| Product Code: ETC6357037 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Belgium saw a steady increase in light vehicles import shipments with a notable CAGR of 6.48% from 2020 to 2024. The top countries exporting to Belgium included Czechia, Spain, Morocco, Germany, and Metropolitan France. Despite the growth, the market remained competitive with a low concentration according to the HHI. The impressive growth rate of 9.36% from 2023 to 2024 indicates a promising trend for the light vehicles import market in 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 Light Vehicles Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Light Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Light Vehicles Market - Industry Life Cycle |
3.4 Belgium Light Vehicles Market - Porter's Five Forces |
3.5 Belgium Light Vehicles Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Belgium Light Vehicles Market Revenues & Volume Share, By Transmission, 2021 & 2031F |
3.7 Belgium Light Vehicles Market Revenues & Volume Share, By Drivetrain, 2021 & 2031F |
3.8 Belgium Light Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Belgium Light Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly vehicles due to environmental concerns and government incentives. |
4.2.2 Technological advancements in electric and hybrid vehicles driving innovation in the market. |
4.2.3 Growing urbanization leading to higher demand for compact and fuel-efficient vehicles. |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles limiting mass adoption. |
4.3.2 Uncertainty in government policies related to subsidies and incentives for electric vehicles. |
4.3.3 Economic uncertainties impacting consumer purchasing power and overall market demand. |
5 Belgium Light Vehicles Market Trends |
6 Belgium Light Vehicles Market, By Types |
6.1 Belgium Light Vehicles Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Light Vehicles Market Revenues & Volume, By Fuel Type, 2021- 2031F |
6.1.3 Belgium Light Vehicles Market Revenues & Volume, By Diesel, 2021- 2031F |
6.1.4 Belgium Light Vehicles Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.1.5 Belgium Light Vehicles Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.1.6 Belgium Light Vehicles Market Revenues & Volume, By Electric, 2021- 2031F |
6.2 Belgium Light Vehicles Market, By Transmission |
6.2.1 Overview and Analysis |
6.2.2 Belgium Light Vehicles Market Revenues & Volume, By Manual, 2021- 2031F |
6.2.3 Belgium Light Vehicles Market Revenues & Volume, By Automatic, 2021- 2031F |
6.3 Belgium Light Vehicles Market, By Drivetrain |
6.3.1 Overview and Analysis |
6.3.2 Belgium Light Vehicles Market Revenues & Volume, By Front Wheel Drive (FWD), 2021- 2031F |
6.3.3 Belgium Light Vehicles Market Revenues & Volume, By Rear Wheel Drive (RWD), 2021- 2031F |
6.3.4 Belgium Light Vehicles Market Revenues & Volume, By Four Wheel Drive (4WD), 2021- 2031F |
6.3.5 Belgium Light Vehicles Market Revenues & Volume, By All-Wheel Drive (AWD), 2021- 2031F |
6.4 Belgium Light Vehicles Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Belgium Light Vehicles Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.4.3 Belgium Light Vehicles Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
7 Belgium Light Vehicles Market Import-Export Trade Statistics |
7.1 Belgium Light Vehicles Market Export to Major Countries |
7.2 Belgium Light Vehicles Market Imports from Major Countries |
8 Belgium Light Vehicles Market Key Performance Indicators |
8.1 Average vehicle efficiency rating in the market. |
8.2 Number of charging stations for electric vehicles across Belgium. |
8.3 Percentage growth in the adoption of hybrid vehicles in the market. |
9 Belgium Light Vehicles Market - Opportunity Assessment |
9.1 Belgium Light Vehicles Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Belgium Light Vehicles Market Opportunity Assessment, By Transmission, 2021 & 2031F |
9.3 Belgium Light Vehicles Market Opportunity Assessment, By Drivetrain, 2021 & 2031F |
9.4 Belgium Light Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Belgium Light Vehicles Market - Competitive Landscape |
10.1 Belgium Light Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Belgium Light Vehicles 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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