The import of cranes designed for mounting on road vehicles to Malaysia stood at USD 10.509 million in 2023. Starting from 2024, the forecasted import values are USD 11.803 million, USD 12.247 million for 2025, USD 12.682 million for 2026, USD 13.108 million for 2027, and USD 13.526 million for 2028. This indicates a consistent year-on-year increase, with percentage variations as follows: 12.3% for 2024, 3.8% for 2025, 3.6% for 2026, 3.3% for 2027, and 3.2% for 2028. The 5-year compound annual growth rate (CAGR) is estimated at 4.8%.
Future trends to watch for include potential expansions in Malaysia’s construction and logistics sectors, advancements in crane technology, and shifts in trade policies affecting import regulations. Monitoring these variables could provide insights into further import adjustments and demand fluctuations.
