The number of petrol passenger cars in Belgium experienced consistent growth from 2.0089 million in 2013 to 3.48 million in 2023. Over the past two years, the market grew from 3.17 million to 3.48 million, with year-on-year variations of 5.33% and 4.23% respectively. Analyzing the last five years, the compound annual growth rate (CAGR) was 6%. Forecasts show continued moderate growth, reaching 4.1654 million by 2028, with a projected average annual growth (CAGR) of 2.85%, indicating a market increase of 15.07% over this period.
Future trends to watch for include potential impacts of environmental regulations, shifts towards electric vehicles, and economic factors influencing car ownership and usage patterns. Monitoring these elements will be crucial for understanding the future landscape of petrol passenger cars in Belgium.
