The import of cranes designed for mounting on road vehicles to Canada is anticipated to show consistent growth from 2024 to 2028, with values increasing steadily from $139.53 million in 2024 to $156.72 million in 2028. In 2023, the value stood at $135.12 million. Year-on-year variations reveal a gradual increase: 3.3% in 2024, 3.17% in 2025, 3.02% in 2026, 2.87% in 2027, and 2.74% in 2028. Over the last two years, the average growth rate was 3.24%. The Compound Annual Growth Rate (CAGR) for the forecast period is approximately 2.82%.

Future trends to watch for:

New technological advancements in crane design and efficiency
Economic factors affecting the construction and automotive sectors
Government policies and trade regulations impacting imports
Environmental regulations influencing the demand for more sustainable and efficient machines
Innovation and developments in road infrastructure projects across Canada