In 2023, Japan's import of tower cranes stood at a certain level, and the forecasted data from 2024 onwards indicates a steady but modest increase. There is a slight year-on-year growth of approximately 0.38% between each successive year from 2024 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) suggests a consistent upward trend.
Future trends to watch for include:
- Potential impacts of technological advancements on the demand for more sophisticated tower cranes.
- Changes in construction industry regulations that could affect import volumes.
- Economic factors influencing construction spending and infrastructure projects in Japan.