In 2023, the US imported parts for spark-ignition engines, excluding aircraft, valued at approximately $7.2 billion. Forecasts predict a steady growth in imports over the next five years, with values rising from $7.3027 billion in 2024 to $7.7483 billion in 2028. The year-on-year percentage increases average around 1.5%, demonstrating a consistent upward trend. The compound annual growth rate (CAGR) is approximately 1.5%, indicating a robust yet stable expansion in import activity.
Future trends to watch include potential shifts in global trade policies, technological advancements in engine design, and the increasing adoption of electric vehicles which may influence the demand for traditional engine parts.
