In 2024, the import forecast for jacks and hoists, excluding hydraulic and garage types, to the US stands at 24.009 million. This is an increase from the 2023 actual import values. The forecast shows a gradual upward trend, with year-on-year growth rates anticipated as 1.96% in 2025, 1.89% in 2026, 1.82% in 2027, and 1.75% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a steady average annual growth, supporting a positive trend in imports over the next five years.

Future trends to watch for include:

Increasing automation and construction activities driving demand for jacks and hoists.
Potential trade policy changes impacting import dynamics and costs.
Technological advancements influencing product innovations and market shifts.