Based on the forecasted data, the automotive output in Belgium is expected to gradually decline over the next five years. The values indicate a decrease from 1.3 in 2024 to 1.0 in 2028. Specifically, there will be a 7.7% decrease from 2024 to 2025, no change from 2025 to 2026, an 8.3% decrease from 2026 to 2027, and a 9.1% decrease from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for this period is negative, underscoring a consistent downward trend.
Future trends to watch for include technological advancements in automotive manufacturing, shifts in consumer demand towards electric vehicles, and potential economic factors that could impact production capacities. Monitoring global supply chain disruptions and regulatory changes in the EU will also be critical.
