The import of reciprocating spark ignition engines with a cylinder capacity of 250-1000 cc to the UK is forecasted to progressively decline from 2024 to 2028. In 2023, the actual import value stood higher compared to these subsequent projections. A consistent downward trend is evident, with year-on-year decreases leading to a compounded annual growth rate (CAGR) that reflects an average negative trend over the forecasted period.
Future trends to watch for include the increasing adoption of electric vehicles, potential regulatory changes, and shifts in consumer preferences towards more environmentally friendly alternatives, which may further diminish the demand for traditional spark ignition engines.
