The number of persons employed in the manufacture of fluid power equipment in the UK is expected to decline from 5.97 thousand in 2024 to 5.65 thousand by 2028. This represents a decreasing year-on-year trend, with employment declining by approximately 1.34% on average each year from 2024 to 2028. In the context of 2023, this sector saw an employment figure of 6.05 thousand, indicating a steady downward trend over the five-year period. The Compound Annual Growth Rate (CAGR) over these years projects an overall reduction in employment opportunities in this industry.
Future trends to watch include the impact of automation and technological advancements, which may further reduce the need for human labor in manufacturing processes. Additionally, shifts in the global supply chain, changes in trade policies, or emergent industries could alter demand for fluid power equipment, influencing employment in this sector.
