The market size for parts of spark-ignition internal combustion engines, excluding aircraft engines, in Croatia was valued at 16.223 million Euros in 2023. Over the past decade, the industry has experienced a general downward trend, with notable declines in 2016 and continuous decreases from 2020 to 2023. Year-on-year variations depict consistent negative growth, with an average annual decrease (CAGR) of 3.65% over the past five years.
Future trends:
- Focus on transitioning to electric vehicles could further suppress demand for traditional engine parts.
- Potential market opportunities could arise from technological advancements in hybrid engines.
- Adapting to regulatory changes and shifts in consumer preferences will be vital for sustained market presence.
