The mobile cranes market size value per capita in Lebanon exhibited fluctuations over the past decade with 2023 ending at USD 1.32 per capita. Comparing year-on-year variations, 2022 to 2023 saw no change, while from 2021 to 2022, there was a 6.45% increase. Over the last five years (2018-2023), the compound annual growth rate was about -0.59%, reflecting a slightly declining long-term trend.
Future trends to watch for include:
- Infrastructure development projects potentially boosting demand.
- Economic factors such as inflation and currency stability affecting market dynamics.
- Technological advancements altering market demands and operational efficiency.
