The import of portal or pedestal jib cranes to the UK is projected to experience a significant decline over the forecast period from 2024 to 2028. The forecasted figures in million US dollars show a notable downward trend, indicating a shrinking market. From 2024 to 2028, the year-on-year decline averages sharply, pointing to decreasing demand or increased domestic production within the sector. The compound annual growth rate (CAGR) highlights a continuing negative trajectory across the five-year span, emphasizing consistent contraction after 2023 levels.

Future trends to watch for:

Potential recovery factors like economic stabilization or new infrastructure projects could reverse or stabilize the decline.
Technological advancements and innovation in crane technology may affect demand dynamics in unexpected ways.
Changes in trade policies or tariffs could further impact import volumes and values.