Belgium’s retail market for electrical and electronics holds a market share of 7.7% in 2015. Belgians are highly adaptable to the latest gadgets and smart devices however the stagnation in the economy is affecting the sales growth in the expensive electrical and electronics market. However demand for electrical and electronics is expected to grow at a CAGR of 1.56% to reach EUR5.8 billion by 2020. During 2015-2020, online spending is forecast to increase at a CAGR of 7.48%, to reach EUR1.8 billion by 2020.
Online channel is gaining increasing adoption and sales through this channel are estimated to contribute 23.7% of the total electrical and electronics sales.
Electrical and electronics specialists will remain the major channel for sales having accounted for 59.5% of the sales in the category
The electrical and electronics sector in the country is dominated by a mix of domestic retailers and international retailers
“Electrical and Electronics Retailing in Belgium-Market Summary & 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 electrical and electronics retail dynamics for communication equipment, computer hardware and software, consumer electronics, household appliances, photographic equipment from 2010 to 2020
The report further covers the sales of electrical and electronics products through the following channels from 2010 to 2020: Electrical and electronics specialists; online; hypermarkets, supermarkets and hard-discounters; music, video, book, stationery and entertainment software specialists; value, variety stores and general merchandise retailers; department stores; other general and non-specialist direct retailers; cash and carries and warehouse clubs; other specialist retailers and convenience Stores (including Independents) and gas stations
An overview of key electrical and electronics retailers operating across the product segment and their presence across channels
Reasons To Buy
Gain a comprehensive knowledge on electrical and electronics 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 electrical and electronics 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 communications equipment, computer hardware and software. consumer electronics, household appliances and photographic equipment in the market, 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 electrical and electronics market
Analysis of key international and domestic players operating in the electrical and electronics market-including store counts and revenues that give you a competitive edge identify opportunities to improve your market share
Ankur Gupta, Head Marketing & Communications