In 2023, imports of shovels and excavators with revolving superstructure to the US stood at an undisclosed value. For 2024, the forecast indicates an import value of 66.02 thousand units. The projected year-on-year growth rates for subsequent years are approximately 2.8% for 2025, 2.7% for 2026, 2.6% for 2027, and 2.5% for 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 2.65% annually.
Future trends to watch for include:
- Technological advancements in machinery that may impact import volumes.
- Changes in construction industry demand which could influence import numbers.
- Trade policy adjustments affecting import tariffs and flows.
