The forecast for imports of reciprocating spark ignition engines with a cylinder capacity of 50-250 cc to the US shows a steady decline from 2024 to 2028. In 2023, the import value stood at a higher position compared to future projections. Notably, there is a year-on-year decrease with 2024 witnessing a slight drop followed by continuous declines each year, reaching its lowest forecasted value in 2028. Calculating the compound annual growth rate (CAGR) over this five-year period highlights the average annual decrease in import values.
Future trends to watch for include:
- Technological advancements leading to alternative engine technologies.
- Potential shifts in consumer preferences towards electric or more sustainable options.
- Regulatory policies impacting engine imports and efficiency standards.