Product Code: ETC212862 | Publication Date: May 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Vietnam Carpet market currently, in 2023, has witnessed an HHI of 2790, Which has increased slightly as compared to the HHI of 2044 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Vietnam carpet market supplies carpets and floor coverings for residential, commercial, and hospitality settings. It plays a significant role in interior decoration and furnishing. Market dynamics are influenced by construction and interior design trends, as well as consumer demand for quality and aesthetics.
The growth of the Vietnam carpet market is driven by the interior design and hospitality industries` need for flooring solutions that enhance aesthetics and comfort. Carpets provide warmth, sound insulation, and design versatility for residential and commercial spaces. The expanding construction and hospitality sectors contribute to the market`s growth as businesses seek a variety of carpet styles and materials to create inviting and functional environments.
The Vietnam carpet market may encounter challenges related to market positioning, consumer demand, and competition. Carpets are used in various settings, including homes, hotels, and commercial spaces. Companies may choose to target specific market segments, such as luxury or budget consumers, which can influence product positioning and pricing strategies. Additionally, shifts in consumer demand for flooring materials and design preferences can impact the carpet market. Market competition among carpet manufacturers and retailers can also influence pricing and market share. Companies need to carefully define their market positioning, adapt to changing consumer preferences, and implement effective marketing strategies to thrive in this competitive industry.
The Vietnam carpet market experienced disruptions during the COVID-19 pandemic, with fluctuations in demand driven by changes in consumer behavior and reduced tourism activities. Reduced hotel and hospitality sector operations impacted the demand for carpets. Carpet manufacturers and retailers in Vietnam adjusted by promoting online sales and exploring export opportunities. As tourism and hospitality activities gradually resumed, the carpet market is expected to show signs of recovery.
In the Vietnam carpet market, key players primarily consist of both domestic carpet manufacturers and international flooring companies. Domestic companies like Phuong Thanh Carpet contribute to carpet production and distribution within Vietnam. Additionally, international flooring manufacturers and distributors like Shaw Industries Group, Inc. are influential players in supplying carpets and flooring solutions to consumers and businesses in Vietnam.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Carpet Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Carpet Market Revenues & Volume, 2020 & 2030F |
3.3 Vietnam Carpet Market - Industry Life Cycle |
3.4 Vietnam Carpet Market - Porter's Five Forces |
3.5 Vietnam Carpet Market Revenues & Volume Share, By By Product Type, 2020 & 2030F |
3.6 Vietnam Carpet Market Revenues & Volume Share, By By Material Type, 2020 & 2030F |
3.7 Vietnam Carpet Market Revenues & Volume Share, By By End Use, 2020 & 2030F |
4 Vietnam Carpet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Carpet Market Trends |
6 Vietnam Carpet Market, By Types |
6.1 Vietnam Carpet Market, By By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Carpet Market Revenues & Volume, By By Product Type, 2020-2030F |
6.1.3 Vietnam Carpet Market Revenues & Volume, By Woven, 2020-2030F |
6.1.4 Vietnam Carpet Market Revenues & Volume, By Knotted, 2020-2030F |
6.1.5 Vietnam Carpet Market Revenues & Volume, By Needle Felt, 2020-2030F |
6.1.6 Vietnam Carpet Market Revenues & Volume, By Tufted, 2020-2030F |
6.2 Vietnam Carpet Market, By By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Carpet Market Revenues & Volume, By Nylon, 2020-2030F |
6.2.3 Vietnam Carpet Market Revenues & Volume, By Polypropylene, 2020-2030F |
6.2.4 Vietnam Carpet Market Revenues & Volume, By Polyester, 2020-2030F |
6.2.5 Vietnam Carpet Market Revenues & Volume, By Acrylic, 2020-2030F |
6.2.6 Vietnam Carpet Market Revenues & Volume, By Wools & Its Blends, 2020-2030F |
6.3 Vietnam Carpet Market, By By End Use |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Carpet Market Revenues & Volume, By Infrastructure, 2020-2030F |
6.3.3 Vietnam Carpet Market Revenues & Volume, By Residential, 2020-2030F |
6.3.4 Vietnam Carpet Market Revenues & Volume, By Commercial, 2020-2030F |
6.3.5 Vietnam Carpet Market Revenues & Volume, By Industrial, 2020-2030F |
6.3.6 Vietnam Carpet Market Revenues & Volume, By Transportation, 2020-2030F |
6.3.7 Vietnam Carpet Market Revenues & Volume, By Sports & Leisure , 2020-2030F |
7 Vietnam Carpet Market Import-Export Trade Statistics |
7.1 Vietnam Carpet Market Export to Major Countries |
7.2 Vietnam Carpet Market Imports from Major Countries |
8 Vietnam Carpet Market Key Performance Indicators |
9 Vietnam Carpet Market - Opportunity Assessment |
9.1 Vietnam Carpet Market Opportunity Assessment, By By Product Type, 2020 & 2030F |
9.2 Vietnam Carpet Market Opportunity Assessment, By By Material Type, 2020 & 2030F |
9.3 Vietnam Carpet Market Opportunity Assessment, By By End Use, 2020 & 2030F |
10 Vietnam Carpet Market - Competitive Landscape |
10.1 Vietnam Carpet Market Revenue Share, By Companies, 2023 |
10.2 Vietnam Carpet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |