In 2023, the import value of spark-ignition internal combustion engines to the US stood near 13 billion USD. From 2024 to 2028, the forecast predicts a steady increase in import value, growing from 13.161 billion USD in 2024 to 13.972 billion USD in 2028. This signifies a compound annual growth rate (CAGR) of approximately 1.5% over this period. Year-on-year growth is consistent, reflecting a stable market demand.
Future trends to watch for include:
- The impact of electric vehicle adoption potentially reducing long-term demand for traditional combustion engines.
- Trade policy changes that may affect import pricing and volume.
- Technological advancements in engine efficiency influencing market dynamics.