The forecast for the import of self-propelled cranes and lifting frames not on tyres to the US shows a steady increase from 2024 to 2028. In 2023, the import value was $416 million, indicating a positive trend as the value is expected to rise to $459.52 million by 2028. This reflects a year-on-year growth rate ranging from approximately 2% to 2.3%. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated at around 2.0%.
Future trends to watch for include:
- Technological advancements in crane manufacturing, which could affect import demand.
- US infrastructural developments and the construction sector's growth influencing import volumes.
- International trade policies and tariffs impacting cost and import dynamics.
- Geopolitical events that could disrupt supply chains and affect availability.