Forecast: Trucks Production in Belgium

The truck production in Belgium has experienced a varied trajectory over the past decade. From a production value of 37.14 thousand in 2013, it saw fluctuations, peaking in 2016 at 44.88 thousand before dipping significantly in 2020 to 30.07 thousand, likely impacted by global disruptions. The recovery began in 2021 with a production value increase of 22.33% and continued to rise to 44.89 thousand in 2023. The latest data for 2023 stands at 44.89 thousand in truck production volume. Year-on-year variation shows a 1.21% increase from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 1.25%.

Looking ahead, the forecast indicates a steady increase in truck production with projected values climbing to 48.42 thousand by 2028. The forecasted CAGR for the next five years stands at 1.2%, aligning with a total forecasted growth rate of 6.16% over the same period.

Future trends to watch for include advancements in electric and autonomous truck technology, shifts in supply chain strategies, and the impact of environmental regulations on production practices.