The turnover in Belgium's Services to Buildings and Landscape Activities sector stood at 9.47 billion Euros in 2023. Analyzing the year-on-year variations reveals a steady upward trend, with fluctuations over the years. From 2021 to 2023, the sector saw a consistent increase of 4.05% on average annually. Looking at the recent past, the CAGR over the last five years was 4.48%, demonstrating robust upward momentum.
Future trends indicate a slightly slower growth rate. The forecasted CAGR from 2024 to 2028 is 2.77%, amounting to a cumulative growth of 14.66%. This slower pace suggests potential market saturation or external economic pressures, warranting close monitoring of economic factors, technological advancements, and regulatory changes in the sector.
