From 2013 to 2023, the Spark Ignition Engine Automotive market in Switzerland for engines between 1000 and 1500cc per capita has seen fluctuations. In 2023, the market was valued at 360.62 USD per capita. Over the last decade, the market witnessed its peak in 2014 with 470.75 USD per capita, followed by a decline, reaching the lowest point in 2020 at 316.24 USD per capita. A modest recovery appears from 2021, with the latest data in 2022 showing a slight increase compared to 2023, marking a decrease from the previous year (-1.81% in 2023 from 2022).
The annual average growth rate (CAGR) over the past five years stands at -1.33%, indicating a general decline in per capita value in recent times. Future trends to watch for include:
- The impact of technological advancements in automotive engines, particularly related to efficiency and emissions.
- Government policies regarding environmental regulations affecting engine types and sizes.
- Consumer preferences shifting towards alternative fuel vehicles, potentially impacting the demand for traditional spark ignition engines.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 578.27 | 2023 | View data | ||
| 2 | 2 Israel | 530.67 | 2023 | View data | ||
| 3 | 3 Finland | 414.02 | 2023 | View data | ||
| 4 | 4 Austria | 409.3 | 2023 | View data | ||
| 5 | 5 Sweden | 380.45 | 2023 | View data | ||
| 6 | 6 Switzerland | 360.62 | 2023 | |||
| 7 | 7 New Zealand | 302.61 | 2023 | View data | ||
| 8 | 8 Barbados | 292.25 | 2023 | View data | ||
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