New Cars in Belgium - Market Summary, Competitive Analysis and Forecast to 2024
Summary
New Cars in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). 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 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. Any currency conversions used in this report have been calculated at constant 2019 annual average exchange rates.
- The Belgian new cars market had total revenues of $18.3bn in 2019, representing a compound annual growth rate (CAGR) of 4.5% between 2015 and 2019.
- Market consumption volume increased with a CAGR of 2.4% between 2015 and 2019, to reach a total of 550.0 thousand units in 2019.
- The Belgian economy has remained fairly robust in recent years, which in turn has improved consumer confidence and driven new car sales. The low interest rates on car loans in the country has also facilitated demand.
Scope
- Save time carrying out entry-level research by identifying the size, growth, 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鈥� 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 by both value and volume
Reasons to Buy
- What was the size of the Belgium new cars market by value in 2019?
- What will be the size of the Belgium new cars market in 2024?
- What factors are affecting the strength of competition in the Belgium new cars market?
- How has the market performed over the last five years?
- How large is Belgium鈥檚 new cars market in relation to its regional counterparts?
Table of Contents
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 & electric cars segment?
7.6. What impact is the COVID-19 pandemic having on leading players?
8 Company Profiles
8.1. Groupe PSA
8.2. Renault SA
8.3. Bayerische Motoren Werke AG
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
List of Tables
Table 1: Belgium new cars market value: $ billion, 2015-19
Table 2: Belgium new cars market volume: thousand units, 2015-19
Table 3: Belgium new cars market geography segmentation: $ billion, 2019
Table 4: Belgium new cars market value forecast: $ billion, 2019-24
Table 5: Belgium new cars market volume forecast: thousand units, 2019-24
Table 6: Belgium new cars market share: % share, by volume, 2019
Table 8: Groupe PSA: Key Employees
Table 9: Groupe PSA: Key Employees Continued
Table 11: Renault SA: Key Employees
Table 12: Renault SA: Key Employees Continued
Table 13: Renault SA: Key Employees Continued
Table 14: Renault SA: Key Employees Continued
Table 16: Bayerische Motoren Werke AG: Key Employees
Table 17: Bayerische Motoren Werke AG: Key Employees Continued
Table 19: Volkswagen AG: Key Employees
Table 20: Volkswagen AG: Key Employees Continued
Table 21: Belgium size of population (million), 2015-19
Table 22: Belgium gdp (constant 2005 prices, $ billion), 2015-19
Table 23: Belgium gdp (current prices, $ billion), 2015-19
Table 24: Belgium inflation, 2015-19
Table 25: Belgium consumer price index (absolute), 2015-19
Table 26: Belgium exchange rate, 2015-19
List of Figures
List of Figures
Figure 1: Belgium new cars market value: $ billion, 2015-19
Figure 2: Belgium new cars market volume: thousand units, 2015-19
Figure 3: Belgium new cars market geography segmentation: % share, by value, 2019
Figure 4: Belgium new cars market value forecast: $ billion, 2019-24
Figure 5: Belgium new cars market volume forecast: thousand units, 2019-24
Figure 6: Forces driving competition in the new cars market in Belgium, 2019
Figure 7: Drivers of buyer power in the new cars market in Belgium, 2019
Figure 8: Drivers of supplier power in the new cars market in Belgium, 2019
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Belgium, 2019
Figure 10: Factors influencing the threat of substitutes in the new cars market in Belgium, 2019
Figure 11: Drivers of degree of rivalry in the new cars market in Belgium, 2019
Figure 12: Belgium new cars market share: % share, by volume, 2019
Groupe PSA
Renault SA
Bayerische Motoren Werke AG
Volkswagen AG
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*If Applicable.