In 2023, the import of non-numerically controlled punching, notching, and punch-shear machine tools to the US was $34.7 million. Starting in 2024, the forecasted values show a steady increase in imports, with a projected year-on-year growth rate around 1.75%-2.00% annually, reaching $37.69 million by 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.65%.
Future trends to watch for include:
- Technological advancements influencing demand shifts
- Changes in US manufacturing sector dynamics
- Impact of global trade agreements on import tariffs and costs
