In 2023, the UK imported 7.465 million kilograms of non-powered trucks with lifting or handling equipment. By 2028, this is expected to increase to 8.2164 million kilograms, with a steady year-on-year growth between 2-2.5%. The compound annual growth rate (CAGR) for this period is approximately 1.93%, indicating a moderate growth pattern through the forecast period.
Future trends to watch for include:
- Potential impacts of technological advancements in transport and logistics affecting demand.
- Brexit-related trade policy changes influencing import costs and sourcing strategies.
- Shifts in economic conditions and industrial activity potentially altering import volumes.