| Product Code: ETC5370809 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to see a diverse range of hardware imports with top countries like Germany, Netherlands, and China leading the way. Despite the varied sources, the market maintains low concentration with a Herfindahl-Hirschman Index (HHI) reflecting this trend. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 0.37%, indicating stable growth. However, there was a notable decline in growth from 2023 to 2024, with a negative growth rate of -11.42%, which could warrant further analysis to understand the market dynamics at play.

In the Europe region, the Hardware market in Belgium is projected to expand at a stable growth rate of 2.62% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Hardware Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Hardware Market - Industry Life Cycle |
3.4 Belgium Hardware Market - Porter's Five Forces |
3.5 Belgium Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Belgium Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart home devices and IoT technology |
4.2.2 Growing adoption of cloud computing and data storage solutions |
4.2.3 Rise in infrastructure development projects in Belgium |
4.3 Market Restraints |
4.3.1 High competition among hardware vendors leading to price wars |
4.3.2 Economic uncertainty impacting consumer spending on hardware products |
4.3.3 Challenges in sourcing raw materials for hardware production |
5 Belgium Hardware Market Trends |
6 Belgium Hardware Market Segmentations |
6.1 Belgium Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Hardware Market Revenues & Volume, By Furniture Hardware, 2021-2031F |
6.1.3 Belgium Hardware Market Revenues & Volume, By Motor Vehicle Hardware, 2021-2031F |
6.1.4 Belgium Hardware Market Revenues & Volume, By Builder`s Hardware, 2021-2031F |
6.1.5 Belgium Hardware Market Revenues & Volume, By Other Hardware, 2021-2031F |
7 Belgium Hardware Market Import-Export Trade Statistics |
7.1 Belgium Hardware Market Export to Major Countries |
7.2 Belgium Hardware Market Imports from Major Countries |
8 Belgium Hardware Market Key Performance Indicators |
8.1 Average selling price (ASP) of hardware products |
8.2 Percentage of households using smart home devices |
8.3 Investment in research and development for hardware innovation |
8.4 Number of infrastructure projects completed using hardware solutions |
8.5 Percentage of companies adopting cloud computing services in Belgium |
9 Belgium Hardware Market - Opportunity Assessment |
9.1 Belgium Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Belgium Hardware Market - Competitive Landscape |
10.1 Belgium Hardware Market Revenue Share, By Companies, 2024 |
10.2 Belgium Hardware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |