The turnover in the rail transportation sector in Belgium experienced significant fluctuations over the past decade, peaking at €5.81 billion in 2016 and experiencing a substantial decline to €2.4 billion in 2028. In 2023, the turnover stood at €3.02 billion, witnessing a year-on-year decrease of 4.44%. Over the last five years, the sector presented an average annual contraction (CAGR) of 3.6%, indicating a gradual decline.
The future outlook suggests continuous contraction in the rail transportation sector with a forecasted average annual decline rate of 3.6% over the next five years, leading to an approximate 16.75% decrease by 2028. Future trends to watch for include the impact of technological advancements and environmental policies, which could potentially alter the trajectory of the sector's turnover.
