The UK land transport and pipeline transportation sector witnessed varied trends from 2013 to 2023. In 2023, the sector recorded 524.19 thousand employees, reflecting a year-on-year increase of 0.29%. Over the past decade, the sector experienced periods of growth, such as in 2016 and 2020 with 7.23% and 4.83% year-on-year rises respectively, and phases of decline, notably in 2022 with a 5.7% decrease. The last five years marked a stagnant period with a CAGR of 0.019%, indicating minimal average annual growth.
Future trends to watch for:
- Projected slight growth with a 0.2% CAGR over the next five years, anticipating a 0.99% overall increase by 2028.
- Potential impacts from technological advancements and regulatory changes within the sector.
- Economic factors and post-pandemic recovery shaping workforce dynamics.
