| Product Code: ETC6351080 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium continued to see significant imports of contactless payment terminals, with top exporters being Netherlands, Germany, China, Czechia, and Metropolitan France. The market remained highly concentrated, reflected by a high Herfindahl-Hirschman Index (HHI). Despite a modest compound annual growth rate (CAGR) of 0.05% from 2020 to 2024, there was a notable growth spurt in 2024 with a 5.52% increase from the previous year. This indicates a steady demand for contactless payment technology in Belgium, with key players maintaining their dominance in the market.

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 Contactless Payment Terminals Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Contactless Payment Terminals Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Contactless Payment Terminals Market - Industry Life Cycle |
3.4 Belgium Contactless Payment Terminals Market - Porter's Five Forces |
3.5 Belgium Contactless Payment Terminals Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Belgium Contactless Payment Terminals Market Revenues & Volume Share, By Payment Method, 2021 & 2031F |
3.7 Belgium Contactless Payment Terminals Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.8 Belgium Contactless Payment Terminals Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Belgium Contactless Payment Terminals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer preference for convenient and secure payment methods |
4.2.2 Government initiatives promoting cashless transactions |
4.2.3 Growing adoption of contactless payment technology by businesses |
4.3 Market Restraints |
4.3.1 Concerns regarding security and data privacy |
4.3.2 Limited merchant acceptance of contactless payments |
4.3.3 High initial investment costs for businesses to implement contactless payment terminals |
5 Belgium Contactless Payment Terminals Market Trends |
6 Belgium Contactless Payment Terminals Market, By Types |
6.1 Belgium Contactless Payment Terminals Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Belgium Contactless Payment Terminals Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Belgium Contactless Payment Terminals Market Revenues & Volume, By Bluetooth, 2021- 2031F |
6.1.4 Belgium Contactless Payment Terminals Market Revenues & Volume, By Infrared, 2021- 2031F |
6.1.5 Belgium Contactless Payment Terminals Market Revenues & Volume, By Carrier-based, 2021- 2031F |
6.1.6 Belgium Contactless Payment Terminals Market Revenues & Volume, By Wi-Fi, 2021- 2031F |
6.2 Belgium Contactless Payment Terminals Market, By Payment Method |
6.2.1 Overview and Analysis |
6.2.2 Belgium Contactless Payment Terminals Market Revenues & Volume, By Account-based, 2021- 2031F |
6.2.3 Belgium Contactless Payment Terminals Market Revenues & Volume, By Credit/Debit Card, 2021- 2031F |
6.2.4 Belgium Contactless Payment Terminals Market Revenues & Volume, By Stored Value, 2021- 2031F |
6.2.5 Belgium Contactless Payment Terminals Market Revenues & Volume, By Smart Card, 2021- 2031F |
6.3 Belgium Contactless Payment Terminals Market, By Device |
6.3.1 Overview and Analysis |
6.3.2 Belgium Contactless Payment Terminals Market Revenues & Volume, By Integrated POS, 2021- 2031F |
6.3.3 Belgium Contactless Payment Terminals Market Revenues & Volume, By mPOS, 2021- 2031F |
6.3.4 Belgium Contactless Payment Terminals Market Revenues & Volume, By PDA, 2021- 2031F |
6.3.5 Belgium Contactless Payment Terminals Market Revenues & Volume, By Unattended Terminal, 2021- 2031F |
6.3.6 Belgium Contactless Payment Terminals Market Revenues & Volume, By Contactless Reader, 2021- 2031F |
6.4 Belgium Contactless Payment Terminals Market, By End-user Industry |
6.4.1 Overview and Analysis |
6.4.2 Belgium Contactless Payment Terminals Market Revenues & Volume, By Retail, 2021- 2031F |
6.4.3 Belgium Contactless Payment Terminals Market Revenues & Volume, By Transportation, 2021- 2031F |
6.4.4 Belgium Contactless Payment Terminals Market Revenues & Volume, By Banking, 2021- 2031F |
6.4.5 Belgium Contactless Payment Terminals Market Revenues & Volume, By Government, 2021- 2031F |
6.4.6 Belgium Contactless Payment Terminals Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Belgium Contactless Payment Terminals Market Import-Export Trade Statistics |
7.1 Belgium Contactless Payment Terminals Market Export to Major Countries |
7.2 Belgium Contactless Payment Terminals Market Imports from Major Countries |
8 Belgium Contactless Payment Terminals Market Key Performance Indicators |
8.1 Average transaction value through contactless payments |
8.2 Growth rate of contactless payment transactions |
8.3 Adoption rate of contactless payment terminals among small and medium-sized enterprises |
9 Belgium Contactless Payment Terminals Market - Opportunity Assessment |
9.1 Belgium Contactless Payment Terminals Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Belgium Contactless Payment Terminals Market Opportunity Assessment, By Payment Method, 2021 & 2031F |
9.3 Belgium Contactless Payment Terminals Market Opportunity Assessment, By Device, 2021 & 2031F |
9.4 Belgium Contactless Payment Terminals Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Belgium Contactless Payment Terminals Market - Competitive Landscape |
10.1 Belgium Contactless Payment Terminals Market Revenue Share, By Companies, 2024 |
10.2 Belgium Contactless Payment Terminals 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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