In 2023, the number of employees in warehousing and support activities for transportation in the UK stood at approximately 432.45 thousand. Looking forward, the forecasts for 2024 to 2028 indicate a steady increase, starting at 442.38 thousand in 2024 and rising to 472.44 thousand by 2028. The year-on-year increase suggests a consistent growth trend, with an expected average annual growth rate (CAGR) of about 2% over the five-year period.
Future trends to watch include:
- Technology advancements in warehouse automation reducing reliance on manual labor.
- Brexit's continuing impact on transportation and trade dynamics.
- Sustainability initiatives influencing industry hiring patterns.
- Geopolitical events affecting overall employment stability.