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Retailing in Belgium- Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

Published: Jun 30, 2016 | Pages: 146 | Publisher: Verdict Financial | Industry: Retail | Report Format: Electronic (PDF)

Summary
Belgium's retail sector is currently affected by various macro-economic factors- low inflation and low GDP growth, have ruled the country. However, the economic recovery along with the increase of exports and investments in Belgium are picking up which are sending positive signs of retail growth. On the other hand, high internet penetration, very high mobile penetration, and rising Smartphone sales are expected to fuel the online retail channel. Overall, we expect an optimistic retail environment in the next five years.

Key Findings
-Online retail is gaining traction in the country, but most of the market is dominated by international players

-Belgium is an important market for jewellery and 80% of the global diamonds pass through Antwerp

-Geographical location and highly organized logistics among FLAP quadrilateral drive the retail business

-More than 70% of the food and grocery in controlled by the top there players in the market 

-Food and grocery is the largest category group by retail sales

Synopsis
"Retailing in Belgium- Market Summaryand Forecasts, 2015-2020" provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Belgium's retail environment. In addition, it analyzes the key consumer trends influencing Belgium's retail industry.

What else does this report offer?

-In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics (covering 26 product categories), and reviews of the latest best practice in online retail site design

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

-Retail sales and the fastest-growing 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, Jewellery, Watches and Accessories, and Luggage and Leather Goods

-Qualitative and quantitative insights of changing retail dynamics across various channels

Reasons To Buy
-Gain comprehensive knowledge on 26 products across 12 product sectors in Belgium's retail market and develop a competitive 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 key consumer and technology trends influencing the retail market

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

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

-Understand the fastest-growing categories in the market with insights on the performance of individual product categories, across key channels from 2010, with forecasts until 2020 

