The gross investment in the sale of motor vehicles sector in Belgium has shown significant fluctuations over the past decade. The sector experienced notable growth between 2013 and 2018, peaking at 1220 million Euros in 2018. However, there were subsequent declines in 2019 and 2020 due to various economic factors. From 2021 onward, the sector exhibited recovery, with a consistent upward trend continuing into 2024, where the investment stood at 1050 million Euros. The projected CAGR for the next five years (2024-2028) is 1.8%, indicating steady growth.
Future trends to watch for include:
• The impact of technological advancements and electric vehicle adoption on investment.
• Economic recovery post-COVID-19 and its influence on consumer spending.
• Government policies and incentives promoting sustainable mobility.
• Market competition and innovations driving investment levels in the sector.
