The agricultural trailers market in Belgium experienced fluctuations from 2013 to 2023, with a notable decline in 2020 due to external factors potentially tied to global events. However, the market showed resilience and rebounded significantly in 2021 and 2022. In 2023, the market size stood at 36.514 million USD, reflecting a marginal year-on-year increase of 0.59%. The past five years, ending 2023, marked a modest average annual growth rate (CAGR) of 1.22%, indicating a slow yet steady recovery.
Looking ahead, the market is expected to maintain a steady growth trajectory with a forecasted 5-year CAGR of 0.49%, projecting to reach 37.529 million USD by 2028. This highlights a cumulative growth rate of 2.48% over the forecast period.
Future trends to watch for include technological advancements in trailer design and functionality, increasing adoption of precision agriculture, and the potential impact of environmental regulations and sustainability initiatives. Market players should also monitor economic factors and EU agricultural policies that could influence demand dynamics.
