In 2023, the UK's import of marine propulsion compression-ignition internal combustion piston engines within the 200 kW to 1,000 kW range stood at 9.8 thousand items. The forecast data indicates a year-on-year decrease, with planned imports falling from 8.6 thousand items in 2024 to 4 thousand items by 2028. Specifically, the expected reduction is 13.8% in 2025, 15.6% in 2026, and 18.1% in 2027. This trend reflects a projected compound annual growth rate (CAGR) of -14.3% from 2024 to 2028.
Future trends to watch for:
- Technological advancements in marine engine efficiency and environmental standards may impact import volumes.
- Regulatory changes in emissions and propulsion technology standards could influence market dynamics.
- Economic factors such as exchange rates and UK maritime industry demand fluctuations may affect import volumes.
