The trucks market size value in Belgium stood at $7.1025 billion USD in 2023, marking a year-on-year growth of 2.72%. Historical data from 2013 to 2023 shows variable growth rates with a significant surge observed in 2016. The last five years presented an average CAGR of 1.65%, indicating moderate growth.
Future projections (2024-2028) forecast steady growth, with the market size expected to reach $8.0664 billion USD by 2028, reflecting a five-year CAGR of 2.06%.
Future trends to watch for include advancements in electric and autonomous trucks, increased regulatory pressures for emissions reductions, and shifts to more sustainable logistics solutions.
Latest reports
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