| Product Code: ETC5073022 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to witness a significant influx of internal combustion engines imports, with top exporters including the USA, UK, Japan, China, and Germany. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 7.68%, showcasing sustained market expansion. Additionally, the growth rate from 2023 to 2024 was recorded at 2.1%, signaling continued momentum in the importation of internal combustion engines into Belgium.

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 Internal Combustion Engines Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Internal Combustion Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Internal Combustion Engines Market - Industry Life Cycle |
3.4 Belgium Internal Combustion Engines Market - Porter's Five Forces |
3.5 Belgium Internal Combustion Engines Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.6 Belgium Internal Combustion Engines Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Belgium Internal Combustion Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial vehicles in Belgium |
4.2.2 Growth in construction and infrastructure development projects |
4.2.3 Technological advancements in internal combustion engines |
4.3 Market Restraints |
4.3.1 Stringent environmental regulations and emission norms |
4.3.2 Shift towards electric and hybrid vehicles |
4.3.3 Volatility in raw material prices impacting manufacturing costs |
5 Belgium Internal Combustion Engines Market Trends |
6 Belgium Internal Combustion Engines Market Segmentations |
6.1 Belgium Internal Combustion Engines Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 Belgium Internal Combustion Engines Market Revenues & Volume, By Petroleum, 2021-2031F |
6.1.3 Belgium Internal Combustion Engines Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.2 Belgium Internal Combustion Engines Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Belgium Internal Combustion Engines Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Belgium Internal Combustion Engines Market Revenues & Volume, By Aircraft, 2021-2031F |
6.2.4 Belgium Internal Combustion Engines Market Revenues & Volume, By Marine, 2021-2031F |
7 Belgium Internal Combustion Engines Market Import-Export Trade Statistics |
7.1 Belgium Internal Combustion Engines Market Export to Major Countries |
7.2 Belgium Internal Combustion Engines Market Imports from Major Countries |
8 Belgium Internal Combustion Engines Market Key Performance Indicators |
8.1 Average age of vehicles in Belgium |
8.2 Number of new vehicle registrations |
8.3 Investment in research and development for internal combustion engines |
9 Belgium Internal Combustion Engines Market - Opportunity Assessment |
9.1 Belgium Internal Combustion Engines Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.2 Belgium Internal Combustion Engines Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Belgium Internal Combustion Engines Market - Competitive Landscape |
10.1 Belgium Internal Combustion Engines Market Revenue Share, By Companies, 2024 |
10.2 Belgium Internal Combustion Engines 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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