The forecasted import values for automobiles with spark-ignition internal combustion reciprocating piston engines of a cylinder capacity not exceeding 1000 CC to the US show a gradual increase from 2024 to 2028. As of 2023, the actual import values stood below the 2024 forecasted figure of 432.54 thousand units. The year-on-year percentage increases are consistent, signifying steady growth: from 2024 to 2025 the increase is about 2.23%, from 2025 to 2026 about 2.14%, from 2026 to 2027 around 2.05%, and from 2027 to 2028 approximately 1.97%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is projected to be moderate, indicating consistent market expansion.
Future trends to watch include:
- Advancements in engine technology and potential shifts towards electric vehicles, which may impact demand for small-capacity spark-ignition engines.
- Changes in US trade policies or economic conditions that could affect import dynamics.
- Consumer preferences and environmental regulations driving the automotive market landscape.