Forecast: Motor Vehicles, Trailers and Semi-Trailers Manufacturing Output in Belgium

The manufacturing output of motor vehicles, trailers, and semi-trailers in Belgium stood at 14.19 billion euros in 2023. Analyzing actual data from 2013 to 2023 shows a mixed trend, with generally declining values and occasional peaks in 2019 and 2023. Year-on-year variations highlight significant declines in some years, particularly in 2015 and 2020, with recovery periods in 2019, 2021, and 2023. The compound annual growth rate (CAGR) over the last five years up to 2023 shows a slight positive trend at 0.63%.

Future forecasts from 2024 to 2028 suggest a continuing decline in manufacturing output, with an estimated CAGR of -0.5% over the next five years. Key future trends to watch include advancements in electric vehicle technology, shifts in consumer demand toward sustainable transport, and potential economic impacts from regulation changes and trade policies. Monitoring these factors will be crucial for understanding and anticipating deeper market shifts.