-Analysis of key international and domestic players operating in Belgium's retail market - including store counts and revenues that give you a competitive edge and 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 Internet and Technology 6.1 Internet infrastructure in Belgium is one of the best in the world 6.2 Fixed broadband penetration remains low 6.3 M-commerce is on the rise with increasing Smartphone penetration 6.4 Technology Trend 6.4.1 Contactless payments by Carrefour Belgium 7 Retail Top line 7.1 Total Retail 7.1.1 Online sales and growth 7.2 Summary of Product Sectors 7.2.1 Share of key product sectors 7.2.2 Key product sectors 7.3 Summary of Channels 7.3.1 Spend per channel 7.3.2 Online penetration of key product sectors 8 Retail - Product Sectors 8.1 Product Sector Analysis 8.1.1 Clothing 8.1.2 Footwear 8.1.3 Books, News, and Stationery 8.1.4 Electrical and Electronics 8.1.5 Food and Grocery 8.1.6 Health and Beauty 8.1.7 Furniture and Floor Coverings 8.1.8 Home and Garden Products 8.1.9 Music, Video, and Entertainment Software 8.1.10 Sports and Leisure Equipment 8.1.11 Jewellery, Watches, and Accessories 8.1.12 Luggage and Leather Goods 9 Retailers 9.1 Clothing 9.2 Footwear 9.3 Books, News, and Stationery 9.4 Electrical and Electronics 9.5 Food and Grocery 9.6 Health and Beauty 9.7 Furniture and Floor Coverings 9.8 Home and Garden Products 9.9 Music, Video, and Entertainment Software 9.1 Sports and Leisure Equipment 9.11 Jewellery, Watches, and Accessories 9.12 Luggage and Leather Goods 10 Appendix 10.1 Definitions 10.1.1 This report provides 2014 actual sales; while forecasts are provided for 2015 - 2019 10.2 Summary Methodology 10.2.1 Overview 10.2.2 The triangulated market sizing method 10.2.3 Industry surveys in the creation of retail market data 10.2.4 Quality control and standardized processes 10.3 About Verdict Retail 10.4 Disclaimer
List of Tables
Table 1: Belgium Clothing Retail Sales (EUR bn), by Product Sub-Category, 2010-2015 Table 2: Belgium Clothing Retail Sales (EUR bn), by Product Sub-Category, 2015-2020 Table 3: Belgium Footwear Retail Sales (EUR bn), by Product Sub-Category, 2010-2015 Table 4 Belgium Footwear Retail Sales (EUR bn), by Product Sub-Category, 2015-2020 Table 5: Major Domestic Retailers in Belgium Table 6: Major International Retailers in Belgium Table 7: Key Clothing Retailers in Belgium Table 8: Key Footwear Retailers in Belgium Table 9: Key Books, News, and Stationery Retailers in Belgium Table 10: Key Electrical and Electronics Retailers in Belgium Table 11: Key Food and Grocery Retailers in Belgium Table 12: Key Health and Beauty Retailers in Belgium Table 13: Key Furniture and Floor Coverings Retailers in Belgium Table 14: Key Home and Garden Products Retailers in Belgium Table 15: Key Music, Video, and Entertainment Retailers in Belgium Table 16: Key Sports and Leisure equipment Retailers in Belgium Table 17: Key Jewellery, Watches, and Accessories Retailers in Belgium Table 18: Key Luggage and Leather Goods Retailers in Belgium Table 19: Belgium Exchange Rate EUR-US$ (Annual Average), 2009-2014 Table 20: Belgium Exchange Rate EUR-US$ (Annual Average), 2015-2019 Table 21: Verdict Retail Channel Definitions Table 22: 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: Total Number of Internet Users and Penetration (Millions, %), 2006-2015 Figure 21: Total Number of Fixed Broadband Users and Penetration (Millions, %), 2005-2015 Figure 22: Total Number of Mobile Phone Subscriptions and Penetration (Millions, %), 2005-2015 Figure 23: Carrefour launches contactless payments Figure 24: Retail Sales Value and Growth (EUR billion, %), 2005-2015 Figure 25: Retail Sales as % of Total Consumer Spend (%), 2005 and 2015 Figure 26: Total Retail Sales and Growth Rate (EUR billion, %), 2015 and 2020 Figure 27: Online Sales and Growth Rate (EUR billion, %) 2015-2020 Figure 28: Share of Key Product Sectors (%), 2015 and 2020 Figure 29: Growth Rate of Key Product Sectors vs. Growth of Total Retail (%), 2015-2020 Figure 30: Value Growth of Key Product Sectors (EUR billion), 2015-2020 Figure 31: Spend Per Channel, 2015 and 2020 Figure 32: Online Penetration of Key Product Sectors (%), 2015 Figure 33: Online Penetration of Key Product Sectors (%), 2020 Figure 34: Share of Clothing in overall Retail 2015 and 2020 Figure 35: Retail Sales Value and Growth (EUR billion, %) of Clothing 2015-2020 Figure 36: Spend-per-Head on Clothing 2015 and 2020 Figure 37: Share of Clothing by Women's Wear, Men's Wear and Children's Wear 2015 and 2020 Figure 38: Children swear Sales Value and Growth (EUR billion, %) 2015-2020 Figure 39: Menswear Sales Value and Growth (EUR billion, %) 2015-2020 Figure 40: Women swear Sales Value and Growth (EUR billion, %) 2015-2020 Figure 41: Online Spend in Clothing 2015-2020 Figure 42: Online Share of Total Clothing Spend 2015 and 2020 Figure 43: Spending per Channel in Clothing (%) 2015 and 2020 Figure 44: Share of Footwear in Total Retail 2015 and 2020 Figure 45: Retail Sales Value and Growth (EUR billion, %) of Footwear 2015-2020 Figure 46: Spend-per-Head on Footwear 2015 and 2020 Figure 47: Share of Footwear by Women's Footwear, Men's Footwear and Children's Footwear 2015 and 2020 Figure 48: