| Product Code: ETC11605378 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Belgium continued to rely on imports of CNC machine tools, with top exporters being the USA, Germany, Netherlands, Spain, and South Korea. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a minimal compound annual growth rate (CAGR) of 0.4% from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024 at -15.03%. This suggests a challenging year for the industry, possibly impacted by various external factors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium CNC Machine Tools Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium CNC Machine Tools Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium CNC Machine Tools Market - Industry Life Cycle |
3.4 Belgium CNC Machine Tools Market - Porter's Five Forces |
3.5 Belgium CNC Machine Tools Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Belgium CNC Machine Tools Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Belgium CNC Machine Tools Market Revenues & Volume Share, By End use, 2021 & 2031F |
4 Belgium CNC Machine Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision engineering in industries like automotive, aerospace, and electronics |
4.2.2 Technological advancements leading to the adoption of CNC machine tools for automation and efficiency |
4.2.3 Government initiatives promoting manufacturing and industrial growth in Belgium |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with CNC machine tools |
4.3.2 Skilled labor shortage impacting the adoption and operation of CNC machines |
4.3.3 Economic uncertainties and market volatility affecting investments in manufacturing equipment |
5 Belgium CNC Machine Tools Market Trends |
6 Belgium CNC Machine Tools Market, By Types |
6.1 Belgium CNC Machine Tools Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium CNC Machine Tools Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Belgium CNC Machine Tools Market Revenues & Volume, By Metal cutting, 2021 - 2031F |
6.1.4 Belgium CNC Machine Tools Market Revenues & Volume, By Metal Forming, 2021 - 2031F |
6.2 Belgium CNC Machine Tools Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Belgium CNC Machine Tools Market Revenues & Volume, By Computer Numerical Control (CNC), 2021 - 2031F |
6.2.3 Belgium CNC Machine Tools Market Revenues & Volume, By Conventional, 2021 - 2031F |
6.3 Belgium CNC Machine Tools Market, By End use |
6.3.1 Overview and Analysis |
6.3.2 Belgium CNC Machine Tools Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.3.3 Belgium CNC Machine Tools Market Revenues & Volume, By Mechanical Engineering, 2021 - 2031F |
6.3.4 Belgium CNC Machine Tools Market Revenues & Volume, By Metal Working, 2021 - 2031F |
6.3.5 Belgium CNC Machine Tools Market Revenues & Volume, By Aerospace, 2021 - 2031F |
6.3.6 Belgium CNC Machine Tools Market Revenues & Volume, By Electrical industry, 2021 - 2031F |
6.3.7 Belgium CNC Machine Tools Market Revenues & Volume, By Others, 2021 - 2029F |
7 Belgium CNC Machine Tools Market Import-Export Trade Statistics |
7.1 Belgium CNC Machine Tools Market Export to Major Countries |
7.2 Belgium CNC Machine Tools Market Imports from Major Countries |
8 Belgium CNC Machine Tools Market Key Performance Indicators |
8.1 Percentage increase in the number of CNC machine installations in Belgium |
8.2 Average time saved in production processes through the use of CNC machine tools |
8.3 Growth in the number of training programs for CNC machine operation and programming in Belgium |
9 Belgium CNC Machine Tools Market - Opportunity Assessment |
9.1 Belgium CNC Machine Tools Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Belgium CNC Machine Tools Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Belgium CNC Machine Tools Market Opportunity Assessment, By End use, 2021 & 2031F |
10 Belgium CNC Machine Tools Market - Competitive Landscape |
10.1 Belgium CNC Machine Tools Market Revenue Share, By Companies, 2024 |
10.2 Belgium CNC Machine Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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