PROSPECTS AND OPPORTUNITIES
Pet shops and superstores will maintain a robust performance
Pet shops and superstores will maintain a robust performance over the forecast period, due to consumers being willing to invest in their pets. Also, as the economy recovers and disposable incomes increase, along with consumers becoming increasingly conscious of their pets' health and well-being, demand for high-quality, nutritious, and natural food options, as well as eco-friendly pet products, is set to rise, adding value to the category and boosting sales.
DIY trends will continue to support sales for home improvements and gardening stores
Ongoing DIY trends will continue to support sales for home improvements and gardening stores over the forecast period and will also help to support slightly higher value sales for homewares and home furnishing stores as consumers’ spending power increases again. Retail e-commerce will also be relevant here, as online shopping has seen significant growth across various industries and will continue to shape the retail landscape over the coming years.
Fierce competition will continue over the coming years
With a positive economic outlook and an estimated increase in spending, the competitive landscape in the channel is expected to become increasingly fierce. As the country recovers from economic challenges and consumers regain purchasing power, demand for a wide variety of products is set to grow, driving competition between existing players and attracting new market entrants.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Portugal 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 Portugal, 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 Portugal 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 Portugal?
- Which are the leading retailers in Home Products Specialists in Portugal?
- 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 Portugal - Category analysis
KEY DATA FINDINGS
Home products specialists maintain relatively stable value sales
Pet shops and superstores show the strongest value growth
DIY trends boost results for home improvement and gardening stores
Pet shops and superstores will maintain a robust performance
DIY trends will continue to support sales for home improvements and gardening stores
Fierce competition will continue over the coming years
Retail in Portugal - Industry Overview
Retail in 2024: The big picture
Technological trends
Changing consumer behavior and sustainability
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Black Friday
Christmas
Back to School
Easter
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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