Forecast: New Buses and Coaches Registrations in Belgium

Between 2013 and 2023, new bus and coach registrations in Belgium experienced significant fluctuations. Notably, major increases occurred in 2014, 2018, and 2019 with year-on-year growth rates of 49.28%, 21.93%, and 23.63%, respectively. However, 2020 saw a sharp decline of 39.68%, likely influenced by the COVID-19 pandemic. Registrations recovered in 2021 and 2022, with growth rates of 19.19% and 22.35%, leading to a consistent growth in 2023 at 10.3%, standing at 1,270 units.

The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was approximately 3.71%. Looking forward, forecast data from 2024 to 2028 suggests moderate growth, with a projected CAGR of 1.1% and a five-year growth rate of 5.65% as registrations are expected to rise to 1,370 units by 2028.

Future trends to watch for:

• Potential impacts of environmental regulations and policies on new bus and coach registrations.
• Technological advancements such as electric and autonomous buses influencing market dynamics.
• Recovery and growth trends post-pandemic affecting public transport investments and renewals.