The mobile cranes market size value per capita in South Korea in 2024 is expected to be $5.72 USD, with projected slight annual decreases over the next few years. The forecast sees values dropping to $5.69 USD in 2025, $5.67 USD in 2026, $5.65 USD in 2027, and $5.63 USD in 2028. In comparison, the value per capita in 2023 stood at $5.75 USD.
Year-on-year variation indicates a declining trend:
- -0.52% from 2024 to 2025
- -0.35% from 2025 to 2026
- -0.35% from 2026 to 2027
- -0.35% from 2027 to 2028
The compound annual growth rate (CAGR) over the last five years is approximately -0.38%. This decline suggests a steady decrease in value per capita over time.
Future trends to watch for include potential technological advancements in mobile cranes that might offset decreases in value per capita, changes in South Korean construction and industrial markets, and policy shifts that might impact infrastructure investments or industry regulations.
