The forecast for the distribution of end-use shipments of aluminum products to the machinery and equipment sector in the US and Canada indicates steady growth from 2024 to 2028. In 2023, the recorded shipment volume stood below 872.0 thousand metric tons. The data shows a year-on-year increase of approximately 1.0% to 1.2%, with a Compound Annual Growth Rate (CAGR) projected at around 1.5% over the five-year forecast period.

Future trends to watch for:

Technological advancements in manufacturing driving demand for lightweight materials.
Potential increases in North American infrastructure projects impacting aluminum demand.
Fluctuations in global trade policies and their effects on aluminum supply chains.