Switzerland Home Appliances Market Introduction and Overview
According to SPER Market Research, the Switzerland Home Appliances Market is estimated to reach USD 2.21 billion by 2033 with a CAGR of 4.46%.
The report includes an in-depth analysis of the Switzerland Home Appliances Market, including market size and trends, product mix, applications, and supplier analysis. Home appliances are devices that are utilised for household duties, food preservation, cleaning, cooking, and other human comfort functions. Household appliances include fridges, washing machines, air conditioners, microwave ovens and hoover cleaners. These appliances are available through a number of distribution channels, including multi-brand stores, specialty stores, online, and more.
- In September 2023, BSH Hausgerate GmbH began using COâ‚‚-reduced stainless steel in dishwasher production. Using recycled stainless-steel scrap to generate COâ‚‚-reduced stainless steel helps minimise raw material use.
- In September 2022, Gorenje Group completed its acquisition of IXblue. With this transaction, both organisations aimed to give unrivalled value to clients through a diverse array of products and solutions. Their staff was planned to grow to 1500 as a result of this acquisition, and they expected to generate EUR 250 million in revenue each year.
- January 2022: Samsung Electronics announced the creation of Samsung Newsroom Switzerland, which was supposed to make Samsung and its progress more accessible to the public. The platform included articles about Samsung's dedication, vision, and commercial activity.
Market Opportunities and Challenges
Opportunities- Rising Demand for Energy-Efficient Appliances: The growing emphasis on sustainability and energy conservation creates an opportunity for manufacturers to produce and market energy-efficient appliances in Switzerland. Furthermore, as interest in smart homes grows, manufacturers have an opportunity to create new products that can smoothly interface with existing smart home systems. Additionally, e-commerce expansion: The advent of e-commerce platforms has given manufacturers the option to reach a larger consumer base and sell their products directly to customers online. Also, Switzerland's population is ageing, which presents chances for appliances designed to address the special demands of older persons, such as easy-to-use controls and accessibility features.
Challenges- Certain household appliances can be expensive, especially those with advanced features or smart capabilities. The expense of these appliances may limit their adoption, especially among price-conscious consumers. Furthermore, despite the benefits of energy-efficient appliances, buyers continue to underestimate the long-term cost savings and environmental benefits that these appliances may deliver. Market Saturation: In Switzerland, demand for specialised household appliances such as refrigerators and washing machines has reached saturation. The saturation of certain product categories limits their potential for expansion.
Market Competitive Landscape
The market research study also includes a thorough examination of the competition landscape in the market. The study includes competition analysis on market structure, key player positioning, top winning tactics, competitive dashboard, and company evaluation quadrant. Some of the leading players in this market include Whirlpool Corporation, Electrolux AB, LG Electronics, Samsung Electronics, Panasonic Corporation, Haier Electronics Group Co. Ltd, BSH Hausgeräte GmbH, Arcelik A.S, Gorenje Group, Mitsubishi Electric Corporation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Major Appliances, By Small Appliances, By Distribution Channels
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| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
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| Companies Covered | Whirlpool Corporation, Electrolux AB, LG Electronics, Samsung Electronics, Panasonic Corporation, Haier Electronics Group Co. Ltd, BSH Hausgeräte GmbH, Arcelik A.S, Gorenje Group, Mitsubishi Electric Corporation.
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COVID-19 Impact on Switzerland Home Appliances Market
The Covid-19 pandemic had a huge impact on Switzerland's home appliance market. During the lockdowns and mobility restrictions, there was an increase in demand for items such as refrigerators and freezers as people stockpiled food supplies. Furthermore, increasing time spent at home resulted in a greater emphasis on home comfort and entertainment, which drove demand for air conditioners, televisions, and audio systems. However, the pandemic affected supply networks, causing production delays and shortages of specific appliance types. The economic uncertainty and job losses caused by the pandemic also had an impact on consumer buying patterns, resulting in a temporary drop in appliance purchases.
