In 2023, the number of employees in the UK manufacture of fluid power equipment stood at approximately 6.03 thousand. From 2024 onward, forecasts indicate a gradual decline in employee numbers: 5.95 thousand in 2024, 5.87 thousand in 2025, 5.79 thousand in 2026, 5.71 thousand in 2027, and 5.63 thousand by 2028. Over two years, the annual decrease is approximately 1.33%, reflecting a consistent downward trend. The compound annual growth rate (CAGR) over the five-year period also supports an average annual decline of 1.33%.
Future trends to watch in the sector include:
- Automation and technology integration in manufacturing processes
- Shifts towards more sustainable production methods
- Impact of global trade dynamics and supply chain challenges
- Sector's adaptation to evolving energy efficiency standards and regulations
