The sold production of parts for spark-ignition internal combustion engines, excluding aircraft engines in Germany, is forecasted to decline significantly from 2024 to 2028. Beginning at 4.3857 billion Euros in 2024, the market is projected to decrease steadily to 3.5183 billion Euros by 2028. This represents a cumulative annual growth rate (CAGR) decline of approximately 5% over these five years. Notably, the consistent year-on-year decrease marks a continued decline in demand post-2023.
Future trends to watch for include the transition toward electric vehicles, which may further reduce demand for traditional combustion engine parts. Additionally, advancements in hybrid technologies could alter market dynamics, potentially stabilizing demand for specific engine components. Market participants should stay attuned to regulatory changes and technological innovations that may accelerate these trends.
