In 2023, the import value of trucks with lifting equipment to the UK stood at a baseline against the forecasts starting from 2024, which show consistent growth each year. From 2024 to 2028, the import value is forecasted to rise steadily, reflecting a year-on-year increase that progressively contributes to a five-year compound annual growth rate (CAGR) of approximately 1.95%.

Future trends to watch for include:

Technological advancements in lifting equipment that may impact demand.
Potential changes in trade policies following global economic shifts.
Increasing demand for construction and logistics services, driving the need for such vehicles.
Environmental regulations influencing imports of more sustainably designed trucks.
Potential market disruptions influencing global supply chains.