The import of trucks with lifting equipment to Turkey showed variability over the past decade, standing at 309.51 million USD in 2023. Year-on-year growth has fluctuated. Recent years have seen a recovery with a 7.53% increase in 2022 and a modest 2.07% rise in 2023. The CAGR from 2018 to 2023 stands at 1.6%.
Future trends indicate moderate growth with a forecasted CAGR of 1.6% from 2024 to 2028, expecting to reach around 341.38 million USD by 2028. However, the overall growth rate for the next five years is estimated at 8.26%.
Key trends to watch for:
- Technological advancements impacting lifting equipment efficiency.
- Regulatory changes affecting imports and environmental standards.
- Economic factors influencing demand in the construction and logistics sectors.
