The turnover of urban and suburban passenger land transport in Belgium exhibited fluctuations between 2013 and 2023, peaking at 421.8 million Euros in 2019 and dipping to 325.5 million Euros in 2015. By 2023, the value stood at 362.6 million Euros, with a year-on-year increase of 0.75%. Over the last two years, there was a slight upward trend with a cumulative annual growth rate (CAGR) of 1.67%. Projecting into the future, the forecast data from 2024 to 2028 indicates a consistent decline with a CAGR of -2.43% and an overall decrease of 11.59% over this period.
Future trends to watch for include shifts in transportation policies, the adoption of sustainable transport solutions, and the impact of technological advancements in urban mobility. Additionally, demographic changes and consumer preferences for public transport will influence future turnover in this sector.
