| Product Code: ETC4794625 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Sweden saw a steady inflow of wallet imports primarily from China, Netherlands, Denmark, Germany, and India. Despite a challenging CAGR of -6.09% from 2020 to 2024, the market showed signs of stabilization with a slight growth rate of 0.23% in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting that these top exporting countries have a significant market share in Sweden`s wallet import industry. This data highlights the importance of monitoring market trends and competition dynamics to adapt strategies for sustainable growth in the future.
The wallet market in Sweden includes both physical and digital wallets. The digital wallet segment is growing rapidly due to the rise of contactless payments, mobile banking, and the shift towards a cashless economy.
The Wallet market in Sweden is influenced by the increasing demand for innovative and functional wallet solutions that cater to the needs of modern consumers. As individuals seek convenient and secure ways to carry their essentials, the market for wallets has expanded to include smart wallets and contactless payment solutions. The growing trend of minimalism and sustainable fashion also drives the demand for wallets made from eco-friendly materials. Additionally, advancements in technology, such as RFID-blocking features and mobile wallet integration, enhance the functionality and appeal of wallets.
In the Wallet market, challenges include the need for innovative designs and features that cater to changing consumer preferences. As digital payments become more prevalent, traditional wallet manufacturers must adapt to compete with digital wallet solutions. Additionally, competition from luxury brands and the need for sustainability in materials can impact market growth and positioning.
The Swedish government supports the Wallet market through regulations that promote secure and user-friendly digital payment solutions. Policies encourage innovation in wallet technologies, ensuring compliance with data protection and financial regulations. The government also emphasizes consumer education on digital payment security.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Wallet Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Wallet Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Wallet Market - Industry Life Cycle |
3.4 Sweden Wallet Market - Porter's Five Forces |
3.5 Sweden Wallet Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Sweden Wallet Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Sweden Wallet Market Revenues & Volume Share, By Gender, 2021 & 2031F |
3.8 Sweden Wallet Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Sweden Wallet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital payment methods in Sweden |
4.2.2 Growing smartphone penetration and usage |
4.2.3 Government initiatives promoting cashless transactions |
4.3 Market Restraints |
4.3.1 Security concerns related to digital wallets |
4.3.2 Lack of awareness and understanding of digital wallet technology among certain demographics |
5 Sweden Wallet Market Trends |
6 Sweden Wallet Market Segmentations |
6.1 Sweden Wallet Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Wallet Market Revenues & Volume, By Short Wallet, 2021-2031F |
6.1.3 Sweden Wallet Market Revenues & Volume, By Long Wallet, 2021-2031F |
6.2 Sweden Wallet Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Sweden Wallet Market Revenues & Volume, By Leather, 2021-2031F |
6.2.3 Sweden Wallet Market Revenues & Volume, By Fabric, 2021-2031F |
6.3 Sweden Wallet Market, By Gender |
6.3.1 Overview and Analysis |
6.3.2 Sweden Wallet Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Sweden Wallet Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Sweden Wallet Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Sweden Wallet Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Sweden Wallet Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Sweden Wallet Market Revenues & Volume, By Offline, 2021-2031F |
7 Sweden Wallet Market Import-Export Trade Statistics |
7.1 Sweden Wallet Market Export to Major Countries |
7.2 Sweden Wallet Market Imports from Major Countries |
8 Sweden Wallet Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Frequency of wallet usage per user |
8.3 Number of new wallet users acquired through marketing campaigns |
9 Sweden Wallet Market - Opportunity Assessment |
9.1 Sweden Wallet Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Sweden Wallet Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Sweden Wallet Market Opportunity Assessment, By Gender, 2021 & 2031F |
9.4 Sweden Wallet Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Sweden Wallet Market - Competitive Landscape |
10.1 Sweden Wallet Market Revenue Share, By Companies, 2024 |
10.2 Sweden Wallet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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