The Work Trucks Parts Market Size Value Per Capita in Belgium showed varying trends from 2012 to 2022. It began with a moderate increase from 2012 to 2014, reaching a peak in 2014, but then experienced a decline from 2015 to 2020. The lowest point was in 2020, followed by a slight recovery in 2021 and 2022. Year-on-year variations reveal a positive increase of approximately 4.26% from 2021 to 2022. The Compound Annual Growth Rate (CAGR) over the last five years reflects an average annual decrease of around 1.13%, indicating a gradual but consistent decline.
Future trends to watch for include potential advancements in technology and increased demand for electric and sustainable work trucks, which may stimulate market growth. Policy shifts towards green infrastructure and increased investments in transport logistics could positively affect market dynamics in the coming years.
