The electrical and electronic equipment turnover for motor vehicles in Belgium showed significant fluctuations between 2013 and 2023. After notable declines in 2015, the sector experienced a dramatic recovery in 2017. However, turnover steadily decreased from 2018 onwards, with minor year-on-year variations from 2021 to 2023, stabilizing at approximately 204.3 million Euros in 2023. The average annual growth rate (CAGR) over the last five years has been -0.31%, suggesting an overall contraction.
Future trends to watch for include industry advancements in electric vehicle technology and increased regulatory support for greener automotive solutions. These factors may influence market dynamics and potentially drive growth in the sector.
