In 2023, the re-import value of gantry and overhead travelling cranes on fixed support to Canada stood at 1.27 thousand units. Forecasted data shows a steady increase from 2024 to 2028, with year-on-year growth rates of approximately 7.3% in 2024, 6.9% in 2025, 6.1% in 2026, and further consistent growth, leading to a compound annual growth rate (CAGR) of around 6.8% from 2024 to 2028.
Future trends to watch for include:
- Technological advancements improving crane efficiency and safety.
- Increased demand driven by further construction and industrial expansion in Canada.
- Potential trade policy changes affecting re-import strategies.