In 2023, the actual sold production of fire-fighting vehicles in Belgium stood at 11.193 million Euros. The forecast data for the sold production value from 2024 to 2028 shows a consistent year-on-year decrease. Comparing 2024 to 2025, there is a decrease of 4.80%; from 2025 to 2026, a further decrease of 5%; from 2026 to 2027, another decrease of 5.20%; and from 2027 to 2028, a decrease of 5.70%. The CAGR for the period from 2024 to 2028 is calculated at -4.85%. This indicates a declining trend in the production value of fire-fighting vehicles over the next five years.
Future trends to watch for include advancements in fire-fighting technology, shifts in government procurement policies, changes in safety regulations, and potential increases in international demand. These factors can influence market dynamics and may either mitigate or exacerbate the current downward trend in production values.