DIY & Hardware Store - Switzerland

Switzerland

In Switzerland, the revenue generated in the DIY & Hardware Store market in 2024 amounts to €10.34bn.
It is projected to grow annually by 3.55% (CAGR 2024-2029).
When compared to other countries around Worldwide, in China leads in terms of revenue with €720bn in 2024.
Looking at the per-person figures, in 2024, each individual in Switzerland generates revenues of €1,168.00.
This indicates the significance of the DIY & Hardware Store market in Switzerland.
Switzerland's DIY & Hardware Store market is thriving due to the nation's strong tradition of craftsmanship and meticulous attention to detail.

Key regions: Worldwide, China, United States, India, Japan

Definition:

The DIY (Do-It-Yourself) market refers to the retail market for products used in home improvement and repair projects, such as tools, hardware, building materials, and lawn and garden products. These products are marketed to consumers who want to perform home improvement projects on their own rather than hire a professional. The DIY market provides consumers with the materials and tools they need to complete projects ranging from simple repairs to complete renovations, allowing them to save money and express their creativity in their living spaces.

Structure:

The market is divided into seven different segments:

The Paint, Wallpaper & Supplies segment includes products used for interior and exterior decoration, renovation, and protection of residential buildings.
The Tools & Machines segment consist of products used for construction, maintenance, and repair tasks.
The Hardware & Building Materials segment includes a diverse range of products that play an important role in the structure, safety, and functionality of a building.
The Lawn & Garden segment encompasses products that help homeowners and landscapers to create and maintain attractive and functional outdoor living spaces.
The Heating & Cooling segment focuses on produts that help regulate indoor temperatures, ensuring comfort, energy efficiency, and air quality in homes.
The Bathroom Hardware segment includes products designed to enhance the functionality and appearance of bathrooms.
The Floor Covering segment encompasses products that serve to protect the floor, enhance the appearance of the room, provide insulation and comfort, and can add value to a property.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The DIY & Hardware Store market in Switzerland has witnessed significant growth thanks to the increasing adoption of digital technologies, rising consumer awareness about home improvement, and the convenience of online shopping. However, the market's overall growth rate is currently negligible due to factors such as rising competition and a slow economy. Sub-markets like Tools & Machines and Heating & Cooling are particularly impacted by this slower growth rate.

Customer preferences: As sustainability and eco-friendliness continue to gain importance in Switzerland, consumers are opting for more environmentally-friendly DIY and hardware products. This includes a shift towards products made from natural or recycled materials, as well as a preference for locally-made items. Additionally, there is a growing demand for products that are designed for longevity and can be easily repaired, aligning with the country's culture of frugality and resourcefulness.

Trends in the market: In Switzerland, the DIY & Hardware Store Market is seeing a surge in online sales, with more customers turning to e-commerce for their hardware needs. This trend is expected to continue, with online sales projected to grow by 15% annually. Additionally, an increasing number of stores are integrating digital tools and technologies into their operations, such as in-store digital displays and mobile apps for inventory management. This shift towards digitalization is significant as it allows for a more efficient and convenient shopping experience for customers. However, it also presents challenges for traditional brick-and-mortar stores, who will need to adapt and innovate to stay competitive in the evolving market.

Local special circumstances: In Switzerland, the DIY & Hardware Store Market is greatly influenced by the country's strong focus on sustainability and environmental responsibility. This has led to a growing demand for eco-friendly and sustainable products, as well as strict regulations on the disposal of hazardous materials. Additionally, the country's mountainous terrain and large rural population have created a need for specialized DIY products and services, such as snow shovels and farming equipment. This unique combination of factors has shaped the market and created opportunities for niche businesses to thrive.

Underlying macroeconomic factors: The DIY & Hardware Store Market in Switzerland is greatly impacted by macroeconomic factors, including the global economic climate, the country's economic stability, and fiscal policies. The current global economic trends, such as increasing consumer spending and a growing interest in home improvement projects, have a positive influence on the demand for DIY and hardware products in Switzerland. Furthermore, the country's stable economic climate and favorable regulatory environment create a conducive market for the DIY industry. Additionally, government initiatives and investments in infrastructure development also play a crucial role in driving market growth. Lastly, the aging population and rising health concerns among the Swiss population have increased the demand for home maintenance and renovation, further boosting the growth of the DIY & Hardware Store Market in Switzerland. Overall, the DIY industry in Switzerland is thriving due to the combination of strong macroeconomic factors and an increasing demand for home improvement products.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.