The Spark Ignition Engine Automotive market (1500 to 3000cc) in Singapore saw a per capita value of USD 331.54 in 2023. There was a consistent growth trend from 2013, with exceptions in 2018 and notably in 2020, where it dropped significantly. Over the last two years, the year-on-year growth from 2021 to 2023 averaged around 7%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 indicates a steady upward trend at approximately 1.85% annually.
Future trends to watch include shifts in consumer preferences towards sustainable vehicles, which may impact the market size of traditional spark ignition engines. Additionally, regulatory changes and technological innovations could play significant roles in shaping future outcomes.
| # | 18 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 943.43 | 2023 | View data | ||
| 2 | 2 United Kingdom | 712.63 | 2023 | View data | ||
| 3 | 3 Sweden | 556.09 | 2023 | View data | ||
| 4 | 4 Estonia | 501.19 | 2023 | View data | ||
| 5 | 5 Finland | 458.08 | 2023 | View data | ||
| 6 | 6 Singapore | 331.54 | 2023 | |||
| 7 | 7 France | 263.2 | 2023 | View data | ||
| 8 | 8 Slovenia | 227.86 | 2023 | View data | ||
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