Switzerland Home Appliances Market Size, Analysis | 2031

Segments - Switzerland Home Appliances Market by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers, and Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, and Others), Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Others), and Country - Switzerland Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

Report Description

The Switzerland Home Appliances Market size was valued at USD 1.37 Trillion in 2022 and is expected to surpass USD 2.04 Trillion by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising demand for less energy consumable devices.

The home appliances market in Switzerland is dynamic. Customers have developed and quickly adopted new technology items to smooth their functioning of their everyday activities. The majority of the home appliances are associated with automating their activities with less human intervention. With the advancement in smart functionality and further developed energy productivity, home appliances have a significant impact on the day to day routine of consumers. Consequently, excellent and durable materials are expected to withstand the wear and tear of home machines.

Switzerland Home Appliances Market Outlook

The COVID-19 pandemic disrupted the home appliances market in first half of 2020 due to supply chain disruption across the globe. On the other hand, worldwide producers of appliances figured out how to address the present circumstances of expanding demand for home appliances. Increasing demand was due to absence of helpers that eased their daily life but outbreak of the virus limited the travel and led to social distancing.

Market Trends, Drivers, Restraints, and Opportunities

Rising purchasing power and better access to quality items with reasonable cost are expected to boost the home appliances market growth.
The presence of online marketplace to buy home appliances is positively influencing the growth of the market.
Rapid growth of organized retail sector are expected to boost the home appliances market growth.
Increasing demand for home appliances due to improved living standard is projected to spur market growth in the coming years.
Power utilization issues of home appliances can hinder the growth of the market.
Rising adoption of smart home systems in Switzerland is likewise expected to create lucrative opportunities during the forecast period.

Scope of Switzerland Home Appliances Market Report

The report on the Switzerland home appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Home Appliances Market - Switzerland Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers, and Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, and Others) and Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Others)
Country Scope	Switzerland
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BSH Hausgeräte GmbH; LG Electronics; Whirlpool Corporation; Electrolux AB; and Samsung Electronics

Home Appliances Market Segment Insights

Refrigerators segment is expected to grow at a rapid pace

Based on major appliances, the market is divided into refrigerators, freezers, dishwashing machines, washing machines, cookers, and ovens. The refrigerators segment is estimated to account for a significant share of the market owing to the increasing number of innovative refrigeration products. Refrigerators are broadly utilized across households and business places to provide a convenient and safe methods for food preservation.

Small kitchen appliances segment is projected to expand at a considerable CAGR

In terms of small appliances, the home appliances market is segmented into vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, hair dryers, and others. The small kitchen appliances is estimated to account for a key share of the market due to increasing preference for cooking healthy food. On the other hand, the grills and roasters segment is estimated to grow at a steady rate in the projected timeline.

Switzerland Home Appliances Market Small Appliances

E-commerce segment is projected to expand at a considerable CAGR

On the basis of distribution channels, the market is classified supermarkets and hypermarkets, specialty stores, e-commerce, and others. The e-commerce segment is projected to expand at a considerable CAGR during the forecast period. E-commerce attributes to ease of shopping from a remote location. An e-commerce store provides advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility.

Segments

The Switzerland home appliances market has been segmented on the basis of

Major Appliances

Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Cookers and Ovens

Small Appliances

Vacuum Cleaners
Small Kitchen Appliances
Hair Clippers
Irons
Toasters
Grills and Roasters
Hair Dryers
Others

Distribution Channels

Supermarkets and Hypermarkets
Specialty Stores
E-commerce
Others

Country

Switzerland

Key Players

BSH Hausgeräte GmbH
LG Electronics
Whirlpool Corporation
Electrolux AB
Samsung Electronics

Competitive Landscape

Key players competing in the Switzerland home appliances market are BSH Hausgeräte GmbH; LG Electronics; Whirlpool Corporation; Electrolux AB; and Samsung Electronics.

To catch the expanding buyer's advantage to connect home appliances digitally, in December 2019, Electrolux sent off an associated blender that utilizes innovation got from various joint efforts to improve and customize the customer experience.

Switzerland Home Appliances Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Appliances Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Home Appliances Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Home Appliances Market - Supply Chain
  4.5. Global Home Appliances Market Forecast
     4.5.1. Home Appliances Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Home Appliances Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Home Appliances Market Absolute $ Opportunity
5. Global Home Appliances Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Home Appliances Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Home Appliances Demand Share Forecast, 2019-2026
6. North America Home Appliances Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Home Appliances Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Home Appliances Demand Share Forecast, 2019-2026
7. Latin America Home Appliances Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Home Appliances Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Home Appliances Demand Share Forecast, 2019-2026
8. Europe Home Appliances Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Home Appliances Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Home Appliances Demand Share Forecast, 2019-2026
9. Asia Pacific Home Appliances Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Home Appliances Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Home Appliances Demand Share Forecast, 2019-2026
10. Middle East & Africa Home Appliances Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Home Appliances Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Home Appliances Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Home Appliances Market: Market Share Analysis
  11.2. Home Appliances Distributors and Customers
  11.3. Home Appliances Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. BSH Hausgeräte GmbH
     11.4.2. LG Electronics
     11.4.3. Whirlpool Corporation
     11.4.4. Electrolux AB
     11.4.5. Samsung Electronics