The UK imports of fork-lift trucks and other works trucks fitted with lifting or handling equipment are projected to decline progressively from 2024 to 2028, with an expected decrease in volume. In 2023, imports stood at a tangible level, reflecting a trend that is set to continue downward over the next five years. Year-on-year, the imports forecast shows a consistent decline, indicating diminishing demand or possible changes in supply chain strategies. The compound annual growth rate (CAGR) over this period suggests a notable reduction in imports annually.
Future trends to watch for include how automation and technology advancements could impact the need for traditional lifting equipment. Additionally, UK trade policies, economic conditions, and the demand from key industries employing these trucks, such as logistics and manufacturing, will be crucial in shaping future import volumes.
