Forecast: Import of Trucks With Lifting Equipment to Thailand

The import value of trucks with lifting equipment to Thailand is forecasted to demonstrate a steady increase from 2024 to 2028, starting at $265.84 million in 2024 and expanding to $288.52 million by 2028. In 2023, the import value stood at $260 million. The year-on-year growth rates are approximately 2.2% from 2024 to 2025, 2.1% from 2025 to 2026, 2.0% from 2026 to 2027, and 1.9% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted five-year period is 2.05%, indicating a stable upward trend.

Future trends to watch for include:

- Advances in lifting technology and automation could drive higher value imports.

- Infrastructure development projects in Thailand that may spur increased demand for specialized trucks.

- Fluctuations in trade policies and tariffs that could impact import volumes and costs.

- Economic growth and industrial activities which may further boost import needs.