The turnover in the manufacture of domestic appliances sector in Switzerland is expected to see steady growth over the next five years. The forecasted data indicate an incremental increase from CHF 2.12 billion in 2024 to CHF 2.23 billion in 2028. For context, the actual turnover in 2023 stood at CHF 2.10 billion. This represents a year-on-year growth of approximately 0.95% for 2024. The consistent rise in subsequent years suggests a stable sector with a Compound Annual Growth Rate (CAGR) of around 0.95% from 2024 to 2028.
Future trends to watch for in this sector include:
- Advancements in smart home technology integrating with domestic appliances.
- Increased consumer demand for energy-efficient and eco-friendly products.
- Potential disruptions due to global supply chain challenges.
- Growing competition from international manufacturers entering the Swiss market.
- Regulatory changes impacting production standards and import-export policies.
