In 2023, the re-import of non-powered trucks with lifting or handling equipment to Canada was recorded at a value of 57. The forecasted data from 2024 to 2028 shows a consistent year-on-year decline, with a drop of approximately 12% each year. Specifically, values decrease from 51 in 2024 to 27 in 2028. This represents a compound annual growth rate (CAGR) of -12.06% over the five-year forecast period. The downward trend suggests a contracting market in this segment.

Future trends to watch for include:

Potential impact of global supply chain changes and trade policies on import dynamics.
Technological advancements in lifting or handling equipment which might alter demand for these products.
Increasing local production that could reduce reliance on re-imports.