Jewellery, Watches and Accessories Retailing in Belgium Forecasts 2021 - Ken Research

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JewelLery, Watches and Accessories Retailing in
Belgium Forecasts 2021
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Landscape of Jewellery, Wallet Accessories
Retailing Market in Belgium

• The retail sales of jewellery, watches, and
  accessories are forecast to deliver a CAGR of
  2.15 during 2015-2020, to reach a market value
  of EUR1.04 billion by 2020Jewellery, watches and
  accessories accounts for 1.34 of the total
  retail sales in Belgium.
• Sales through online channel stood at 6.4 of the
  total sales in the sector in 2015 and are
  expected to reach 8 by 2020.
• Per capita spending on jewellery, watches, and
  accessories will show growth of 1.73 over the
  next five years.

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Landscape of Jewellery, Wallet Accessories
Retailing Market in Belgium

• Increasing fashion consciousness amongst the
  people
• Positive Economic conditions in Belgium

• High fluctuations in the Eurozone
• High price inflation due to high labor costs

• There is a lot of scope of penetration in
  semi-urban and rural areas as the purchasing
  power of people begin to improve .

• A lot of international players along with
  domestic players have sprung up.
• High competition might result in price wars,

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POSITIVE FACTORS CONTRIBUTING TOWARDS THE BELGIAN
JEWELLERY, ACCESSORIES and Watches market

• A steadily growing economy with opportunities for
  retailers
• A modest recovery in the economy, indicates a
  gradual improvement in retail spending
• Stable savings rate shows a consistency in retail
  consumption
• Improving labour market set to drive retail
  spending
• Improving inflation level may influence retail
  sales growth
• Household consumption expenditure is set to grow
  with a rise in income
• Balanced demography and social rise in the
  economy will favour retail market
• Increasing inbound tourists offering growth
  opportunities in retail sector

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Leading players in the BELGIAN JEWELLERY,
ACCESSORIES and Watches market
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Scope of the Report

• Detailed overview of the jewellery, accessories
  and watches retailing market in Belgium
• Key insights into the operating environment for
  the jewellery, accessories and watches retailing
  market in Belgium.
• Historic and forecast consumption values for
  jewellery, accessories and watches retailing
  covering 2010-2014 2015 provisional data and
  forecasts for 2016- 2021.
• Historic and forecast market value by product
  category across the jewellery, accessories and
  watches retailing industry for the period 2010
  through to 2021.
• Considering the macroeconomic scenario and its
  population composition, this segment undeniably
  promises well anchored, structured and
  withstanding growth prospects till 2021.

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Ken Research

• To know ore on the coverage, click on the link
  below
• https//www.kenresearch.com/consumer-products-and-
  retail/luxury-goods/jewellery-watches-accessories-
  retailing-belgium/37636-95.html
• Related Reports
• UK Jewellery Market 2016-21 Market size, market
  forecast and recommendations
• Ankur Gupta, Head Marketing Communications, Ken
  Research
• Email id query_at_kenresearch.com
• Phone No 91-124-4230204

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