In 2023, the modal share of passenger cars in Belgium stood at 86.3%. Based on the forecasted data, we observe a steady increase in the modal share from 87% in 2024 to 89.6% in 2028.
Year-on-year variations indicate the following trends:
- 2024-2025: 0.8% increase
- 2025-2026: 0.7% increase
- 2026-2027: 0.8% increase
- 2027-2028: 0.6% increase
The compound annual growth rate (CAGR) over the five-year period (2024-2028) reflects an average annual increase of around 0.8%.
Future trends to watch for include the impact of emerging mobility solutions, such as shared and electric vehicles, which might influence the modal share of passenger cars. Additionally, governmental policies and environmental regulations promoting sustainable transport could also play a significant role in shaping the future landscape.