Key Target Audience:
- Urban Households
- Young Professionals and Families
- Environmentally Conscious Consumers
- Luxury Segment
- Rental Property Owners and Managers
- Commercial Enterprises
Our in-depth analysis of the Switzerland Home Appliances Market includes the following segments:
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By Major Appliances:
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Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Cookers and Ovens
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By Small Appliances:
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Vacuum Cleaners
Small Kitchen Appliances
Hair Clippers
Irons
Toasters
Grills and Roasters
Hair Dryers
Other Small Appliances
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By Distribution Channels:
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Supermarkets and Hypermarkets
Specialty Stores
E-Commerce
Other Distribution Channels
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Key Topics Covered in the Report:
- Switzerland Home Appliances Market Size (FY’2024-FY’2033)
- Overview of Switzerland Home Appliances Market
- Segmentation of Switzerland Home Appliances Market By Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens)
- Segmentation of Switzerland Home Appliances Market By Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, Other Small Appliances)
- Segmentation of Switzerland Home Appliances Market By Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels)
- Statistical Snap of Switzerland Home Appliances Market
- Expansion Analysis of Switzerland Home Appliances Market
- Problems and Obstacles in Switzerland Home Appliances Market
- Competitive Landscape in the Switzerland Home Appliances Market
- Impact of COVID-19 and Demonetization on Switzerland Home Appliances Market
- Details on Current Investment in Switzerland Home Appliances Market
- Competitive Analysis of Switzerland Home Appliances Market
- Prominent Players in the Switzerland Home Appliances Market
- SWOT Analysis of Switzerland Home Appliances Market
- Switzerland Home Appliances Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Switzerland Home Appliances Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Switzerland Home Appliances Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Switzerland Home Appliances Market
7. Switzerland Home Appliances Market, By Major Appliances (USD Million) 2020-2033
7.1. Switzerland Home Appliances Market Size, Share and Forecast, By Major Appliances, 2020-2026
7.2. Switzerland Home Appliances Market Size, Share and Forecast, By Major Appliances, 2027-2033
7.3. Refrigerators
7.4. Freezers
7.5. Dishwashing Machines
7.6. Washing Machines
7.7. Cookers and Ovens
8. Switzerland Home Appliances Market, By Small Appliances (USD Million) 2020-2033
8.1. Switzerland Home Appliances Market Size, Share and Forecast, By Small Appliances, 2020-2026
8.2. Switzerland Home Appliances Market Size, Share and Forecast, By Small Appliances, 2027-2033
8.3. Vacuum Cleaners
8.4. Small Kitchen Appliances
8.5. Hair Clippers
8.6. Irons
8.7. Toasters
8.8. Grills and Roasters
8.9. Hair Dryers
8.10. Other Small Appliances
9. Switzerland Home Appliances Market, By Distribution Channels (USD Million) 2020-2033
9.1. Switzerland Home Appliances Market Size, Share and Forecast, By Distribution Channels, 2020-2026
9.2. Switzerland Home Appliances Market Size, Share and Forecast, By Distribution Channels, 2027-2033
9.3. Supermarkets and Hypermarkets
9.4. Specialty Stores
9.5. E-Commerce
9.6. Other Distribution Channels
10. Switzerland Home Appliances Market Forecast, 2020-2033 (USD Million)
10.1. Switzerland Home Appliances Market Size and Market Share
11. Switzerland Home Appliances Market, By Region, 2020-2033 (USD Million)
11.1. Switzerland Home Appliances Market Size and Market Share By Region (2020-2026)
11.2. Switzerland Home Appliances Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Southern Region
11.6. Northern Region
12. Company Profile
12.1. Whirlpool Corporation
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Electrolux AB
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. LG Electronics
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Samsung Electronics
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Panasonic Corporation
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Haier Electronics Group Co. Ltd
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. BSH Hausgeräte GmbH
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Arcelik A.S
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Gorenje Group
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Mitsubishi Electric Corporation
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links