In Belgium, the forecast for new registrations of road tractors from 2024 to 2028 indicates a steady increase in volume. The values, expressed in thousands, show a year-on-year growth rate of approximately 2.73% between 2024 and 2025, and consistent growth of about 2.55% each year thereafter. This trend reflects a compound annual growth rate (CAGR) of approximately 2.59% over the forecasted period from 2024 to 2028. It's important to note that the value for 2023 stood at 7.50 thousand registrations, indicating a growth trend emerging into 2024.
Future trends to watch for include:
- Technological advancements in road tractors that could drive higher adoption rates.
- Evolving regulatory frameworks around emissions and sustainability, possibly influencing market dynamics.
- Economic factors such as infrastructure investments and transport industry growth impacting demand.