Vietnam Home Textile Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 1.00 % |
| Market Concentration | Low |
Major Players.webp "Vietnam Home Textile Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Vietnam Home Textile Market Analysis
The rapid outbreak of COVID-19 effects the global economy. This has spread several difficulties to the home textile Industry where in most of the market are under pressure and disturbed the textile supply chain from fabric to garments. The lockdown of factories and retail stores completely effect the home textile. Prevailing this situation, the pricing was also fallen in the domestic and International market.
Vietnam's home textile industry plays an important role in national socio-economic development of the country. Vietnam's flourishing textile industry is increasing rapidly, which is making the country one of the most popular destinations in Asia for textile investment. Rapid urbanization, improved standard of living coupled with increasing spending power are some of the key factors anticipated to support revenue growth of the market in the region. Furthermore, increasing inclination towards modernizing the interior of the households is resulting in huge demand for home textile products such as bed sheets, pillows & covers, curtains, etc.
Vietnam Home Textile Market Trends
This section covers the major market trends shaping the Vietnam Home Textile Market according to our research experts:
Growth in Urbanization is Driving the Market
Vietnam home textile market is experiencing growth due to emerging young consumers and growing disposable incomes with the coming of the urbanization. Urbanization refers to the population shift from rural areas to urban areas. Rising levels of urbanization have resulted in an increasing number of new households being setup. Rising urbanisation trends owing to improve the standard of living of the population will also drive the growth of the market.
Growing Bed Linen Segment is Driving the Market
Bed linen includes pillow covers, bed covers, bed sheets and duvet cover. A key reason responsible for increased spending on bed linen is the growing awareness over the numerous physical and mental benefits offered by good sleeping. Factors driving the growth in the country include expanding retail networks, easy access to a range of products and increased demand for designer and luxury bed linen.
Vietnam Home Textile Industry Overview
The report covers major international players operating in the Vietnam Home Textile 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.
Vietnam Home Textile Market Leaders
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Damsan yarntex JSC
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Everpia JSC
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Gilimex
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Phong Phu Corporation
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Mirae JSC
*Disclaimer: Major Players sorted in no particular order
Vietnam Home Textile Market News
- On 31st March 2022, Taiwanese Textile firm seeks help for expansion project in in Vietnam. Southern Vietnamese province of Binh Duong had a meeting with Yeh Ming Yuh, director general of Taiwanese concern Polytex Far Eastern Vietnam, to discuss how to help the later resolve issues facing its expansion project at the Bau Bang Industrial Park. Yeh sought help in legal formalities for building a workers' dormitory and paperwork for a 10-MW solar power plant.
- On 24th march 2022, Vietnam-based Fashion Enterprise has extended its partnership with Fibre Trace and Good Earth Cotton to promote climate positive and traceable fibres across the global textile and fashion supply chain.
Vietnam Home Textile Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Defination
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness- Porters' Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargainning Power of Buyers
- 4.5.3 Bargainning Power of Suppliers
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competative Rivalry
- 4.6 Insights into Latest Technological Innovations and Recent Trends in the Industry
- 4.7 Insights on Government Regulations in the Industry
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Bed Linen
- 5.1.2 Bath Linen
- 5.1.3 Kitchen Linen
- 5.1.4 Upholstery Covering
- 5.1.5 Floor Covering
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5.2 By End-User
- 5.2.1 Residential
- 5.2.2 Commercial
- 5.2.2.1 Hospitality and Leisure
- 5.2.2.2 Hospital
- 5.2.2.3 Offices
- 5.2.2.4 Other Commercial End-Users
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5.3 By Distribution
- 5.3.1 Supermarkets & Hypermarkets
- 5.3.2 Specialty Stores
- 5.3.3 Online
- 5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Damsan yarntex JSC
- 6.2.2 Everpia JSC
- 6.2.3 Phong Phu Corporation
- 6.2.4 Gilimex
- 6.2.5 Mirae JSC
- 6.2.6 Metiseko
- 6.2.7 Viet Tra Co.Ltd
- 6.2.8 Hung Thanh Dat Company
- 6.2.9 Duc Hanh Garment JSC
- 6.2.10 Lotus Vietnam JSC*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Vietnam Home Textile Industry Segmentation
Home textiles are fabrics and clothes used specifically for furnishing a residence. The materials and design of each are defined by the functional and aesthetic uses of each. Vietnam Home Textile Market is Segmented By Product (Bed Linen, Bath Linen, Kitchen Linen, Upholstery and Floor Covering), By End User (Residential and Commercial(Hospitality and Leisure, Hospital, Offices, Other Commercial End users)), and By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online and Other Distribution Channels).
| By Product | Bed Linen | |
| Bath Linen | ||
| Kitchen Linen | ||
| Upholstery Covering | ||
| Floor Covering | ||
| By End-User | Residential | |
| Commercial | Hospitality and Leisure | |
| Hospital | ||
| Offices | ||
| Other Commercial End-Users | ||
| By Distribution | Supermarkets & Hypermarkets | |
| Specialty Stores | ||
| Online | ||
| Other Distribution Channels |
Vietnam Home Textile Market Research FAQs
What is the current Vietnam Home Textile Market size?
The Vietnam Home Textile Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in Vietnam Home Textile Market?
Damsan yarntex JSC, Everpia JSC, Gilimex, Phong Phu Corporation and Mirae JSC are the major companies operating in the Vietnam Home Textile Market.
What years does this Vietnam Home Textile Market cover?
The report covers the Vietnam Home Textile Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Home Textile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Vietnam Home Textile Industry Report
Statistics for the 2023 Vietnam Home Textile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Home Textile analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
