The Renting and Leasing of Motor Vehicles sector in Belgium has experienced noteworthy fluctuations and growth over the past decade. In 2023, the value of production stood at 4.95 Billion Euros. Between 2013 and 2023, the sector saw various year-on-year changes, indicating periods of both expansion and contraction. The most notable growth period was in 2015 with a year-on-year increase of 26.81%, followed by a period of stabilization and modest recovery post-2020 disruptions. The last two years showed consistent growth, with 2023 marking a 2.43% increase from 2022. The 5-year CAGR leading up to 2023 was 4.8%, showcasing an overall upward trend.

Future trends to watch for:

The forecasted 2024-2028 CAGR is 1.73%, indicating steady, albeit slower, growth compared to the past five years.
Technological advancements and shifts towards sustainable mobility solutions could significantly impact sector dynamics.
The changing consumer preferences and innovations in electric and autonomous vehicles are likely to shape future renting and leasing demands.