The number of enterprises in the UK's manufacturing sector of lifting and handling equipment is projected to decline gradually from 828 in 2024 to 813 in 2028. This represents a slight year-on-year percentage decrease each year, with an overall decline evident over the five-year forecast period. The compound annual growth rate (CAGR) over this period suggests a mild contraction in the sector.

Future trends to watch for:

The impact of technological advancements and automation on enterprise numbers.
Potential consolidation within the industry as firms seek to maintain competitiveness.
The influence of global economic conditions and trade policies on the sector.
Changes in domestic policies that may affect manufacturing competitiveness in the UK.