Summary Belgium's luggage and leather goods retail market, with a share of 0.41% in 2015, is expected to be the sector with optimum growth during the forecast period. The retail market for luggage and leather goods will witness a CAGR of 2.14% over 2015-2020, to reach EUR0.320 billion by 2020. Per capita spending on luggage and leather goods in Belgium is also anticipated to grow at a CAGR of 1.7% over the next five years. Key Findings -Luggage and leather goods sales accounted for a marginal share of 0.41% of the total retail sales in 2015 -Commanding a 45.4% share of the overall sales in the segment, specialist retailers dominate the luggage and leather goods market in Belgium -Online sales of the luggage and leather goods category is expected to grow at a CAGR of 9.2% during 2015-2020 Synopsis "Luggage and Leather Goods Retailing in Belgium - Market Summaryand Forecasts" is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020. What else does this report offer? -A thorough analysis of consumer trends changing economic and population factors -Both qualitative and quantitative insights and analysis of the shifting luggage and leather goods retail dynamics from 2010 to 2020 -Sales of luggage and leather goods through the following channels from 2010 to 2020: Department stores; other specialist retailers; online; hypermarkets, supermarkets and hard-discounters; value, variety stores and general merchandise retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; duty free retailers; clothing, footwear, accessories and luxury goods specialists -An overview of key luggage and leather goods retailers operating across Belgium and their presence across distribution channels Reasons To Buy -Gain a comprehensive knowledge on luggage and leather goods sector in the Belgium retail market and develop a competitive advantage from the start of your supply chain -Investigate current and forecast behaviour trends in luggage and leather goods category to identify the best opportunities to exploit -Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behaviour -Understand the fastest growing categories including luggage and leather goods, with insights on performance across key channels from 2010, with forecasts until 2020 -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, key consumer and technology trends influencing the luggage and leather goods market -Analysis of key international and domestic players operating in the luggage and leather goods market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share
Table of Contents
1 Introduction 1.1 What is this Report About? 2 Executive Summary and Outlook 3 Market Context 3.1 A steadily growing economy with opportunities for retailers 3.1.1 A modest recovery in the economy, indicates a gradual improvement in retail spending 3.1.2 Stable savings rate shows a consistency in retail consumption 3.1.3 Service remains the dominant sector for employment 3.1.4 Improving labour market set to drive retail spending 3.1.5 Improving inflation level may influence retail sales growth 3.1.6 Household consumption expenditure is set to grow with a rise in income 3.2 Balanced demography and social rise in the economy will favour retail market 4 Belgian Shoppers 4.1 Belgium E- Commerce- A poised domestic market 4.2 Belgian food and grocery retailing and changing market leaders 4.3 Belgium- The land of fashion 4.4 Increasing inbound tourists offering growth opportunities in retail sector 5 Doing Business in Belgium 5.1 Summary 5.1.1 Bureaucracy 5.1.2 Business culture 5.1.3 Geography 5.1.4 Infrastructure and logistics 5.2 Key taxation policies 5.3 Belgian tax break is now termed illegal by the European Union 6 Retail - Product Sectors 6.1 Product Sector Analysis 6.1.1 Luggage and Leather Goods 6.2 Luggage and Leather Goods Category Analysis 6.2.1 Luggage and Leather Goods 6.3 Major Retailers 6.3.1 Luggage and Leather Goods 7 Appendix 7.1 Definitions 7.1.1 This report provides 2014 actual sales; while forecasts are provided for 2015 - 2019 7.2 Summary Methodology 7.2.1 Overview 7.2.2 The triangulated market sizing method 7.2.3 Industry surveys in the creation of retail market data 7.2.4 Quality control and standardized processes 7.3 About Verdict Retail 7.4 Disclaimer
List of Tables
Table 1: Belgium Luggage and Leather Goods Retail Sales (EUR mn), by Channel Group, 2010-2015 Table 2: Belgium Luggage and Leather Goods Retail Sales Forecast (EUR mn), by Channel Group, 2015-2020 Table 3: Belgium Luggage and Leather Goods Retail Sales (US$ mn), by Channel Group, 2010-2015 Table 4: Belgium Luggage and Leather Goods Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020 Table 5: Belgium Luggage and Leather Goods Retail Segmentation, by Channel Group, 2010-2020 Table 6: Key Luggage and Leather Goods Retailers in Belgium Table 7: Belgium Exchange Rate EUR-US$ (Annual Average), 2009-2014 Table 8: Belgium Exchange Rate EUR-US$ (Annual Average), 2015-2019 Table 9: Verdict Retail Channel Definitions Table 10: Verdict Retail Category Definitions
List of Figures
Figure 1: GDP Values (Current US$) billion, 2010-2015 Figure 2: Growth Rate of GDP (Constant US$), 2010-2015 Figure 3: GDP Value and Growth (EUR billion, %), 2010-2015 Figure 4: Forecasts for GDP Value and Growth (EUR billion, %), 2015-2020 Figure 5: Gross domestic savings (% of GDP) 2005-2015 Figure 6: Share of Employment by Sector (%), 2005 and 2015 Figure 7: Unemployment Rate (%), 2005-2015 Figure 8: Inflation Growth Rates (%), 2005-2015 Figure 9: Household Consumption Expenditure of Belgium (EUR Billion), 2005 and 2015 Figure 10: Household Consumption Expenditure of Major Countries (US$ Billion), 2015 Figure 11: Growth of Household Consumption Expenditure (%), 2005-2015 Figure 12: Total Population and Growth Rate (Millions, %), 2005-2020 Figure 13: Population Split by Gender (%), 2015 and 2020E Figure 14: Population Split by Age Group (%), 2015 and 2020E Figure 15: Per Capita Spend on Retail (EUR), 2005 and 2015 Figure 16: Per Capita Spend (EUR) on Retail by Age Group (%), 2005 and 2015 Figure 17: Rural and Urban Populations (% of total population) 2005, 2015E and 2020E Figure 18: Major Cities with High Spend on Retail Figure 19: Doing Business in Belgium Figure 20: Share of Luggage and Leather Goods in overall Retail 2015 and 2020 Figure 21: Retail Sales Value and Growth (EUR billion, %) of Luggage and Leather Goods 2015-2020 Figure 22: Spend-per-Head on Luggage and Leather Goods 2015 and 2020 Figure 23: Online Spend in Luggage and Leather Goods 2015-2020 Figure 24: Online Share of total Luggage and Leather Goods Spend 2015 and 2020 Figure 25: Spending per Channel in Luggage and Leather Goods (%) 2015 and 2020 Figure 26: Belgium Luggage and Leather Goods Retail Sales and Forecast (EUR mn), by Channel Group, 2010-2020 Figure 27: The Triangulated Market Sizing Methodology
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