The turnover in the sale of motor vehicles sector in Belgium shows a consistent upward trend from 2013 to 2023, with a few exceptions such as the declines in 2018 and 2020. By 2023, the sector stood at 84.6 billion Euros, reflecting a growth of 5.1% compared to the previous year. Over the last two years, the sector experienced an average annual growth of approximately 5.96%. Looking at the period from 2023 to 2028, the forecast indicates a slower but steady growth with a projected CAGR of 1.58% and cumulative growth of 8.15% over the five years.

Future trends to watch for in the sector include:

Increased adoption of electric and hybrid vehicles as a response to environmental concerns and regulatory pressures.
Advancements in autonomous driving technologies and their potential impact on vehicle sales.
Shifts in consumer preferences towards mobility-as-a-service (MaaS) rather than traditional vehicle ownership.
Economic uncertainties and their possible effects on consumer spending power in the automotive market.