New Cars in Belgium - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country.
- The Belgian new cars market is forecast to generate total revenues of $17.4bn in 2021, representing a compound annual rate of change (CARC) of -0.8% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -2.3% between 2017 and 2021 to 504.9 thousand units.
- The Belgian economy has remained fairly robust in recent years, which in turn has improved consumer confidence and driven new car sales in the early years of the historic period.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Belgium
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Belgium
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Belgium new cars market with five year forecasts
- What was the size of the Belgium new cars market by value in 2021?
- What will be the size of the Belgium new cars market in 2026?
- What factors are affecting the strength of competition in the Belgium new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Belgium's new cars market?
Companies Mentioned
Groupe PSA (Inactive)
Ford Motor Company Limited
Hyundai Motor Company
Volkswagen AG
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. How are strategic alliances used by the leading companies?
- 7.4. How is new technology opening up competition?
- 7.5. How are leading players progressing in the hybrid and electric cars segment?
- 7.6. What impact is the COVID-19 pandemic having on leading players?
- 8 Company Profiles
- 8.1. Groupe PSA (Inactive)
- 8.2. Ford Motor Company Limited
- 8.3. Hyundai Motor Company
- 8.4. Volkswagen AG
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Belgium new cars market value: $ billion, 2017-21(e)
- Table 2: Belgium new cars market volume: thousand units, 2017-21(e)
- Table 3: Belgium new cars market geography segmentation: $ billion, 2021(e)
- Table 4: Belgium new cars market value forecast: $ billion, 2021-26
- Table 5: Belgium new cars market volume forecast: thousand units, 2021-26
- Table 6: Belgium new cars market share: % share, by volume, 2021(e)
- Table 7: Groupe PSA (Inactive): key facts
- Table 8: Groupe PSA (Inactive): Key Employees
- Table 9: Groupe PSA (Inactive): Key Employees Continued
- Table 10: Ford Motor Company Limited: key facts
- Table 11: Ford Motor Company Limited: Key Employees
- Table 12: Hyundai Motor Company: key facts
- Table 13: Hyundai Motor Company: Annual Financial Ratios
- Table 14: Hyundai Motor Company: Key Employees
- Table 15: Volkswagen AG: key facts
- Table 16: Volkswagen AG: Annual Financial Ratios
- Table 17: Volkswagen AG: Key Employees
- Table 18: Volkswagen AG: Key Employees Continued
- Table 19: Volkswagen AG: Key Employees Continued
- Table 20: Belgium size of population (million), 2017-21
- Table 21: Belgium gdp (constant 2005 prices, $ billion), 2017-21
- Table 22: Belgium gdp (current prices, $ billion), 2017-21
- Table 23: Belgium inflation, 2017-21
- Table 24: Belgium consumer price index (absolute), 2017-21
- Table 25: Belgium exchange rate, 2016-20
- List of Figures
- Figure 1: Belgium new cars market value: $ billion, 2017-21(e)
- Figure 2: Belgium new cars market volume: thousand units, 2017-21(e)
- Figure 3: Belgium new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: Belgium new cars market value forecast: $ billion, 2021-26
- Figure 5: Belgium new cars market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the new cars market in Belgium, 2021
- Figure 7: Drivers of buyer power in the new cars market in Belgium, 2021
- Figure 8: Drivers of supplier power in the new cars market in Belgium, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Belgium, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in Belgium, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in Belgium, 2021
- Figure 12: Belgium new cars market share: % share, by volume, 2021(e)
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