In 2023, the number of persons employed in the UK motor vehicles, trailers, and semi-trailers sector was 156,000. The forecast from 2024 onwards indicates a gradual decline, with employment predicted to decrease to 151.1 thousand by 2028. This represents a year-on-year reduction of approximately 0.67% from 2024 to 2025, continuing the trend with a similar decrease each subsequent year. The compound annual growth rate (CAGR) over this period reflects a negative growth rate of about 0.63% per annum from 2024 to 2028.
Future trends to watch for include technological advancements in automotive manufacturing, shifts towards electric vehicles, and potential impacts of regulatory changes on employment. Additionally, global supply chain dynamics and economic conditions could further influence employment patterns in this sector.
