The forecast for China's import of automobiles with spark-ignition internal combustion reciprocating piston engines, with a cylinder capacity of 1000-1500 CC, indicates a steady increase from 2024 to 2028. In 2023, the import volume was already 133 million kilograms, showing expected growth rates of 3.5% to 3.6% year-on-year over the upcoming years.
Key future trends to watch for include:
- Continuous growth in demand for vehicles with this engine size, likely due to urbanization and rising middle-class consumerism.
- Potential impacts of environmental policy changes on internal combustion engine imports.
- Potential market shifts towards electric vehicles affecting these forecasted figures.