The UK market for passenger vehicles with a spark-ignition engine of a cylinder capacity of less than 1,500 cm³ showed volatility over the past decade. As of 2023, the market size volume reached 880.8 thousand units. After a downturn in 2020 with a 16.13% decline and a subsequent rebound in 2021 with a 16.05% rise, recent years have shown moderate growth. The year-on-year growth in 2023 was 1.3%, with a five-year CAGR of 2.09% reflecting a cautious recovery post-2020 disruption.
Future trends to watch for:
- Shift towards electric vehicles that may influence the demand for small spark-ignition engines.
- Regulatory changes impacting gasoline engines, potentially affecting market dynamics.
- Consumer preferences shifting, possibly favoring more environmentally friendly or economical vehicles.
