The import of non-powered trucks with lifting or handling equipment to India is projected to grow steadily from 2024 to 2028, with values expected to rise from USD 94.361 million to USD 109.51 million. The year-on-year percentage variations indicate a consistent growth rate close to 4% annually. Based on past data, imports were estimated at approximately USD 90 million in 2023, suggesting a compound annual growth rate (CAGR) of around 5% over the five-year period from 2023 to 2028.

Future trends to watch for include:

Increased industrialization in India could boost the demand for handling equipment, potentially accelerating import growth.
Policy changes or trade agreements might impact import tariffs, affecting market dynamics.
Technological advancements in local manufacturing could shift the market dependence from imports.