Spark Ignition Engine Automotive (With Engine Between 1500 and 3000cc) Market Size Value in the UAE

As of 2023, the market size value of Spark Ignition Engine Automotive in the UAE, for engines between 1500 and 3000cc, stands at 10.944 Billion US Dollars. Observing the trend over recent years, there's been a recovery trend post-2020, with the market enduring a significant slump in 2020 but showing positive growth afterwards: a 15.41% increase in 2021 and a 6.11% increase in 2022, followed by a smaller growth of 0.78% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 0.83%, indicating moderate expansion.

Future trends to watch include:

• The impact of potential regulatory changes pushing for lower emissions, favoring alternative energy vehicles.
• Fluctuating oil prices could influence consumer preferences towards more fuel-efficient engines.
• The ongoing economic diversification efforts in the UAE might affect automotive demand patterns.