The number of employees in the UK's wholesale sector, excluding motor vehicles and motorcycles, is forecasted to remain stable at 1.02 million units each year from 2024 to 2028. As of 2023, the employment number was also 1.02 million, indicating no projected growth or decline for the upcoming years.
While this steady trend suggests resilience in the sector, there are no significant year-on-year variations to indicate expansion or contraction. The compound annual growth rate (CAGR) reveals no change over the forecast period, given the flat employment figures.
Future trends to watch include technological advancements and digitalization in wholesale operations, potential regulatory changes post-Brexit, and impacts from global trade dynamics which could affect employment stability or alter workforce requirements.
