The number of passenger cars in Belgium has shown a general upward trend from 2013 to 2023. In 2023, the figure stood at 6.0246 million. Although there was a significant dip in 2020, the market recovered strongly over the next two years. Year-on-year variations from 2019 to 2023 indicate a volatile period, primarily due to the impact of the COVID-19 pandemic, with a -16.46% drop in 2020 followed by a substantial recovery in 2021. The last five-year CAGR is 0.58%, indicating moderate long-term growth.

Future trends to watch for include:

Technological advancements in the automotive industry, especially the rise of electric and autonomous vehicles.
Government policies aimed at reducing carbon emissions, which may influence the market dynamics.
Economic factors such as inflation and consumer spending power that could impact car purchases.
Continued recovery and potential stabilization post-pandemic, affecting both supply chains and consumer behavior.