Electrically Adjustable), by Price Range (Economy, Mid-Range, Premium/Luxury), by Material (Wood-Based, Metal-Based, Plastic and Composite), by Application (Residential, Commercial), and by Distribution Channel (Online Retail, Offline Retail) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: ICT & Media | Publish Date: 06-Jan-2025 | No of Pages: 126 | No. of Tables: 92 | No. of Figures: 57 | Format: PDF | Report Code : IC1157
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 Propels the Market Growth
The growing need for furniture that saves space and serves multiple functions is a key factor driving the popularity of smart furniture market in Vietnam. In today's busy urban areas, where living spaces are often limited in size, people are looking for smart solutions that make the most of their available space.
This trend reflects the changing lifestyle of city dwellers who prefer compact and versatile furniture. Smart furniture is designed to meet this demand, offering features such as hidden storage, foldable designs, and the ability to adapt to different uses. This furniture is essential for making the most out of small living spaces.
Increasing Disposable Income Over the Region Further Fuels the Market Growth
The increasing disposable income per capita is a significant driver behind the Vietnam smart furniture market growth. As individuals have more disposable income, they are increasingly inclined to invest in smart furniture solutions that offer enhanced comfort, convenience, and efficiency in their homes. The expanding affordability and purchasing power fueled by rising incomes are consequently propelling the demand for smart furniture, boosting the market growth.
High Cost and Affordability Issues of Smart Furniture Hinders the Market Growth
Integrating advanced technology and smart features into smart furniture tends to be more expensive. This cost can be a real obstacle for many potential buyers, especially those mindful of their budgets. It acts as a barrier that prevents the Vietnam smart furniture market expansion, particularly in the segments of the population that prioritize affordability.
Advancement in Home Automation Technology to Create Future Market Prospects
The rapid advancements in home automation technology are expected to create ample opportunities for the smart furniture industry in the future. This technological progress allows for the integration of smart furniture into the broader smart home ecosystem, making it user-friendly and versatile for consumers of various technical backgrounds. The seamless integration of smart furniture with existing home automation systems, such as voice assistants and smart thermostats, ensures the streamlining of the user experience and enhances the appeal of smart homes.
Additionally, ongoing collaboration between smart furniture and home automation systems contributes to energy efficiency, aligning with the increasingly important trend of eco-friendly living. With more user-friendly, stylish, and environmentally conscious options available than before, the smart furniture industry is well-positioned to thrive as it caters to the evolving needs of homeowners.
Competitive Landscape
Several market players operating in the Vietnam smart furniture industry include Jager Furniture Manufacturer, VixFurniture, Inter IKEA Systems B.V., Vietnam Smart Electronic Production Co.,Ltd, Herman Miller, Inc.,Steelcase Inc., Konica Minolta Business Solutions Vietnam Co., Ltd., SMHome Smart Furniture, AEH VIET NAM SMART FURNITURE COMPANY LIMITED, Nghia Furniture.
Vietnam Smart Furniture Market Key Segments
By Product Type
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Smart Chairs
-
Smart Desks
-
Smart Beds
-
Smart Sofas
-
Other Product Type
By Technology
-
IoT-Enabled
-
AI-Driven & Voice Controlled
-
Wireless Charging Enabled
-
Sensor-integrated
-
Electrically Adjustable
By Price Range
-
Economy
-
Mid-Range
-
Premium/Luxury
By Material
-
Wood-Based
-
Metal-Based
-
Plastic and Composite
By Application
-
Residential
-
Apartments
-
Houses
-
-
Commercial
-
Offices
-
Hotels
-
Hospitals
-
Education
-
By Distribution Channel
-
Online Retail
-
Offline Retail
Key Players
-
Jager Furniture Manufacturer
-
VixFurniture
-
Inter IKEA Systems B.V.
-
Vietnam Smart Electronic Production Co.,Ltd
-
Herman Miller, Inc.
-
Steelcase Inc.
-
Konica Minolta Business Solutions Vietnam Co., Ltd.
-
SMHome Smart Furniture
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AEH VIET NAM SMART FURNITURE COMPANY LIMITED
-
Nghia Furniture
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 |
|
|
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. |
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