The market size value per capita for motor vehicle chassis fitted with engines in Belgium showed a consistent decline from 2013 to 2023, dropping from $6.28 to $3.76 in US dollars. Over the last two years, from 2022 to 2023, the market experienced a decrease of 5.3%. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was -5.3%, indicating a steady decline. In 2023, the value stood at $3.76 per capita.
Future trends to watch include potential technological advancements in the automotive industry, such as shifts towards electric and hybrid vehicle integration, which could impact market dynamics and consumer demand for traditionally engined vehicles in Belgium.
