PROSPECTS AND OPPORTUNITIES
Demand for homewares and home furnishing products set to grow
As the negative effects of the inflation crisis continue to dissipate this is likely to benefit homewares and home furnishing stores. Indeed, as consumers become less conservative with their spending they are likely to be keen to renew and refresh their home’s furniture and design.
Amid premiumisation, pet shop shops and superstores to score growth
As inflation stabilises and once the economy picks up it is expected that the market will see a degree of premiumisation, especially where pet care is concerned. The pet humanisation trend is well established in Belgium with owners increasingly looking to indulge their pet companions with treats, high quality food, toys and furniture.
E-commerce to develop in home products specialists
Home products specialists are likely to strongly invest in e-commerce over the forecast period. Indeed, in order to react to the growing success of pure online players such as ManoMano, the likes of Gamma and Hubo (home improvement and gardening stores) Ikea and Jysk are expected to invest in strengthening their e-commerce businesses, especially in terms of logistics and home delivery policies.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products 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 Home Products 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 Home Products 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 Home Products Specialists in Belgium?
- Which are the leading retailers in Home Products 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?
Home Products Specialists in Belgium - Category analysis
KEY DATA FINDINGS
Negative performance in 2024 for homewares and home furnishing stores
Poor weather puts a dent in sales through home improvement and gardening stores
Ikea and Jysk standout performers
Demand for homewares and home furnishing products set to grow
Amid premiumisation, pet shop shops and superstores to score growth
E-commerce to develop in home products 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
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Home Products Specialists research and analysis database.
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