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Learn more41 pages, Dec 2018
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2018 saw further store closures due to the strengthening presence of online retailers and the ease of buying goods online. The number of closures of independent stores remained high in 2018, while some chains also saw their number of outlets decline significantly.
In 2018, consumer electronics remained a saturated industry, characterised by rapid innovation. As a result, consumer electronics in Belgium has tended to become more of a replacement market than a market which is looking for new customers.
2018 saw an ongoing move towards the second-hand market as more consumers were seduced by reconditioned electronics and appliances. Environmental concerns played a role in this, thus benefiting organised players like 2ememain.
Electronics and appliance specialist retailers remained a very fragmented channel in 2018, led by Media Markt-Saturn Belgium. In 2018, following the integration of Vanden Borre, Media Markt announced a partnership with Fnac.
In order to continue to attract consumers, electronics and appliance specialist retailers must find new ways to improve consumers’ in-store experience. At the end of 2017, Media Markt unveiled a new store concept in Wilrijk.
In mid-2018, the Belgian Minister of Telecommunications announced that he was in favour of opening up the telecoms and mobile network market to a fourth player. The entry of a new player will boost investment, accelerate innovation and reduce prices, thus likely giving new dynamism to the telecoms industry over the forecast period.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Electronics and Appliance Specialist Retailers industry in Belgium with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Electronics and Appliance Specialist Retailers industry in Belgium, our research will save you time and money while empowering you to make informed, profitable decisions.
The Electronics and Appliance Specialist Retailers in Belgium market research report includes:
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Why buy this report?
This industry report originates from Passport, our Retailing market research database.
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.