The mobile cranes market in Belgium saw varied growth from 2012 to 2022, with fluctuating per capita values. Between 2012 and 2017, there was a steady increase, peaking in 2017 at 13.01 USD per capita. 2018 marked a slight decline, while a more significant drop was noted in 2019, reaching 10.36 USD per capita. Recovery efforts show marginal growth between 2020 and 2022, with a 2023 performance expected to align with recent trends.
The year-on-year variation from 2021 to 2022 indicates a modest increase of approximately 4.74%, reflecting a moderate recovery movement. Over the last five years, the compounded annual growth rate (CAGR) underscores a slightly negative trend due to earlier declines.
Looking ahead, market analysts should watch for evolving construction industry demands, innovative mobile crane technologies, and economic factors affecting capital investment. Sustainability practices and regulatory policies may also play crucial roles in shaping future market dynamics.
