Furniture - Switzerland

Switzerland

In 2024, the revenue in the Furniture market in Switzerland amounts to CHF US$5.76bn.
It is anticipated that the market will experience an annual growth rate of 2.32% (CAGR 2024-2029).
The largest segment in the Furniture market is the Living Room Furniture segment, with a market volume of CHF US$1.64bn in 2024.
When compared globally, in the United States generates the highest revenue in the Furniture market, with CHF US$264bn in 2024.
In terms of per capita revenue, in Switzerland generates CHF US$650.10 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

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.