In 2023, the import value of self-propelled cranes and lifting frames not on tyres to the US was $1.47 thousand. The forecast shows a year-on-year increase of around 2.7% over the next five years, reaching $1.67 thousand by 2028. On average, there is a compound annual growth rate (CAGR) of approximately 2.6% from 2024 to 2028.
Future trends to watch for include:
- Technological advancements in crane manufacturing
- Changes in regulatory standards affecting import practices
- Market demand fluctuations driven by the construction and infrastructure sectors
- Global trade policies impacting international supply chains