The trucks market in Belgium has experienced notable fluctuations over the past decade. The market started at a size of 3.2272 billion USD in 2012, with steady growth observed until 2016, when it leaped significantly by 38.34% reaching 5.521 billion USD. The market size continued to grow albeit with some downturns, such as a notable dip in 2019 by -4.44% and a significant decline in 2020 by -13.38%, attributable to the COVID-19 pandemic's impact. However, a recovery was observed with a 17.9% year-on-year increase in 2021 and continued growth in 2022 by 8.27%, reaching 6.9143 billion USD.
In 2023, the trucks market's value stood strong, continuing its growth trajectory seen in the previous years.
Key trends to watch include:
- Technological advancements in truck manufacturing and logistics.
- Government regulations regarding emissions and environmental impact.
- Integration of electric and hydrogen-powered trucks in the market.
- Ongoing supply chain adjustments post-pandemic and geopolitical influences.
| # | 31 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35,368,000,000 | 2023 | +1.82% | +0.71% | View data |
| 2 | 2 United Kingdom | 31,707,000,000 | 2023 | +1.38% | +1.29% | View data |
| 3 | 3 Brazil | 22,772,000,000 | 2023 | -1.5% | -2.03% | View data |
| 4 | 4 Japan | 19,967,000,000 | 2023 | -3.63% | -4.09% | View data |
| 5 | 5 Italy | 17,159,000,000 | 2023 | +0.39% | -0.99% | View data |
| 6 | 6 Mexico | 14,387,000,000 | 2023 | -1.63% | -0.51% | View data |
| 7 | 7 Spain | 14,034,000,000 | 2023 | +1.44% | +0.43% | View data |
| 8 | 8 Belgium | 7,102,500,000 | 2023 | +2.72% | +1.65% | |
| 9 | 9 Switzerland | 3,874,300,000 | 2023 | +1.68% | +2.32% | View data |
| 10 | 10 Finland | 3,631,200,000 | 2023 | +6.31% | +3.19% | View data |
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