The forecasted import of parts for internal combustion spark ignition engines to Canada indicates a gradual increase from 2024 through 2028. In 2023, the value stood at 2.22 billion USD. The year-on-year forecasted increase reflects a steady growth: 2024 (2.23%), 2025 (2.26%), 2026 (2.31%), 2027 (2.36%), and 2028 (2.41%). The compound annual growth rate over these five years is modest, suggesting a stable demand for these parts in the region.

Future trends to watch for include:

Potential shifts towards electric vehicle parts and their impact on spark ignition engines.
Changes in trade policies that could affect import dynamics or costs.
Technological innovations in engine design that might affect part imports.