The turnover in the urban and suburban passenger land transport sector in Belgium stood at 373.4 million euros in 2023. From 2024 to 2028, it is forecasted to decrease from 366.5 million euros to 349.5 million euros. The year-on-year variation shows a steady decline each year: -1.53% in 2025, -1.28% in 2026, -1.04% in 2027, and -0.88% in 2028. Over the five-year period from 2024 to 2028, the sector is projected to have a compound annual growth rate (CAGR) of -1.20%.
Key trends to watch for in the future include:
- Increasing investment in sustainable and eco-friendly transport solutions.
- Potential impacts of demographic changes and urbanization on passenger volumes.
- Technological advancements and digital transformation within the sector.
