The import of automobiles with spark-ignition internal combustion reciprocating piston engines exceeding 3000 CC to Germany is projected to grow steadily from 2024 through 2028. In 2023, these imports were valued at 2.76 billion USD. From 2024 onwards, a consistent year-on-year growth of approximately 2-3% is forecasted, cumulating in an estimated 3.07 billion USD by 2028. The compound annual growth rate (CAGR) over this period is expected to be approximately 2.11%.
Future trends to watch for include:
- Potential shifts towards electric vehicle imports due to increasing environmental regulations and consumer preferences.
- Economic factors such as trade agreements or tariffs influencing import prices and volumes.
- Technological advancements in engine efficiency and alternative fuels impacting demand.