The forecast for the UK market size volume of passenger vehicles with spark-ignition engines under 1,500 Cm³ shows a consistent upward trajectory from 2024 to 2028, with volumes rising from 890.18k to 937.38k units. In 2023, the size was recorded at lower levels than 2024, as indicated by consistent growth. The year-on-year increases trend upwards steadily, establishing a positive CAGR over the five-year forecast period. This consistent increase signals a stable demand for such vehicles.
Future trends to watch include the shift towards electric and hybrid vehicles, which may affect this segment's growth. Regulatory changes and consumer preferences shifting towards sustainability could reshape market dynamics.
