The import volume of track-laying tractors to China is projected to increase from 1.1932 million kilograms in 2024 to 1.3466 million kilograms by 2028. This reflects a gradual year-on-year growth with respective increments of 3.31% from 2024 to 2025, 3.15% from 2025 to 2026, 2.98% from 2026 to 2027, and 2.84% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 3.06%.
Future trends to watch include:
- China's ongoing infrastructure development projects potentially accelerating import demand.
- Technological advancements in track-laying tractors influencing import volumes.
- Government policies affecting import tariffs and regulations, impacting cost and import volumes.