Household expenditure on transport services in Belgium is forecasted to rise steadily from 2.18 billion Euros in 2024 to 2.32 billion Euros by 2028. From an actual value of 2.14 billion Euros in 2023, this reflects a year-on-year growth of approximately 1.83% to 1.77%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 1.78%.
Future trends to watch for include:
- Increasing adoption of sustainable and electric transport options, potentially accelerating expenditure in this category.
- Regulatory changes and economic factors, which could impact household budgets and spending behavior.
- Technological advancements in transport services, influencing cost structures and consumer preferences.
