In 2023, the number of persons employed in the installation of industrial machinery and equipment sector in the UK stood at a lower level compared to the forecasted growth starting in 2024. The forecasted data from 2024 to 2028 show an upward trend, with employment figures increasing steadily from 24.28 thousand employees in 2024 to 25.94 thousand in 2028. The year-on-year growth rates reflect a stable increase, averaging around 1% annually. This consistent upward trend suggests a Compound Annual Growth Rate (CAGR) of approximately 1% over this period, indicating sustained growth in employment.
Future trends to watch for include technological advancements which may impact labor demand, regulatory changes influencing industry expansion, and economic factors affecting industrial investment. Additionally, growth in emerging markets could boost demand for machinery installation, further impacting employment positively.
