The import of non-electric self-propelled works trucks to the UK is projected to follow a steady growth trend from 2024 to 2028. In 2023, the actual volume of imports stood at a slightly lower level compared to the forecasted data. From 2024 to 2025, the expected increase is approximately 1.55%, with similar year-on-year growth rates observed consecutively: 1.50% from 2025 to 2026, 1.45% from 2026 to 2027, and 1.40% from 2027 to 2028. The compound annual growth rate (CAGR) over this period suggests a gradual increase, averaging around 1.48% annually.
Future trends to watch include:
- The potential impact of technological advancements on import volumes as automation and innovation in machinery may alter demand.
- Changes in trade policies or tariffs post-Brexit that could affect import costs and volumes.
- Economic factors such as construction and infrastructure investments which may drive demand for such equipment.