The market size volume has experienced several fluctuations over the years. Up to 2018, the market consistently declined, followed by minor recovery phases in 2019 and 2021. However, a general downtrend persists with a forecasted CAGR of -1.59% from 2023 to 2028. Recent year-on-year variations reflect a mix of small declines and minor recoveries, culminating in a forecasted decrease in market size to 528.92 thousand by 2028.
Year-on-Year Variation
- 2022: -1.8%
- 2023: -1.79%
Future Trends to Watch For
Potential trends include technological advancements in automation and robotics, shifts in global supply chains, and regulatory changes affecting the manufacturing environment in Belgium. The sector's adaptation to these trends will likely shape its future performance.
