In 2023, the actual import value of tower cranes to the US stood at approximately 2.30 thousand units. Forecasted data indicates a steady increase from 2024 to 2028, with values reaching 2.33 thousand units in 2024 and growing to 2.51 thousand by 2028. The year-on-year variation shows a gradual upward trend, with percentage increases ranging slightly from previous years. The compound annual growth rate (CAGR) over five years highlights moderate expansion in the market.
Future trends to watch for:
- Infrastructure investments and urban development projects enhancing demand.
- Technological advancements in crane manufacturing contributing to import fluctuations.
- Impact of trade policies and tariffs on import volumes.
- Shifts towards sustainable and energy-efficient machinery influencing market dynamics.