In 2023, the re-import of marine outboard spark-ignition motors to Canada stood at 3 units. Forecasts for 2024 and 2025 show a steady value of 2 units, followed by a decline to 1 unit in 2026 and 2027, and reaching 0 by 2028. This represents a year-on-year decrease of approximately 33.3% from 2023 to 2024, stabilizing through 2025 at the same level, and further dropping by 50% from 2025 to 2026. The calculated compound annual growth rate (CAGR) over the forecast period reflects a consistent downward trend.
Future trends to watch for include:
- Technological advancements potentially impacting demand.
- Regulatory changes in import/export policies.
- Environmental impact considerations influencing e-mobility shift.
- Market competition and consumer behavior shifts towards sustainable options.
