The import of spark ignition engine trucks under 5 tonnes to the US is set to increase from $20.877 billion in 2024 to $23.260 billion in 2028, reflecting a steady upward trend. This represents a consistent year-on-year growth of approximately 2.9% over the five-year period, indicating moderate expansion. In 2023, the import value was slightly lower, setting the baseline for this forecasted growth.
Future trends to watch for include:
- Technological advancements in fuel efficiency which could impact import demands.
- Shifts towards electric vehicles potentially influencing the traditional engine market.
- Trade agreements and tariffs affecting import costs and volumes.
