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Retailing in Belgium, Market Shares, Summary and Forecasts to 2022

Retailing in Belgium, Market Shares, Summary and Forecasts to 2022

  • July 2018
  • 102 pages
  • ID: 5537935
In this report:
Unemployment in Belgium declined marginally from ##.##% in 2016 to ##.##% in 2017, and is expected to fall further to ##% by 2022.
However, the annual growth rate is expected to decelerate from ##.##% in 2017 to ##.##% by 2022 due to the falling fertility rate, from ##.## births per woman in 2010 to ##.## in 2017, and an aging population.

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Retailing in Belgium, Market Shares, Summary and Forecasts to 2022

Brief

"Retailing in Belgium (BE), Market Shares, Summary and Projections to 2022", offers info for historic and forecast retail sales, and also includes info on the business environment and country risk related to Belgium retail environment. Additionally, it examines the main consumer trends influencing Belgium retail industry.

The retail sector in Belgium (BE) has improved in line with the improvement in the economy. Retail sales in the country reached €83.7 billion in 2017 and are forecast to grow at a Compound annual growth rate of 2.20 percent over the next five years to reach €93.2 billion by the end of 2022.

Why purchasing this study can help you?

- In-depth analysis of the recent trends in consumer shopping, covering the factors driving shopping, consumer insights, market forces (covering 26 product categories),

- The report also details main retailers in each category group with their product proposition analysis and market positioning in 2017 along with new top developments

- Market insights established on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors

- Retail sales and the quickest-rising product categories, which include Clothing, Footwear, Books, News and Stationery, Electrical and Electronics, Food and Grocery, Health and Beauty, Furniture and Floor Coverings, Home and Garden Products, Music, Video and Entertainment Software, Sports and Leisure Equipment, Jewelry, Watches and Accessories, and Luggage and Leather Goods

- Qualitative and quantitative insights of changing retail dynamics across different channels.

Overview

- Belgium retail sector is forecast to grow at a CAGR (Compound annual growth rate) of 2.20 percent between 2017 and 2022 to reach to reach €93.2 billion by the end of 2022.

- The clothing & footwear sector is fragmented with the best 10 retailers contributing only 25.10 percent of global sales in 2017.

- The online channel will consistently outperform other channels in terms of growth over the next five years with a compound annual growth rate (CAGR) of 11.30 percent.

- Food & grocery retail sales accounted for the more important share, at 51.90 percent of the global Belgium retail industry in 2017.

- Health & beauty is the fourth biggest sector in the Belgian retail industry and contributed 9.0 percent to global retail sales in 2017. Home furniture and floor coverings specialists and home improvement and gardening supplies specialists dominate the home sector.

Great reasons to purchase

- Gain exhaustive knowledge on 26 product categories in Belgium retail market and develop a challenging advantage around consumer behaviour trends from the start of your supply chain

- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, and main consumer and technology trends influencing the retail market

- Investigate current and forecast behaviour trends in each category to recognize the best opportunities to exploit

- Analyze the recommended actions to align your marketing strategies with the important trends influencing consumer behaviour

- Comprehend the quickest-increasing categories in the sector with business insights on the performance of individual product categories, across top channels from 2012, with estimations until 2022

- Analysis of main worldwide and domestic players operating in Belgium retail market - including store counts and revenues that give you a ambitious edge and analyze alternatives to improve your market share.

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