In 2023, the total number of researchers in the Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles sector in the UK stood at X thousand FTEs. Forecasts suggest a consistent year-on-year growth from 2024 to 2028, reflecting a compound annual growth rate (CAGR) of approximately 3.5%. The sector anticipates reaching 7.31 thousand FTEs by 2028, marking a positive trend over the five-year forecast period.
Future trends to watch for:
- Technological advancements influencing research capabilities and efficiency.
- Potential impacts of economic fluctuations on sector research investments.
- The evolving landscape of e-commerce and its demand for market insights.
