In 2023, the import volume of parts for lifts, skip hoists, or escalators to Japan stood at 53.7 million kilograms. From 2024, forecast data indicates a steady increase in imports, reaching 54.423 million kilograms in 2024 and growing to 57.432 million kilograms by 2028. This denotes a year-on-year growth rate approximately around 1.42% from 2024 onwards. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be about 1.36%, indicating a steady upward trend.
Future trends to watch: The rise in imports might be driven by an increase in construction and infrastructure projects, coupled with technological advancements. It's important to monitor economic conditions globally and locally, as well as any significant shifts in the construction sector that could impact import volumes.
