PROSPECTS AND OPPORTUNITIES
More outlets expected to close as independent operators struggle to remain competitive
Appliances and electronics specialists is a highly fragmented channel in Belgium, featuring a large number of small, independent outlets listed under “others.” However, with growing pressure on profit margins, independent outlets are likely to struggle over the forecast period, with larger chains and major online retailers often able to offer lower prices and more attractive promotions.
Demand for appliances set to increase but store-based retailers could lose out to online retailers
As consumer confidence improves and pressure on purchasing power falls, consumers are set to become less conservative with their spending. This should encourage them to spend money on new, more modern and more sustainable appliances.
Logistics innovation could help reduce pressure on profit margins for appliances and electronics specialists
Innovation, especially in terms of logistics, is likely to be a relevant driver for retailers as they look to reduce pressure on their profit margins. This is relevant for non-grocery retailers overall but especially for appliances and electronics specialists.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Belgium with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Belgium, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Appliances and Electronics Specialists in Belgium report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Appliances and Electronics Specialists in Belgium?
- Which are the leading retailers in Appliances and Electronics Specialists in Belgium?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Appliances and Electronics Specialists in Belgium - Category analysis
KEY DATA FINDINGS
Amid competition from retail e-commerce, appliances and electronics specialists offline sales declined
Krefel ditches its kitchen production and furniture in favour of its kitchen appliances
Consumer electronics outperform consumer appliances
More outlets expected to close as independent operators struggle to remain competitive
Demand for appliances set to increase but store-based retailers could lose out to online retailers
Logistics innovation could help reduce pressure on profit margins for appliances and electronics specialists
Retail in Belgium - Industry Overview
Retail in 2024: The big picture
Retailer profit margins under pressure
Online retail continued to gain share in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back To School
DISCLAIMER
Appliances and Electronics Specialists
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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