2 min. reading

Swiss E-commerce Market Growth Reaches $14.2B in 2024

According to the ECDB's most recent report, Switzerland's e-commerce market is the 28th largest in the world, with projected revenue of US$14.2 billion in 2024. The market saw a 3% decline in revenue in 2022 as a result of strong COVID-driven expansion in previous years.

Swiss E-commerce Market Growth Reaches $14.2B in 2024
Source: Depositphotos

Swiss E-commerce Categories Show Electronics Dominance

The ECDB forecasts a 4.5% compound annual growth rate (CAGR) between 2024 and 2028. This market is expected to reach a value of US$17 billion by 2028.

The Swiss market’s anticipated 10.4% growth in 2024 aligns with the global growth estimate for the same year.

With 27.3% of Swiss e-commerce revenue, electronics is the most frequently occurring category in ECDB’s data, followed by:

  • Fashion (23.7%)
  • Hobby & Leisure (15.1%)
  • Grocery (14.0%)
  • Furniture & Homework (9.3%)
  • Care Products (7.1%)
  • DIY (3.5%)
switzerland net ecommerce revenue split by category

Source: ecommercedb.com/ECDB

The report observes a minor shift toward Electronics and Grocery between 2020 and 2025, despite the fact that the overall category distribution has remained relatively stable.

Adoption and Top Retailers

Switzerland’s online retail penetration rate is currently 14% and is predicted to reach 15.8% by 2025, which is still lower than the global average and that of its neighbors, Austria and Germany.

Cart abandonment rates in 2023 are 8.4%, add-to-cart rates are 11.4%, and conversion rates are 3%, according to ECDB’s analysis of conversion funnel KPIs.

According to the paper, the top five Swiss online retailers in 2023 were:

  • Digitec.ch (with an annual revenue of US$1.05 billion)
  • Galaxus.ch (with US$1.02 billion)
  • Zalando.ch (with US$0.82 billion)
  • Brack.ch
  • Apple.com
Switzerland net sales in 2023

Source: ecommercedb.com/ECDB

The top three stores combined hold a 26.3% market share among the top 100 stores.

Swiss E-commerce Top Marketplaces

Amazon leads the Swiss e-commerce market in terms of marketplace performance, with a GMV of US$1.83 billion, according to the ECDB.

After Amazon, Digitec and Galaxus have GMVs of US$1.48 billion and US$1.44 billion, respectively.

The report points out that GMV (Gross Merchandise Value) includes both first- and third-party sales along with taxes, shipping costs, and other charges before taking into account deductions like discounts or returns.

Share article
Similar articles
Practical Attendee Guide for Balkan Ecommerce Summit Next Week
3 min. reading

Practical Attendee Guide for Balkan Ecommerce Summit Next Week

The highly anticipated Balkan Ecommerce Summit 2025 is just days away, set to transform Sofia into the e-commerce hub of the Balkan region on April 29-30, 2025 at Arena Sofia. As the event approaches, this Attendee Guide for Balkan Ecommerce Summit provides everything you need to know to make the most of this premier digital commerce […]

Katarína Šimčíková Katarína Šimčíková
Project manager, Ecommerce Bridge EU
Read article
Instagram Launches Edits: What Does This New Video Editing Tool Offer?
3 min. reading

Instagram Launches Edits: What Does This New Video Editing Tool Offer?

Instagram has officially unveiled Edits — its own video editing application. It will be particularly appreciated by content creators and small brands looking to scale their video production. This is a direct response to the popular CapCut tool, which falls under ByteDance. How do these applications differ, and what potential do they have for e-commerce?

Veronika Slezáková Veronika Slezáková
Editor in Chief @ Ecommerce Bridge, Ecommerce Bridge
Read article
TV Evolution: Changing Viewing Habits and Brand Implications
3 min. reading

TV Evolution: Changing Viewing Habits and Brand Implications

How do people watch video content today? What do they consider “television” and where does advertising work best? CTV (Connected TV) is not yet the centre of attention for our e-commerce, but developments abroad suggest this could soon change. A new study by RTL AdAlliance offers clear data and trends worth noting. And it shows […]

Veronika Slezáková Veronika Slezáková
Editor in Chief @ Ecommerce Bridge, Ecommerce Bridge
Read article
Bridge Now

Latest news right NOW

10+ unread

10+