Forecast: Turnover of Renting and Leasing of Trucks in Belgium

The turnover of renting and leasing of trucks in Belgium has experienced considerable fluctuations between 2013 and 2023. From a peak of 314.2 Million Euros in 2015, the turnover saw varying declines and growths, standing at 231.2 Million Euros in 2023. Despite some growth periods, the average compound annual growth rate (CAGR) over this period is 0.6%. Over the last two years, the industry saw moderate positive growth with a 5.52% increase in 2023 compared to 2022.

Looking forward into the forecasted period from 2024 to 2028, the industry is expected to experience a slight decline with a CAGR of -0.23%. The anticipated turnover reduction suggests stability with minor adjustments, reflecting broader economic factors and potential market saturation. The expected forecast growth rate suggests cautious yet steady resilience in the market.

Future trends to watch for:

• Potential impacts of economic recessions and recovery phases on the leasing demand.
• Technological advancements in trucking and their adoption rates which could transform leasing dynamics.
• Regulatory changes in environmental standards influencing fleet upgrades and leasing preferences.
• Market responses to evolving logistical needs and supply chain optimizations.