The import of jacks and hoists (excluding hydraulic and garage hoists) to the US is predicted to rise steadily from 2024 to 2028, as depicted by the growing values from $407.25 million in 2024 to $445.55 million in 2028. This steady increase indicates a positive trend in demand over the forecast period. As of 2023, actual import numbers were not provided. Over the last two years (2025 to 2027), the annual growth rate was steady, indicating that the sector is on an upward trajectory, with a compound annual growth rate (CAGR) expected around 2.2% from 2024 to 2028.
Future trends to watch for include potential disruptions from global supply chain changes, evolving trade policies, and technological advancements in hoist and lifting equipment affecting demand patterns. Monitoring these factors can provide insights into possible deviations from the predicted trend.