Women's Footwear Sales Value and Growth (EUR billion, %) 2015-2020 Figure 49: Men's Footwear Sales Value and Growth (EUR billion, %) 2015-2020 Figure 50: Children's Footwear Sales Value and Growth (EUR billion, %) 2015-2020 Figure 51: Online Spend in Footwear 2015-2020 Figure 52: Online Share of total Footwear Spend 2015 and 2020 Figure 53: Spending per Channel in Footwear (%) 2015 and 2020 Figure 54: Share of Books, News and Stationery in Total Retail2015 and 2020 Figure 55: Retail Sales Value and Growth (EUR billion, %) of Books, News, and Stationery 2015-2020 Figure 56: Spend-per-Head on Books, News, and Stationery 2015 and 2020 Figure 57: Online Spend in Books, News, and Stationery 2015-2020 Figure 58: Online Share of total Books, News and Stationery Spend 2015 and 2020 Figure 59: Spending per Channel in Books, News, and Stationery (%) 2015 and 2020 Figure 60: Share of Electrical and Electronics in overall Retail 2015 and 2020 Figure 61: Retail Sales Value and Growth (EUR billion, %) of Electrical and Electronics 2015-2020 Figure 62: Spend-per-Head on Electrical and Electronics 2015 and 2020 Figure 63: Online Spend in Electrical and Electronics 2015-2020 Figure 64: Online Share of total Electrical and Electronics Spend 2015 and 2020 Figure 65: Spending per Channel in Electrical and Electronics (%) 2015 and 2020 Figure 66: Share of Food and Grocery in overall Retail 2015 and 2020 Figure 67: Retail Sales Value and Growth (EUR billion, %) of Food and Grocery 2015-2020 Figure 68: Spend-per-Head on Food and Grocery 2015 and 2020 Figure 69: Online Spend in Food and Grocery 2015-2020 Figure 70: Online Share of total Food and Grocery Spend 2015 and 2020 Figure 71: Spending per Channel in Food and Grocery (%) 2015 and 2020 Figure 72: Share of Health and Beauty in overall Retail 2015 and 2020 Figure 73: Retail Sales Value and Growth (EUR billion, %) of Health and Beauty2015-2020 Figure 74: Spend-per-Head on Health and Beauty2015 and 2020 Figure 75: Online Spend in Health and Beauty2015-2020 Figure 76: Online Share of total Health and Beauty Spend 2015 and 2020 Figure 77: Spending per Channel in Health and Beauty (%) 2015 and 2020 Figure 78: Share of Furniture and Floor Coverings in overall Retail 2015 and 2020 Figure 79: Retail Sales Value and Growth (EUR billion, %) of Furniture and Floor Coverings 2015-2020 Figure 80: Spend-per-Head on Furniture and Floor Coverings 2015 and 2020 Figure 81: Online Spend in Furniture and Floor Coverings 2015-2020 Figure 82: Online Share of total Furniture and Floor Coverings Spend 2015 and 2020 Figure 83: Spending per Channel in Furniture and Floor Coverings (%) 2015 and 2020 Figure 84: Share of Home and Garden Products in overall Retail 2015 and 2020 Figure 85: Retail Sales Value and Growth (EUR billion, %) of Home and Garden Products 2015-2020 Figure 86: Spend-per-Head on Home and Garden Products 2015 and 2020 Figure 87: Online Spend in Home and Garden Products 2015-2020 Figure 88: Online Share of total Home and Garden Products Spend 2015 and 2020 Figure 89: Spending per Channel in Home and Garden Products (%) 2015 and 2020 Figure 90: Share of Music, Video, and Entertainment Software in overall Retail 2015 and 2020 Figure 91: Retail Sales Value and Growth (EUR billion, %) of Music, Video, and Entertainment Software Figure 92: Spend-per-Head on Music, Video, and Entertainment Software 2015 and 2020 Figure 93: Online Spend in Music, Video, and Entertainment Software 2015-2020 Figure 94: Online Share of total Music, Video, and Entertainment Software Spend 2015 and 2020 Figure 95: Spending per Channel in Music, Video, and Entertainment Software Spend 2015 and 2020 Figure 96: Share of Sports and Leisure Equipment in overall Retail 2015 and 2020 Figure 97: Retail Sales Value and Growth (EUR billion, %) of Sports and Leisure Equipment 2015-2020 Figure 98: Spend-per-Head on Sports and Leisure Equipment 2015 and 2020 Figure 99: Online Spend in Sports and Leisure Equipment 2015-2020 Figure 100: Online Share of total Sports and Leisure Equipment Spend 2015 and 2020 Figure 101: Spending per Channel in Sports and Leisure Equipment (%) 2015 and 2020 Figure 102: Share of Jewellery, Watches, and Accessories in overall Retail 2015 and 2020 Figure 103: Retail Sales Value and Growth (EUR billion, %) of Jewellery, Watches, and Accessories 2015-2020 Figure 104: Spend-per-Head on Jewellery, Watches, and Accessories 2015 and 2020 Figure 105: Online Spend in Jewellery, Watches, and Accessories 2015-2020 Figure 106: Online Share of total Jewellery, Watches, and Accessories Spend 2015 and 2020 Figure 107: Spending per Channel in Jewellery, Watches, and Accessories (%) 2015 and 2020 Figure 108: Share of Luggage and Leather Goods in overall Retail 2015 and 2020 Figure 109: Retail Sales Value and Growth (EUR billion, %) of Luggage and Leather Goods 2015-2020 Figure 110: Spend-per-Head on Luggage and Leather Goods 2015 and 2020 Figure 111: Online Spend in Luggage and Leather Goods 2015-2020 Figure 112: Online Share of total Luggage and Leather Goods Spend 2015 and 2020 Figure 113: Spending per Channel in Luggage and Leather Goods (%) 2015 and 2020 Figure 114: The Triangulated Market Sizing Methodology

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