The Diesel Automotive market in Montenegro for engines exceeding 1500 and 2500cc has shown significant fluctuations over the past decade. In 2023, the market size stood at 49.826 million USD, marking a consistent upward trend with a 2.34% year-on-year increase from 2022 and a 2.04% CAGR over five years. Key growth periods were in 2017 and 2018, while notable declines occurred in 2015 and 2020.
Future trends to watch for:
- Transition to electric vehicles affecting diesel market dynamics.
- Regulatory changes impacting diesel engine production and sales.
- Consumer preferences shifting towards eco-friendly alternatives.
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