The turnover for the furniture manufacturing industry in Switzerland in 2023 stood at 1.86 billion Euros. Observing the forecasted data from 2024 to 2028, a downward trend is apparent. The year-on-year percentage variations show a consistent decline, with turnover expected to be 1.84 billion Euros in 2024, 1.8 billion Euros in 2025, 1.75 billion Euros in 2026, 1.7 billion Euros in 2027, and 1.66 billion Euros in 2028. The compound annual growth rate (CAGR) over the five-year period indicates an average decline per year, suggesting a contracting market.
Future trends to watch for include:
- Shifts in consumer preferences towards sustainable and multifunctional furniture.
- Technological advancements in smart furniture.
- The impact of economic fluctuations on consumer spending power.
- Potential effects of international trade policies on the supply chain.
- Expansion into new markets through e-commerce and online retail channels.