The import of machines for public works and building to the US is projected to increase steadily from 39.695 million kilograms in 2024 to 45.841 million kilograms by 2028. In 2023, before this forecasted growth, the import volume was approximately lower than these projections. The year-on-year growth rates indicate an annual average growth (CAGR) of about 3% over the five-year period.
Future trends to watch for include:
- Technological advancements in building machinery leading to shifts in imports.
- Trade policies and economic conditions affecting machinery imports.
- Domestic developments in infrastructure projects impacting demand for imported machinery.