In 2023, the UK imported jacks and hoists, excluding hydraulic and garage hoists, valued at approximately 1.80 million. From 2024 to 2028, a steady growth is projected, with values increasing annually from 1.823 million to 1.895 million. This suggests a year-on-year growth rate of around 0.8% to 1%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be approximately 1%, indicating moderate expansion in UK imports of these items.
Future trends to watch for include:
- Technological advancements influencing demand.
- Trade policy changes post-Brexit impacting import volumes.
- Economic factors such as currency fluctuations and inflation.
