With the growing awareness in the population of
recent trend, the wholesale and retail market is growing more actively in the
respective region. Moreover, with the significant development in the economy
the retail sector of Belgium has grown in the present era. Not only has this,
the significant increase in the disposable income and drastic change in the
lifestyle lead the market growth of the retail sector in Belgium. The demand is
growing by the time as the population is increasing which makes the retailers to
set up their online stores or blending up with the other players who are
running an online platform for selling the products across the globe. The
consumers believe that the online products are more reliable and assured as
they are rated by the buyers only. The key players of this region is making
effective strategies and policies for increasing the demand of the product at a
reasonable rate which further lead to the market growth more significantly.
According to the report analysis, ‘Retailing in Belgium, Market Shares,
Summary and Forecasts to 2022’ states
that some of the major companies which are currently functioning in this domain
for acquiring the highest share across the globe by establishing an online
platforms and more offline stores involves Esprit, H&M, Zara, JBC, C&A,
Galeria Inno, Torfs, Zeeman, A.S. Adventure, Primark, Colruyt, Carrefour SA, Aldi
Group, Delhaize(Belgium), Lidl, SPAR International BV, Okay, Intermarche, Collect&Go,
Cora, Media Markt, Selexion, Krefel, Vanden Borre, Cool Blue, Expert, Carrefour
Market, FNAC, Bol.com, Eldi, Carrefour, Kruidvat, Colruyt, ICI Paris XL, Di,
Multipharma, Aldi, Lloyds Pharmacy, Pearle, Familia, IKEA, Hubo, Brico, Gamma,
Action, Aveve, Mr Bricolage, ColliShop,Trafic, Plan-It and several others.
Moreover, the report consists prominent information and detail information with
the market insights of consumer trends, fluctuating economic and demographic
factors with the technological innovations and other key macroeconomic factors.
In 2017, the retail sales in the region reached
EUR83.7 billion and are expected to increase at a CAGR of 2.2% over the next
five years to reach EUR93.2 billion by the end of 2022. Whereas, in 2017 the
sector of clothing and footwear sector is fragmented with the top 10 retailers
which are contributing only 25.1% of the entire sales. The online channel will
dependably outperform other channels in terms of growth over the coming five
years with a great CAGR of 11.3%. Not only has this, with the growth in the
health conscious population the Food and Grocery retail sales accounted for the
highest share at 51.9% of the total Belgium retail industry. However, in 2017
the health and beauty is the fourth largest sector in the Belgian retail
industry and underwriting 9.0% to the total supply. The floor and furniture
covering specialists and home development and gardening sales specialists
attain the home sector.
The active key players are making effective
strategies and policies for dominating the share and making the product more
effective which make the market more competitive and further dominate by the
investor by support the market financially. Therefore, it is expected that in
the near future the retail market in the Belgium will grow more actively over
the next few years.
For more information on the research
report, refer to below link:- https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/retailing-belgium-market/157376-95.html
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