The import of mobile cranes into Canada shows a steady upward trajectory from 2024 to 2028, with an increase from $164.35 million in 2024 to $177.06 million in 2028. In 2023, imports stood at $161.0 million, marking consistent growth year over year. The compound annual growth rate (CAGR) from 2024 to 2028 is calculated to be around 1.87%, reflecting stable demand.
Future trends to watch for:
- Advancements in crane technology enhancing utility and efficiency.
- Fluctuations in global trade policies impacting import dynamics.
- Increased infrastructure projects boosting demand for mobile cranes.
