Belgians were traditionally attached to car ownership, with car ownership per capita being one of the highest in Europe. However, younger generations are increasingly uninterested in owning a car, with a shift away from car ownership intensifying during the review period.
Car rental sales continue to see only low current value growth, while the volume of transactions was modest and fleet size remains low. While Belgium continues to develop as a tourist and business destination, welcoming more and more travellers, a number of factors continue to hinder growth.
Accounting for nearly a third of car rental value share, Europcar remained both the leader and fastest growing operator in car rental in 2019. Avis and Hertz are the two other leading car rental providers in Belgium.
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Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in Belgium with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.