In 2023, the employment in the UK’s Repair of Transport Equipment (Except Motor Vehicles) sector stood at approximately 18.78 thousand FTEs. From 2024 to 2028, forecasts indicate a declining trend with FTEs reducing year-on-year, reflected by annual declines of approximately 4.7% from 2023 to 2024, 4.7% from 2024 to 2025, 4.8% from 2025 to 2026, 4.9% from 2026 to 2027, and 5.2% from 2027 to 2028. The projected Compound Annual Growth Rate (CAGR) over these five years indicates an annual average decline of 4.9%.
Future trends to watch include:
- Technological advancements and automation impacting labor demand.
- Potential economic factors influencing transport construction and maintenance budgets.
- Regulatory changes affecting sector operations and employment.
- Environmental policies prompting shifts towards sustainable practices.