Market Trends of E-brokerage Industry in Spain
This section covers the major market trends shaping the Spain E- Brokerage Market according to our research experts:
The Financial Products contribute to highest percentage of Family assets of Spanish
The brokerage market is closely related to financial market investments. The recent trend in savings habits of Spain shows the increasing figures. The saving reached a high of 31.17% in July 2020 where the pandemic resulted in higher savings. But the savings started to decrease in the last quarter of 2020 where savings was only 20% in Jan 2021. The savings alone do not contribute to the revenue in the e-brokerage market. To generate revenue the saving should be channelized to the capital market instrument. The data shows that most of the savings of Spaniards are directed toward financial products(54%) and real estate and property(39%). Pension plans are the most popular investment channelizing 14% of savings, followed by bank deposits (11%). The investment in equity shares comes in the third position
The large chunk of average savers are most targeted segment for E brokerage
Researches' shows that around 43% of the population managed to save between 5000 to 15000 euros for the period so this average saver segment of the population is more targeted by e brokerage houses. Also, 10% managed to save 40,000 euros and more they should be targeted as high net worth customers. The researches also show that people from Aragon, Cantabria, Pais Vasco, and Rioja La have a high saving appetite.
