Furniture - Switzerland

  • Switzerland
  • In 2024, the revenue in the Furniture market in Switzerland amounts to CHF €5.28bn.
  • It is anticipated that the market will experience an annual growth rate of 2.21% (CAGR 2024-2029).
  • The largest segment in the Furniture market is the Living Room Furniture segment, with a market volume of CHF €1.51bn in 2024.
  • When compared globally, in the United States generates the highest revenue in the Furniture market, with CHF €242bn in 2024.
  • In terms of per capita revenue, in Switzerland generates CHF €596.60 per person in 2024.
  • Switzerland's furniture market is booming with a focus on high-quality craftsmanship and sustainable materials.

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

 
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Analyst Opinion

The Furniture market in Switzerland has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences:
in the Swiss Furniture market have shifted towards more sustainable and eco-friendly products. Swiss consumers are increasingly conscious of the environmental impact of their purchases and are willing to pay a premium for furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is in line with global consumer preferences, as sustainability has become a key factor in purchasing decisions worldwide. Another customer preference driving the growth of the Furniture market in Switzerland is the demand for multifunctional and space-saving furniture. With the increasing urbanization and limited living spaces in Swiss cities, consumers are looking for furniture that can serve multiple purposes and maximize the use of available space. This trend is also influenced by the growing popularity of minimalistic and modern interior designs, which prioritize functionality and simplicity. In terms of trends, the Swiss Furniture market has seen a rise in online sales and the adoption of e-commerce platforms by both established retailers and new market entrants. The convenience and wide product selection offered by online platforms have attracted a growing number of Swiss consumers, especially younger generations who are more tech-savvy and comfortable with online shopping. However, traditional brick-and-mortar stores still play a significant role in the Swiss Furniture market, as many consumers prefer to physically see and touch furniture before making a purchase.

Local special circumstances:
such as the high disposable income and high standard of living in Switzerland, have contributed to the growth of the Furniture market. Swiss consumers have a relatively high purchasing power, allowing them to invest in high-quality and durable furniture. Additionally, the country's strong economy and stable political environment provide a favorable business environment for furniture retailers and manufacturers. Underlying macroeconomic factors, such as population growth, urbanization, and the construction industry, also play a role in the development of the Furniture market in Switzerland. As the population continues to grow and more people move to urban areas, the demand for furniture for residential and commercial spaces increases. Furthermore, the construction industry, which drives the demand for furniture in new buildings and renovations, has been experiencing steady growth in Switzerland. In conclusion, the Furniture market in Switzerland is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:
. The shift towards sustainable and multifunctional furniture, the rise of online sales, and the high disposable income of Swiss consumers are key drivers of growth in the market. Additionally, population growth, urbanization, and the construction industry contribute to the increasing demand for furniture in Switzerland.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

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 consumer spending and GDP. 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 is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, 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.

Vue d’ensemble

  • Revenue
  • Key Players
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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