From 2024 to 2028, the import value of portal or pedestal jib cranes to the UAE is forecasted to grow from 69.959 million USD in 2024 to 80.795 million USD in 2028. This represents a steady year-on-year increase, with the following annual growth rates: 4% from 2024 to 2025, 3.75% from 2025 to 2026, 3.56% from 2026 to 2027, and 3.36% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is 3.66%.
In 2023, the import value stood at 67.306 million USD. The growth trend is indicative of a robust market demand and potential infrastructural development in the UAE. Future trends to watch for include advancements in crane technology, shifts in global trade policies, and any significant infrastructural projects within the UAE that could further drive demand.
