The production value of interurban passenger rail transport in Belgium experienced notable fluctuations from 2014 to 2023. The value peaked at €4.98 billion in 2015, showing a substantial increase of 36.74% year-on-year from 2014. However, it faced a sharp decline in subsequent years, particularly in 2017 and 2018, with decreases of -22.67% and -35.66%, respectively, reaching its lowest point at €2.42 billion. Following a recovery phase marked by a significant rise of 53.83% in 2019, the industry saw a consistent yet moderate rise until 2023, with a 4.38% growth from the previous year bringing the value to €3.6 billion.
Recent years have shown gradual stabilization, evidenced by an average annual growth (CAGR) of 8.28% over the past five years. Forecasts from 2024 to 2028 indicate a slow but steady growth, with the production value expected to reach €3.7 billion by 2028, reflecting a forecasted five-year CAGR of 0.44%.
Future trends to monitor include the impact of environmental policies on rail transport demand, the adoption of new technologies to improve efficiency, and investments in infrastructure upgrades to enhance service quality. Observing these factors will be crucial in predicting future market movements and potential growth opportunities.
