The forecasted production of tower cranes and portal or pedestal jib cranes in the UK shows a steady increase from 2024 to 2028, with values ranging from 878.28 items in 2024 to 909.87 items in 2028. With the absence of 2023 data, precise prior year comparison isn't possible. However, the projected year-on-year growth for each year remains consistent, suggesting a stable market. The combined compound annual growth rate over the five years is modest, indicating a gradual upward trend.
Future trends to watch for include potential technological advancements that could boost efficiency and production capacity, and shifts in demand due to construction industry dynamics. Economic factors, such as interest rates and infrastructure spending, will also likely affect the market trajectory.
