The forecast for the number of road tractors in Belgium that are at most 2 years old shows a steady increase from 2024 to 2028. As per the historical data, in 2023, the number stood at 14.81 thousand units. The year-on-year percentage increases are consistent, with a steady growth observed each year: 1.93% in 2024, 1.92% in 2025, 1.89% in 2026, 1.79% in 2027, and 1.76% in 2028. The compound annual growth rate (CAGR) over the five years (2024-2028) is approximately 1.86% per year.
Future trends to watch for:
- Technological advancements in road tractors, such as electric and autonomous vehicles, could significantly alter market dynamics.
- Government policies promoting sustainability might drive the adoption of newer, eco-friendly road tractors.
- Economic factors and supply chain dynamics will also play crucial roles in influencing the market trajectory.
