Based on the data, the first registrations of new vehicles in Belgium are projected to rise steadily from 2024 to 2028. The year-on-year variations are as follows:
- 2024: Data is forecasted, standing at 563.81 thousand registrations
- 2025: An increase of 2.1% compared to 2024
- 2026: An increase of 2.1% compared to 2025
- 2027: An increase of 2.0% compared to 2026
- 2028: An increase of 1.9% compared to 2027
The data suggests a stable and consistent growth pattern, reflecting a Compound Annual Growth Rate (CAGR) of approximately 2.0% over the five-year period. For context, first registrations stood at 553.42 thousand in 2023.
Future trends to watch for include the transition to electric vehicles (EVs) driven by green policies, advancements in autonomous vehicle technology, and potential economic factors impacting consumer purchasing power. Additionally, watch for regulatory changes that could impact vehicle registration numbers and market shifts responding to climate change initiatives.
