The import values for scaffolding, shuttering, propping, or pitpropping equipment in the US have been projected to increase steadily from $650.9 million in 2024 to $736.24 million in 2028. This indicates consistent growth in this sector over five years.
Year-on-year, import values are expected to grow at rates of approximately 3.4% from 2024 to 2025, 3.2% from 2025 to 2026, 3% from 2026 to 2027, and 2.9% from 2027 to 2028. The compound annual growth rate (CAGR) over this period stands at an estimated 3.1%.
In 2023, the imports were at $630 million, illustrating a solid growth trajectory leading into the forecast period.
Trends to watch for in the future include:
- Impact of construction industry growth on import demand.
- Potential effect of US manufacturing and supply chain shifts on import requirements.
- Technological advancements in equipment efficiency and safety driving market needs.
- Regulatory changes influencing import practices and standards.
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