Forecast: Number of Passenger Cars in Belgium

In 2023, the number of passenger cars in Belgium stood at 5.995 million. Looking at the forecasted data, there is a steady year-on-year increase in the number of passenger cars: 0.76% in 2024, 0.76% in 2025, 0.75% in 2026, 0.74% in 2027, and 0.72% in 2028. Over the 5-year forecast period, the compound annual growth rate (CAGR) is approximately 0.75% per annum.

Future trends to watch for include:

• Increasing adoption of electric vehicles which could affect the composition, if not the total number, of passenger cars
• Evolving regulatory policies towards emission norms that might boost or hinder growth
• Potential economic factors such as income levels and fuel prices impacting consumer purchasing power and preferences