In 2023, the actual import value of portal or pedestal jib cranes to the US stood at approximately $75 million. Forecasted data indicates a steady increase in import values from 2024 through 2028, starting at $76.725 million in 2024 and reaching $83.734 million in 2028, marking a consistent upward trend.
The year-on-year percentage changes show a gradual increase with a steady growth pattern. Specifically, the growth from 2024 to 2025 is about 2.36%, from 2025 to 2026 is approximately 2.25%, from 2026 to 2027 is around 2.16%, and from 2027 to 2028 is about 2.07%. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 appears to be around 2.1%.
Future trends to watch for include technological advancements in crane manufacturing that may affect import volumes, policy changes impacting trade, and shifts in domestic industrial demands that could either bolster or temper these import levels.
