The import of hydraulic jacks and hoists except for garages to India is projected to increase steadily from 2024 to 2028, reaching 256.44 thousand by the end of this period. This upward trend marks a continued growth from 2023, when the import value stood at approximately 206.00 thousand. Year-on-year, this represents increases of about 4.70% in 2025, 4.42% in 2026, 4.14% in 2027, and 3.85% in 2028. The compounded annual growth rate (CAGR) from 2024 to 2028 indicates an average annual rise of around 4.28%.
Looking ahead, key trends to monitor include advances in hydraulic technology, India's infrastructure development, and the impact of global supply chain dynamics. These factors can influence the demand and import dynamics for these hydraulic devices significantly.
