Forecast: Share of Road Freight Transport in Belgium

In 2023, the share of road freight transport in Belgium was at 77.3%. As we forecast the data from 2024 to 2028, we see a steady increase in the value, starting from 77.5% in 2024 and reaching 78.3% by 2028. The year-on-year variation shows a minimal yet consistent increase of approximately 0.2% each year. Over the last two years, the growth rate has been steady at around 0.26%. The Compound Annual Growth Rate (CAGR) for the next five years is expected to be around 0.26%, indicating a stable but modest growth in the share of road freight transport.

Future trends to watch for:

• Increased regulatory measures and environmental policies that could impact the growth trajectory of road freight transport.
• Technological advancements, such as autonomous trucks, which could improve efficiency and influence market dynamics.
• Potential shifts in the economic landscape, affecting the volume and share of goods transported by road.