The import of parts for use with lifting and moving machinery to the US is forecasted to grow steadily from $10.643 billion in 2024 to $11.514 billion in 2028. Based on historical data, in 2023, these imports were valued at $10.412 billion. Year-on-year growth is projected at approximately 2.1% for 2025 and continues at a similar rate until 2028. The compound annual growth rate (CAGR) over the forecasted period (2024-2028) is estimated at around 1.95%, reflecting a stable yet moderate growth trajectory.

Future trends to watch for in this sector include:

Technological advances in machinery part manufacturing that could influence demand.
Changes in manufacturing and foreign policy affecting import regulations.
Global supply chain shifts and their impact on import volume and cost.
Fluctuations in construction and industrial activities that may drive or dampen demand.