In 2023, the import value of marine outboard spark-ignition motors to the UK stood at an estimated 19.451 million USD. The forecast indicates a decline across the next five years, starting at 18.845 million USD in 2024 and decreasing to 16.556 million USD by 2028. The trend shows a consistent annual decrease, reflecting various sectoral dynamics and possibly maturing market conditions. Year-on-year, the values are expected to decline by roughly 3% annually, with a 5-year compound annual growth rate (CAGR) projecting an average drop.
Future trends to watch involve the potential impact of technological advancements leading to increased efficiency and lower demand for replacement units. Economic factors such as fluctuations in currency, tariff policies, and Brexit outcomes could affect import levels. Additionally, environmental regulations promoting electric alternatives may influence the market dynamics.
