The UK market for spark ignition engine automotives with engines greater than 3000cc is forecasted to decline from $9.82 billion in 2024 to $8.23 billion by 2028, reflecting year-on-year decreases of approximately 4.2% and a CAGR of around -4.3% from 2024 to 2028. In 2023, the market stood at $10.23 billion, indicating a sizable contraction.
Future trends to watch for include:
- The shift towards electric vehicles reducing demand for traditional combustion engines.
- Potential regulatory changes impacting larger engine vehicles.
- Economic conditions affecting consumer purchasing power and preferences.
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