The market size of Spark Ignition Engines for automotive engines between 1500 and 3000cc in Mexico stood at $24.582 billion USD in 2023. After an initial growth from 2013 to 2014, the market saw a declining trend from 2015 to 2019, dropping significantly in 2020. It partially recovered in 2021 and 2022. The overall compound annual growth rate (CAGR) for the last five years indicates a modest decline of -1.01% per year. In the last two years, the market showed slight fluctuations with a minor decrease of 1.08% in 2023.
Future trends to watch include potential shifts towards alternative powertrains, such as electric and hybrid vehicles, which could impact the demand for spark ignition engines. Regulatory changes and technological advancements will also play a role in shaping the market dynamics moving forward.
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