In 2023, the office equipment hours worked in the UK stood at 7.6 million hours. The forecast data from 2024 to 2028 indicates a consistent decline in these hours, from approximately 7.37 million in 2024 to 6.47 million in 2028. Year-on-year, the percentage decrease suggests a gradual reduction of office equipment hours by around 3% annually. The compound annual growth rate (CAGR) over the five-year period reflects an average annual decrease of about 3%, highlighting a shrinking trend in the industry.
Key future trends to watch for include:
- The impact of automation and AI on office equipment usage and hours worked.
- Potential shifts towards remote working affecting office equipment demand.
- Technological advancements that may further reduce the need for traditional office equipment.
