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Car Manufacturing in Belgium

Publisher MarketLine
Published Apr 17, 2025
Length 44 Pages
SKU # MTLN20080791

Description

Car Manufacturing in Belgium

Summary

Car Manufacturing in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The car manufacturing market encompasses passenger cars, which are defined as motor vehicles equipped with at least four wheels, designed primarily for the transportation of passengers. These vehicles typically accommodate no more than eight seats, including the driver's seat. This market includes petrol, diesel, electric, and hybrid passenger cars. The market encompasses a broad spectrum of vehicle types, such as mini, small, medium, large, exclusive, and luxury cars, along with mini, compact, mid and full-size SUVs/crossovers. Additionally, it encompasses compact, small and large MPVs, as well as mini, compact, mid and full-size pickups. Sport coupe cars are also included within the scope. Light or heavy commercial vehicles e.g., vans or heavy goods vehicles (HGVs) are excluded from the market scope.
  • The Belgian car manufacturing industry recorded revenues of $4.1 billion in 2024, representing a negative compound annual growth rate (CAGR) of 3.6% between 2019 and 2024.
  • Industry production volumes declined with a negative CAGR of 4.0% between 2019 and 2024, reaching a total of 201.2 thousand units in 2024.
  • The Belgian car manufacturing industry’s production volume contracted by 29.5% in 2024, primarily due to persistent shortages in skilled labor and intermittent supply chain disruptions. Plants in regions such as Flanders experienced difficulties in filling technical roles essential for EV and hybrid vehicle assembly lines.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the car manufacturing market in Belgium
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the car manufacturing market in Belgium
  • Leading company profiles reveal details of key car manufacturing market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Belgium car manufacturing market with five year forecasts
Reasons to Buy
  • What was the size of the Belgium car manufacturing market by value in 2024?
  • What will be the size of the Belgium car manufacturing market in 2029?
  • What factors are affecting the strength of competition in the Belgium car manufacturing market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Belgium's car manufacturing market?

Table of Contents

44 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies followed by the leading players?
7.4. What have been the recent developments in the industry?
8 Company Profiles
8.1. Volvo Car AB
8.2. Volkswagen AG
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Belgium car manufacturing industry value: $ billion, 2019-24
Table 2: Belgium car manufacturing industry volume: thousand units, 2019-24
Table 3: Belgium car manufacturing industry category segmentation: % share, by volume, 2019-24
Table 4: Belgium car manufacturing industry category segmentation: thousand units, 2019-24
Table 5: Belgium car manufacturing industry geography segmentation: $ billion, 2024
Table 6: Belgium car manufacturing industry value forecast: $ billion, 2024-29
Table 7: Belgium car manufacturing industry volume forecast: thousand units, 2024-29
Table 8: Belgium car manufacturing industry share: % share, by volume, 2024
Table 9: Volvo Car AB: Key Facts
Table 10: Volvo Car AB: Annual Financial Ratios
Table 11: Volvo Car AB: Key Employees
Table 12: Volvo Car AB: Key Employees Continued
Table 13: Volkswagen AG: Key Facts
Table 14: Volkswagen AG: Annual Financial Ratios
Table 15: Volkswagen AG: Key Employees
Table 16: Volkswagen AG: Key Employees Continued
Table 17: Belgium Size of Population (Million), 2020-24
Table 18: Belgium Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: Belgium GDP (Current Prices, $ Billion), 2020-24
Table 20: Belgium Inflation, 2020-24
Table 21: Belgium Consumer Price Index (Absolute), 2020-24
Table 22: Belgium Exchange Rate, 2019-24
List of Figures
Figure 1: Belgium car manufacturing industry value: $ billion, 2019-24
Figure 2: Belgium car manufacturing industry volume: thousand units, 2019-24
Figure 3: Belgium car manufacturing industry category segmentation: thousand units, 2019-24
Figure 4: Belgium car manufacturing industry geography segmentation: % share, by value, 2024
Figure 5: Belgium car manufacturing industry value forecast: $ billion, 2024-29
Figure 6: Belgium car manufacturing industry volume forecast: thousand units, 2024-29
Figure 7: Forces driving competition in the car manufacturing industry in Belgium, 2024
Figure 8: Drivers of buyer power in the car manufacturing industry in Belgium, 2024
Figure 9: Drivers of supplier power in the car manufacturing industry in Belgium, 2024
Figure 10: Factors influencing the likelihood of new entrants in the car manufacturing industry in Belgium, 2024
Figure 11: Factors influencing the threat of substitutes in the car manufacturing industry in Belgium, 2024
Figure 12: Drivers of degree of rivalry in the car manufacturing industry in Belgium, 2024
Figure 13: Belgium car manufacturing industry share: % share, by volume, 2024

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