The sold production of engines and turbines, excluding those for aircraft, vehicles, and cycles in the UK, is forecasted to decline from 1.381 billion Euros in 2024 to 1.0709 billion Euros in 2028. This represents a year-on-year decrease of approximately 5.8% from 2024 to 2025, 6% from 2025 to 2026, 6.3% from 2026 to 2027, and 6.6% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual reduction of approximately 6.2%.
Future trends to watch for:
- Technological advancements in clean and renewable energy sectors could impact production.
- Regulations concerning emissions may influence the demand for traditional engines.
- Potential economic fluctuations post-Brexit could affect production capabilities and demand.
- Global supply chain disruptions may influence production schedules and costs.