The forecast for the import of mobile cranes to the UK indicates a gradual decline from $137.16 million in 2024 to $128.1 million by 2028. This reflects a consistent trend of contraction in import values at an average annual rate. Compared to the previous actual imports in 2023, the forecast for 2024 represents a decrease.
Key trends and variations to note include:
- A year-on-year decrease is anticipated, with 2025 showing a lower import value than 2024, and this decline continues through to 2028.
- The CAGR from 2024 to 2028 is negative, signifying a steady reduction in imports over the five-year period.
Future trends to watch for include potential changes in UK construction demands, shifts in domestic manufacturing capabilities of mobile cranes, and fluctuations in the exchange rate, which could impact the cost-effectiveness of imports.
