Market Insights Consumer Furniture Home Décor

Carpets & Rugs - Switzerland

Switzerland

In Switzerland, the revenue generated by the Carpets & Rugs market in 2024 amounts to US$0.38bn, a significant figure in this market.
Looking ahead, the market is projected to grow annually by 1.03% (CAGR 2024-2029), indicating a positive trend for the industry in the coming years.
When comparing the revenue on a global scale, it is worth noting that in the United States leads the way with a substantial revenue of US$18,450m in 2024, signifying its dominance in the Carpets & Rugs market.
To put the revenue figures into perspective, in Switzerland, per person revenues of US$43.29 are generated in 2024.
This metric provides an insight into the market's performance relative to the country's total population.
Switzerland's Carpets & Rugs market is thriving due to its reputation for high-quality craftsmanship and the demand for luxurious, durable products.

Key regions: Denmark, India, China, Germany, Worldwide

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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.