In 2023, Italy imported hydraulic jacks and hoists (excluding garages) valued at 661.24 thousand. The forecast for 2024 to 2028 shows a steady increase in imports, with a year-on-year growth rate ranging from approximately 2% to 3% annually. This consistent growth points towards a Compound Annual Growth Rate (CAGR) of around 2.21% over the five-year period from 2024 to 2028.
Future trends to watch for:
- Technological advancements in hydraulic systems that may influence demand and import volumes.
- Economic factors within the EU and global trade policies impacting Italy's import capabilities.
- Shifts in the industrial and automotive sectors driving usage of hydraulic equipment.