In 2023, the import of marine propulsion spark-ignition engines to the UK stood at 145.00 thousand items. The forecast from 2024 to 2028 projects a steady year-on-year decrease: 141.37, 138.02, 134.73, 131.51, and 128.36 thousand items respectively. This translates to annual decreases of approximately 2.9% to 2.4%. Over these five years, the compound annual growth rate (CAGR) reflects a decline.
Looking into future trends, the market may be influenced by technological advancements, the UK's regulatory focus on environmental sustainability, and potential shifts in economic conditions impacting marine activities. Vigilance on trade policies and emerging propulsion technologies will be essential for stakeholders.
